Escrow Capsules for Trustless OTC
NFTs for Trustless P2P OTC without Third-Parties
The OTC market is huge.
Escrow parties can charge hefty fees.
But you can DIY P2P with OTC NFTs!
We’re seeing great traction & enquiries on Vesting Capsules, with recent examples by Fraktal and ParagonsDAO locking millions of dollars of value within.
Benefits, features, and use cases are outlined on VestingCapsules.xyz.
And they are so simple to make. Just: Mint, Nest, Vest.
But what about OTC?
What about escrowed transfer?
Enter Escrow Capsules!
The fundamental ethos of Web3 and crypto is peer-to-peer, permission-less, trust-less, dis-intermediating technology.
In code we trust. Vires in numeris.
From this point of view, use of escrow agents is a security vulnerability that seems increasingly antiquated and redundant, as do escrow fees.
Charged Particles solves this. We offer permission-less, fee-free tech, to be your own escrow service — or more accurately, to let an NFT handle escrow.
OTC in 1 step, not 2.
Here’s how it works.
Creating Escrow Capsules
All 3 steps can be carried out in 3 minutes on Charged.fi. And can be performed on Ethereum or Polygon network.
- Mint the Escrow Capsule NFT
Make it simple, or jazz it up with artwork.
- Energize the Capsule with the tokens you wish to sell
As many ERC-20 and ERC-721 tokens as you are selling.
- Set the Price of the Capsule
Set price in ETH on app.charged.fi. Or if you prefer another currency, set the price on OpenSea, Rarible, LooksRare, etc.
You have put your crypto up for sale with an NFT acting as escrow. All that remains is for your buyer to purchase the NFT and release the tokens from inside the capsule.
Zero fees on Charged.fi.
Or the usual fees on other interoperable NFT platforms (2 - 2.5 %).
The Charged Particles community has even started a marketplace to list Capsules for peer-to-peer OTC sales…
About Charged Particles
Charged Particles is a protocol that allows users to deposit ERC-20, ERC-721, and ERC-1155 tokens into NFTs. A scarce NFT (e.g. Art, Collectible, Virtual Real Estate, In-Game Item, etc.) can now be transformed into a basket holding a number of other tokens. The Principal amount can be time-locked inside the NFT, and through integration with Aave’s aTokens, the programmable yield from these DeFi yield-generating assets is just a few clicks away.
Endless applications of DeFi NFTs!