Fracada

Plutus dApp which enables users to fractionalize their NFTs.

Disclaimer

The code on this repository has not been audited. We don't recommend it using in production without a full security audit. Use it at your own risk!.

Protocol

This contract locks an NFT and mints a number of tokens representing fractions of it. To get the NFT back, the fraction tokens are burned.

The protocol has three steps:

1. Locking the NFT: The NFT is paid to the contract
2. Mint tokens: Fraction tokens are minted (must be run by the same person who performed step 1).
3. Return the NFT: Burning all the fraction tokens will allow the user to redeem the NFT back.