Ember Protocol
Last updated
Last updated
The parties involved in Ember's solution are Lenders, Borrowers, Developers and in some cases, the Games.
1) Lenders choose a rental duration, price and permissions. Upon listing, the NFTs are deposited into Ember's vault Protocol. The application would recognize the vault as the owner of the NFT for the entire rental duration.
2) Adapters can be built by developers for any game, in return they earn fees per usage. Adapters specify the permissions that Lenders allow Borrowers to have over their assets.
3) The Ember wallet gives Borrowers the ability to interact with the NFT through adapters and the permissions they set, by simulating the ownership of the assets in the vault Protocol. This approach secures the assets of the Lenders, and allows them to set the terms of usage of their assets.
4) Games can integrate the Ember SDK for increased utility & features for their users, including the ability to borrow NFTs without the requirement for the Ember Gaming Wallet to be used, but the base lending and adapters are available for all NFTs, regardless of utility or type.
The Ember infrastructure is designed to enable zero adoption scaling for gaming and interaction with any game on the market without the need for integration from the games' developers. Our stacks allow for this zero adoption requirement.
Where lenders can “stake” their NFTs with specific parameters and adapter choices and enjoy the passive income without having to worry about any risks of loss or liquidation.
Which interacts with the games on behalf of the borrower while giving him no transfer right, which means we can achieve collateral-free lending and remain completely decentralized. This can be achieved with the help of the Ember NFT Wallet.
A customized wallet using the same mechanism as the most popular crypto wallets and with additional NFT specific features; built on the Metamask allowing for zero adoption with no integration needed by applications.
Adapters interact with the Vault and the Gaming Wallet and allow users to choose customizable permissions that the Borrower will have during the rental period. Adapters essentially whitelist or blacklist functions that the NFT can be used for.
Ember's architecture, including the Marketplace, Protocol and NFT Wallet allows for balance between security, decentralization & user experience as well as complete adaptability for current and future use-cases of NFTs. Ember is an infrastructure that is modelled and inspired after Layer 1 Chains, meaning that developers can use Ember to build tools & integrations for the NFT collections of their choice and earn from the usage of these tools for each rental.
This open-infrastructure approach means that the protocol can be scaled in a decentralized fashion and that current NFT use-cases and potential use-cases are available to be built by the developer communities of the respective games and applications. This also allows developers to explore NFTs and build tools that are adapted to the growing industry in which Ember operates. Ember's infrastructure makes Ember incredibly modular, flexible and adaptive to new developments in the NFT space and widens the horizons for users and developers to endless heights.
