Fission Vaults

Fractionalization of NFTs into coins or tokens, and redemption of coins for NFTs is handled by Fission vaults. These vaults are highly customizable to allow them to serve whatever use case NFT and game builders have in mind for their project. Vault attributes which can be custom-tailored include:

Kiosk compliance

Kiosks allow creators of digital assets to set and enforce certain rules about how their assets can be used. Creators can leverage Kiosks in numerous ways to set parameters regarding how, when, and according to what conditions objects may be transferred. By adhering to the rules of the Kiosk, Fission vaults allow their full functionality to be available for use in game design.

Coins and Tokens

The Coin and Token standards on Sui allow further specification of how fractionalized NFTs can be used. An NFT can be fractionalized into Coins which are freely tradeable and fungible, providing freedom to their holders to do with them as they please. For certain use cases, it may be desirable to limit where and how fractionalized NFTs can be used. For these purposes, creators can use the Token standard to ensure the rules they desire are followed.

Fractionalization into multiple tokens

NFTs can have a wide range of attributes, from rarity tiers to how they appear or potentially how they can be used. Rather than limit all NFTs from a collection to being fractionalized into a specific number of a certain coin, it is possible to specify that a NFT with attributes A, B, and C gets fractionalized into arbitrary amounts of tokens X, Y, and Z. Likewise, it can be specified that an NFT requires certain amounts of numerous tokens to be redeemed from the vault. Game and NFT creators can set up Fission vaults however they wish in order to implement a system which works for their project.

Farming

A Fission vault can also behave similarly to our Afterburner vaults currently in use as farms for our AMM pools. Rather than depositing an NFT and instantly receiving some amount of fractionalized NFT coins, NFTs can be staked into the vault, which will then allow users to claim some amount of coins according to a specified emissions rate.

Depreciation

The inverse of farming. An NFT staked into a Fission vault may initially be worth some amount of fractionalized tokens, which decreases over time. The vault can simultaneously emit other tokens, allowing the spending of one token in order to farm another. This also allows for the use and repair of NFTs over time.

Gated vaults

Requires a user to hold a specific asset in order to access the vault. Vaults can also only be available at specific times, for example only during a particular season.

Minting and Burning

It may be desired for an asset to be able to be utilized one time and then destroyed, rather than leaving it staked in the vault to be redeemed or purchased. For these purposes, Fission vaults can mint and burn NFTs, coins, or tokens as specified by the vault creator.

Depositing to the AMM

Fission vaults also can determine whether fractionalized NFTs are deposited directly into the AMM for trading, or if the user has the option to instead receive the coins to their wallet, or perform some other operation with them.

We are excited to see the creative ways builders come up with to utilize Fission vaults. One of the reasons we wanted to build them is to spread awareness about the various tools Game and NFT creators have at their disposal on Sui. By supplying the infrastructure, Aftermath can allow creators to do what they do best, which is to invent immersive experiences with the building blocks available to them.