Intro

Insrt is a protocol and a dApp (decentralized application) with a goal to make on-chain ownership more accessible and make any assets, that can be represented as NFTs, productive. With our new product, Perpetual Mints, existing asset holders can deposit their assets into Insrt to generate returns without market or oracle risk.

How Does It Work

Insrt allows users to have a mint-like experience, on-demand, for any asset that has been deposited in Insrt. There are two types of participants - Minters and Depositors**.** Depositors put their assets up for “minting” in order to generate returns, while Minters pay a small fixed fee to have a small chance of minting (i.e. winning) the deposited NFTs.

Mint fees are distributed to Depositors with the exact rate of return depending on:

  1. the level of risk the Depositors themselves select upon depositing the NFTs relative to the risk levels of other Depositors; and
  2. the minting activity taking place on the Minter side.

Initial Minter demand will be generated leveraging the existing 2,000+ Insrt Finance user base built up with our previous product, the ShardVaults. These users have already proven their interest in obtaining Bluechip assets and exposure to them, making them the perfect audience to want to mint Depositor NFTs.

Depositors can withdraw their NFT at any time from Insrt. Upon withdrawal, the user receives their NFT (presuming it has not been won) and their accrued fees. If a Depositor’s NFT has been won, they can only withdraw the fees. Additionally, a Depositor may withdraw solely their fees while leaving their NFT within Insrt.

NFT deposit screen with risks and rewards

NFT deposit screen with risks and rewards

Who Are We

We are a team of mixed DeFi and TradFi backgrounds, such as Truffle, Opyn, Olympus, Drift, dv01, UBS and Disney. Insrt Labs raised $2.2 million in SAFT round from the likes of Infinite Capital, Haskey Capital and others.

Before Perpetual Mints we built the ShardVaults, which let users acquire fractional NFT spot exposure combined with passive yield farming. With this product, we reached a TVL of c. $2 million and more than 2,000 users, 3,000+ Discord users and 17,000+ Twitter followers.

The Ask

We are looking for Bluechip asset owners to showcase our demo and gather feedback on the product. If you interested in finally having a new way to unlock your NFT's liquidity, please reach out to @lzminsky on Telegram.