💎Provenance Mining
Last updated
Last updated
Provenance mining is a mechanism that allows an NFT to mine ERC-20 tokens over time that the owner of the NFT can claim. Unclaimed tokens stay within the NFT across sales or transfers.
What happens when you tokenize the act of holding an NFT over time?
Create a realm, run your own experiment, and see what happens!
Infusion is the process of staking ERC-20 tokens from your wallet into an NFT via HyperVIBES.
Infused tokens are then mined by the NFT over time at a linear rate as configured in the realm. Mined tokens do not automatically go to the NFT owner's wallet, they must be "claimed" at some point (see below).
Tokens immediately start mining on the same block they are infused.
If the require NFT is owned constraint of the realm is true, the infuser must own the NFT being infused.
If the allow public infusion constraint of the realm is false, the infuser must be on the list of allowed infusers for that realm.
If the allow all collections constraint of the realm is false, the NFT being infused must be from a collection on the list of allowed collections for that realm.
If the allow multi infuse constraint of the realm is false, an NFT can only be infused a single time for that realm.
The amount being infused must be equal to or greater than the min infusion amount constraint set in the realm.
If the infusion would result in a staked token balance for that NFT that is greater than the max token balance constraint for the realm, infused amount is clamped (limited) to the max token balance amount. If this clamped amount is less than min infusion amount, the infusion will fail.
If the specified infuser is different than the address submitting the transaction, the infuser must have approved the sender as an authorized proxy ahead of time.
Claiming is the act of withdrawing mined tokens from an infused NFT to the NFT owner's wallet.
Only mined tokens can be claimed, while un-mined tokens stay staked within the NFT. Unclaimed tokens stay within the NFT across sales or transfers.
The total amount being claimed must be equal to or greater than the min claim amount constraint set in the realm.
It is possible to claim less than the total claimable amount if desired.
If the allow public claiming constraint of the realm is false, the claimer must be on the list of allowed claimers for that realm.
If the address submitting the claim transaction does not own the NFT, the NFT owner must have approved the sender as an authorized proxy ahead of time