Vault

Every DeFiShard NFT is associated with a unique vault, a smart contract designed to securely hold fungible tokens.

For each user, the typical process for minting a DeFiShard NFT involves the following steps:

Note: During the above transaction, apart from the actual minting price, a flat fee of 2 NEAR is applied, which is fully redeemable when the NFT is listed or burned. This specifies the true ownership of the user's assets.

The amount is set by default by the blockchain itself to secure the vault allocated to each user as part of deploying a single contract, preventing any kind of direct external attack.

Once the transaction is confirmed, the vault is automatically created, and the NFT is forged with a defined amount of tokens. This process ensures that each DefiShard NFT contains fungible tokens inside its associated vault, providing secure and efficient asset management.