What is DPL-302?
DPL-302 is a protocol designed for the Solana blockchain, creating non-fungible tokens (NFTs) that function as both unique digital assets and proportional shares in a pool of underlying tokens.
Named after the HTTP status code "302 Found," it symbolizes liquidity, providing a structure for NFTs that not only serve as profile pictures (PFPs) but also point to and manage an associated token pool.
Background: Solana's growth in the NFT sector has highlighted the need for a standard like DPL-302.
While the blockchain offers high performance, there wasn't a unified method to create NFTs representing token pool shares until now. DPL-302 fits within the broader Token2022 standard, enhancing functionality.
The goal is to merge the worlds of traditional NFTs and shares in token pools, enhancing utility, attracting new users, and simplifying token management for holders.
This standard particularly benefits DAOs by streamlining token interactions, and it aims to improve how wallets and exchanges handle and display information about these NFTs.
Details:
NFT Artwork and Metadata: Each DPL-302 NFT, while holding shares in a token pool, also features unique artwork compliant with existing standards for display as PFPs
Underlying Token Pool: Each NFT represents ownership in a pool of tokens. Metadata includes pointers to this pool's data, managed by specific functions within the DPL-302 program.
Outstanding Tokens and Pricing: Determining the value of each NFT involves knowing how many tokens are in circulation and the total value of the pool, facilitated by program functions that detail the pool's contents and the number of NFTs minted.
Token Redemption: Owners can redeem their NFTs for the value of their share in the token pool, with optional fees that can enhance the pool's value or benefit the creator.
Re-minting: This feature allows for re-minting redeemed NFTs, with a fee structure similar to redemption, potentially using SOL for ease of transaction.
Transfer Royalties: Like standard NFTs, DPL-302 tokens can have royalties on transfers, with distribution options similar to redemption fees.
Metadata Layout: Ensures compatibility with existing standards by including traditional NFT metadata alongside additional data for the token pool, fees, and voting power.
DAO Power: DPL-302 supports various voting power models within DAOs, from equal voting rights to professional management scenarios, tailored by setting a "vote_power" attribute for each NFT.
DPL-302 introduces a robust framework for Solana-based NFTs, enhancing their utility by linking them to token pools.
This standard could revolutionize how NFTs are perceived and utilized, offering liquidity, governance, and simplicity in token management, potentially reshaping the landscape for both users and developers in the blockchain ecosystem.
Named after the HTTP status code "302 Found," it symbolizes liquidity, providing a structure for NFTs that not only serve as profile pictures (PFPs) but also point to and manage an associated token pool.
Background: Solana's growth in the NFT sector has highlighted the need for a standard like DPL-302.
While the blockchain offers high performance, there wasn't a unified method to create NFTs representing token pool shares until now. DPL-302 fits within the broader Token2022 standard, enhancing functionality.
The goal is to merge the worlds of traditional NFTs and shares in token pools, enhancing utility, attracting new users, and simplifying token management for holders.
This standard particularly benefits DAOs by streamlining token interactions, and it aims to improve how wallets and exchanges handle and display information about these NFTs.
Details:
NFT Artwork and Metadata: Each DPL-302 NFT, while holding shares in a token pool, also features unique artwork compliant with existing standards for display as PFPs
Underlying Token Pool: Each NFT represents ownership in a pool of tokens. Metadata includes pointers to this pool's data, managed by specific functions within the DPL-302 program.
Outstanding Tokens and Pricing: Determining the value of each NFT involves knowing how many tokens are in circulation and the total value of the pool, facilitated by program functions that detail the pool's contents and the number of NFTs minted.
Token Redemption: Owners can redeem their NFTs for the value of their share in the token pool, with optional fees that can enhance the pool's value or benefit the creator.
Re-minting: This feature allows for re-minting redeemed NFTs, with a fee structure similar to redemption, potentially using SOL for ease of transaction.
Transfer Royalties: Like standard NFTs, DPL-302 tokens can have royalties on transfers, with distribution options similar to redemption fees.
Metadata Layout: Ensures compatibility with existing standards by including traditional NFT metadata alongside additional data for the token pool, fees, and voting power.
DAO Power: DPL-302 supports various voting power models within DAOs, from equal voting rights to professional management scenarios, tailored by setting a "vote_power" attribute for each NFT.
DPL-302 introduces a robust framework for Solana-based NFTs, enhancing their utility by linking them to token pools.
This standard could revolutionize how NFTs are perceived and utilized, offering liquidity, governance, and simplicity in token management, potentially reshaping the landscape for both users and developers in the blockchain ecosystem.
Traders shifted their attention to memecoins due to liquidity which caused NFTS to plummet.
— Bellalpz □□ (@bellaTLopez) November 3, 2024
DePioneers' DPL-302 protocol will solve this.
A thread □□ pic.twitter.com/TYmtUUsPdm
