with a DeFi Roadmap
Instant liquidity | Upgradable traits | Diminishing supply
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Pawn Bots is an ever-evolving NFT project that allows for countless ways to upgrade your NFT on the way to becoming effective collateral to borrow against.
In an NFT world of locked liquidity, Pawn Bots are a first in NFT-as-collateral using the Hifi protocol. Once borrowing is deployed, you can unlock liquidity -INSTANTLY!
Royalties and project proceeds go into a liquidity pool and will be lent back to holders that wish to borrow! Coming soon.
Pawn Bots Reveal
Borrow (Coming Soon)
Don't sell your NFTs or wait for a stranger's conditions and terms to borrow against it. Access liquidity from your Pawn Bots instantly.
Melt Down and Forge
Phase I - Combine 2 Bots
Phase II - Ceramic White Body
Phase III - New Eyes, New Background, and New Screen
Phase IV - New Eyes, 3 New Backgrounds, New Screen, and New Body Color
Phase V - 2 New Eyes, New Screen, and New Body Color
Phase VI - 11 New Body Colors, 7 New Eyes, and 1 New Background with Pawn Bot Comic
What utility do Pawn Bots have?Forge: Keep 1, burn 1. Combine traits from any 2 Pawn Bots. Every Pawn Bot burned mints BURN token to your wallet. Visit forge.pawnbots.com Upgrade: Use BURN token for attribute upgrades. Check store.pawnbots.com for limited colors, accessories, and new traits! Borrow: The Hifi protocol will give holders a permissionless and automatic way of using Pawn Bots as collateral for instant liquidity. Coming soon!
How do I combine 2 Pawn BotsSubmit 2 Pawn Bots for Melt Down and Forge at forge.pawnbots.com The forge app will guide you through all possible combination options. Keep 1 Pawn Bot to adopt the final combination. Send 1 Pawn Bot to the burn wallet address.
How do I upgrade my Pawn Bots?New limited edition attributes will be introduced to the Pawn Bots Gene pool and available to purchase exclusively with BURN token. Visit store.pawnbots.com for available upgrades.
What is BURN token?Only 8888 BURN tokens can ever exist. The only way to mint BURN token is to burn a Pawn Bot via a forge request. Visit forge.pawnbots.com to combine any 2 Pawn Bots you currently hold. BURN token address: https://etherscan.io/token/0xdeadb071ab55db23aea4cf9b316faa8b7bd26196
When will borrowing begin and how will it work?Collection liquidity is essentially a pool of liquidity that operates much like existing DEX liquidity pools (think Uniswap), but will be purpose-built for NFTs. Lending Liquidity is a compounding liquidity pool that individuals can borrow from the community. Both of these liquidity pools will be a part of a future version of our Hifi Lending protocol and a separate NFT Liquidity infrastructure layer that will ship sometime after the upcoming HIFI token swap. At that time borrowing against your Pawn Bots NFTs will also become available and will not be contingent upon the collection achieving a set floor price.
Why would I want to borrow against my Pawn Bot?Collateralized loans let you tap into the liquidity of your digital assets. Where there is over $ 1 billion of locked liquidity in NFTs, Pawn Bots offers the option to instantly leverage your equity on fixed rates without having to sell your NFT.
Why Hifi?Instant liquidity. Hifi can provide instant liquidity to the NFT depositors once they deposit their NFTs. In the case of other borrowing solutions, the borrower has to wait for a peer to agree to an amount and terms, for the borrower to receive the liquidity.