Node NFT Conversion & Secondary Market Creation

Objective

It’s time for the final proposal in our Node Evolution sequence, and this one’s a big one! With approved designs in place to adjust our emissions model for VPND rewards, turn off node creation, and also deactivate compounding and deposits (in the future) – it’s now time for the last step… converting your nodes to NFTs and creating a secondary market for them where they can be bought and sold in a responsible manner without eroding demand for VPND on the open market

With this last proposal we seek to gain the community’s approval to convert nodes into NFTs once our Unchained NFT Marketplace is online & ready for deployment. The Node Conversion and secondary market creation will happen right after or simultaneously with the deactivation of compounds & deposits – and the launch of the NFT marketplace

Proposed Changes

If approved, the following changes would be implemented at the same time as or just before we launch our upcoming NFT marketplace. Actual date of implementation to be determined, but our community would be given a 7-day heads-up unless otherwise communicated

Convert node assets into transferable NFTs

Establish a secondary market in our upcoming NFT Marketplace (Unchained NFTs) to enable node owners to buy and sell their nodes (to divest, or to grow their TVL after compounds/deposits are deactivated)

If this proposal is rejected and fails, nodes will not be converted to NFTs and node owners will be unable to sell or transfer their nodes after deposits and compounds are turned off.

Detail version of proposal: https://vaporfi633.sharepoint.com/:w:/s/VaporFi/Ed3UHQAlq_1EuMF-00bnCbABA2kdG2OmVF3S-CaEL4dytA?e=GMmJEH