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On this page
  • Creating an EYWA DAO NFT
  • Calculating veEYWA:
  • Modifying an EYWA DAO NFT
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  1. CrossCurve DAO
  2. NFTs

CrossCurve DAO NFT

PreviousNFTsNextEYWA NFT Collection

Last updated 1 month ago

EYWA DAO NFT is an ERC-721 NFT created when EYWA tokens are locked in the.

Key features:

  • Attaching assets: Each EYWA DAO NFT can have EYWA tokens, Vesting Safes, and other EYWA NFTs attached to it.

  • Obtaining veEYWA: The obtained veEYWA is automatically tired to the corresponding EYWA DAO NFT.

  • Multiple ownership: A user can own an unlimited number of EYWA DAO NFT.

  • Summation of veEYWA: The total amount of a user’s veEYWA is equal to the sum of the veEYWA of all their EYWA DAO NFTs.

Thus, EYWA DAO NFT serves as a hub for managing your locked assets and voting power in the DAO, providing flexibility and scalability in project governance.


Creating an EYWA DAO NFT

When creating an EYWA DAO NFT in the Locker, you can lock EYWA tokens in various states When transferring to the Locker:

  1. EYWA tokens (standard ERC-20)

  • Ownership is transferred to the contract.

  1. Vesting Safe contracts with direct ownership (held in the user’s wallet)

  • Ownership of the Vesting Safe contract is transferred to the Locker.

  1. Vesting Safe contracts with ownership via an NFT (Vesting Safe contracts attached to an EYWA NFT)

  • The Vesting Safe is detached from an EYWA NFT and transferred to the Locker.

  • The EYWA NFT ownership is also transferred to the Locker.

  1. ERC-20 EYWA tokens with ownership via an NFT (EYWA tokens attached to an EYWA NFT)

  • Tokens are detached from an EYWA NFT and transferred to the Locker.

  • Ownership of an EYWA NFT is also transferred to the Locker.

Calculating veEYWA:

Restrictions when creating an EYWA DAO NFT

  • You cannot create an EYWA DAO NFT by adding an empty EYWA NFT to the Locker.

  • You can attach no more than 100 Vesting Safes and 100 EYWA NFTs to one EYWA DAO NFT.


Modifying an EYWA DAO NFT

You can modify an EYWA DAO NFT in several ways:

Adding additional EYWA tokens:

  • You can lock more EYWA tokens in any of the ways described above at the time of creating an EYWA DAO NFT.

Adding/attaching empty EYWA NFTs:

  • You can attach additional empty EYWA NFTs to an existing EYWA DAO NFT.

Removing/detaching EYWA NFTs:

  • You can detach an EYWA NFT from an EYWA DAO NFT, returning them to the user’s ownership.

Extending the lock duration of tokens:

  • You can extend the lock duration of already locked EYWA tokens to increase voting power.

The calculates the amount of veEYWA based on the total number of EYWA tokens locked, including both standard ERC-20 tokens and those in the Vesting Safe.

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