🔓Rent Protocol
Owner can transfer NFT to a borrower with zero collateral
The protocol secures tokens by a set of contracts deployed that are managed by the smart contract. NFT Owner puts their NFT on rent, sets the rules of the contract, and deposits their NFT to the protocol. Borrowers, or customers, can claim the token, and get conditional ownership as parameters set by the issuer.
The protocol works permissionless without needing any collateral and aims to solve the following :
The capability to share idle digital assets ( In-game assets, tokenized real estate, digital content, etc. ) for their utility and generate interest\
Lowering the entry barrier for new consumers by providing a medium to experience at low cost and then make the buying decision\
Simplifying asset management for institutional holders such as gaming guilds, and DAOs by enabling private rentals. They can simply whitelist the beneficiary's address ( Scholars, etc. ).
🌟 Supported Chains - Solana, Ethereum, Polygon, Hedera, Mantle, Telos, & more coming soon ( Pipeline - Avalanche, Arbitrum, Scroll, etc. )\
NFTs on EVM are not inherently lockable, therefore StreamNFT has proposed ERC7066 to enable escrowless financialization tools on EVM. StreamNFT currently supports ERC721, ERC1155 and ERC7066 NFTs. Integration steps for these can be found here.
Features:
Projects can customize own rental solutions using provided features:
Asset Receipt
Smart Registry: Low cost solution where smart contract stores the token states
Wrapped Token: Mint an ERC7066 wrapped token as receipt (an extension of ERC721 and supports all ERC721 functions). ERC7066 copy of token is transferred and locked to user wallet. Only one token is minted for each NFT and all subsequent rentals lock/unlock and transfer the wrapped token using ERC7066 capabilities, thus making the solution gas optimal.
Private Rental Configure rental within a specific guild or targeted user base
Custom Payment Token Configure rental payment in chain native token or your own ERC20 token
Partner Fee Project/Collection can configure their fee, which shall be processed to partner treasury on each successful rental
Reward sharing Reward NFT holders in native tokens or any ERC20 token, which gets distributed to NFT owner and NFT rentee as per configurable reward share
Trials Project can choose to list NFTs on trial for no cost. Incentivising users to experience projects and NFT utilities for free.
StreamNFT brings truly decentralized and no-collateralization rental protocol, enabling digital asset owners and projects to make their NFTs rentable. Borrowers can own digital assets for their utility for a specified duration without locking up capital or exposing themselves to volatility by just paying small fees.
Supported Standard : Metaplex Editions, pNFT
Features:
Decentralized and Escrowless NFT never leaves your wallet. While renting out or on loan, NFT stays within your wallet. Enabling users to exercise utility of NFT. NFT successful rental transfers NFT to rentee and locks the NFT in the wallet.
Integration require 0 line of code StreamNFT moves NFTs to user wallets and enabling rental for your project require 0 development efforts
Time Based and Use Based Rentals NFT rental expiry can be configured based on time. Optionally with 2 lines of code on-chain / off-chain use based expiry can be configured.
Private Rental Configure rental within a specific guild or targeted user base
Custom Payment Token Configure rental payment in chain native token or your own SPL token
Partner Fee Project/Collection can configure their fee, which shall be processed to partner treasury on each successful rental
Reward sharing Reward NFT holders in native tokens or any SPL token, which gets distributed to NFT owner and NFT rentee as per configurable reward share
Trials Project can choose to list NFTs on trial for no cost. Incentivising users to experience projects and NFT utilities for free.
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