What is Infusion?
Brief Description
The process of bonding crypto-currency(s) to an NFT. Similar to how the logic behind AMM DEX’s works; infusion establishes a genesis market rate for a biathlete based on the weighted composition of their collateral vs their Mint. Infusion take place right before an athlete hosts an IAO. When tokens are fused/bonded, they will be taken out of public circulation & staked to the network as an LP token (established at the time of Infusion). At this state, Infusion has only been designed as a one way operation; however, as the project matures multiple models will be explored & made available over time.
Infusion happens in 2 ways within BitAstir.
Bitathletes stake $BITA before they IAO. Assuming the IAO successfully attaints its goals, the IAO is closed & those staked $BITA tokens bond with the ATHLETE-NFT.
Majority of BitAstir NFT’s will have an “infusion” parameter. This will allow its holder the right to allocate $BITA tokens to the OBJ-NFT, in turn giving it economic weight & characteristic.
What assets can BitAstir NFT’s be Infused with?
Initially, at the earliest stages of the project, all of the BitAstir NFT’s will be SINGLE-collateral with $BITA as the exclusive collateral form. As the project matures we will be introducing HYBRID-collateral & MULTI-collateral functionality for infusion. The HYBRID will allow for alternative assets to be infused *alongside some arbitrary amount of $BITA. Eventually, the MULTI-collateral module will allow for all digital assets should be Infusible.
How Much Does Infusion Cost?
The baseline Cost of infusion is intended to be stable across time, however variation will naturally arise with the introduction of complexity from the HYBRID/MULTI-collateral models.
**- Athlete IAO → 1 $BITA **- Astir OBJ → 1 $BITA
Originally Published
Last updated
