Inventory-as-Liquidity
Turn sleeping collectiblesinto productive assets.
Physical trading cards — TCG and sports — are vaulted, verified, and minted 1:1 as NFTs. Holders become liquidity providers: every pack draw, tournament, and loan built on the protocol consumes one shared inventory pool, and pays the people who supply it.
00In a binder
Graded, loved — and producing nothing.
01Vaulted
The card leaves the binder for an insured vault slot.
02Verified
Checked against its grade at intake. PSA / BGS only.
03Minted 1:1
One card, one NFT. The token is the claim on the card.
04Earning
Staked into the shared pool. Yield starts now.
The Why
The world's most passionate asset class is 100% idle.
Graded trading cards are a multi-billion-dollar market with real price discovery and deep culture. But as an asset, a card in a binder produces nothing — no yield, no utility, no liquidity beyond a listing.
02The closed market
Existing tokenization platforms put cards on-chain but keep the old market structure: the platform buys the inventory, runs the games, and keeps the margin. Supply is closed.
03The insight: open the supply side
The blind box becomes a two-sided market: supply meets demand through a protocol, not a purchasing department.
Thesis 01
Collectors → LPs
Holding stops being idle. Staked cards earn continuous base yield, sale proceeds, and buyback profit share.
Thesis 02
Inventory as liquidity
One shared pool of verified assets, consumed by every application, paid per use — AMM logic applied to non-fungible, real-world assets.
Thesis 03
Protocol, not platform
A minimal, opinion-free core; a permissionless edge where games, tools, and markets multiply.
Solution
Three layers. One clean division of labor.
The physical layer guarantees assets are real. The liquidity layer makes them productive. The module layer lets anyone build ways to consume them.
L1Physical Custody & Redemption
Graded cards enter insured vaults, are verified at intake, and minted 1:1 as NFTs. Burn the NFT, receive the card. Audited, provable, redeemable.
L2Shared Liquidity Layer
The protocol's heart: staking, module authorization, pricing and arbitration, settlement, and the LP yield engine. Every asset's full lifecycle is enforced on-chain.
L3Module Layer
Permissionless applications — pack draws, tournaments, lending, fractional launches — that consume the shared pool under protocol-enforced settlement rules.
L2 · Shared Liquidity Layer
Stake a card. Earn three ways.
LPs choose which assets participate in which modules. From the moment a card is staked, it earns — and when it is drawn, both possible outcomes pay.
AYield A · Continuous
Every game round pays a protocol rake. A fixed share is distributed to all cards in that round's draw pool, weighted by oracle value. A predictable, always-on APY — you earn without ever being drawn.
BYield B · Exit
A player draws your card and keeps it. You are paid at the settlement price: the higher of the oracle price and your reserve price.
CYield C · Best case
The player sells the card back at 90% of face value. The 10% spread is split between you and the protocol — and your card returns to the pool and keeps earning.
Pricing & arbitration
The oracle aggregates completed sales from major venues, takes a time-weighted median, strips outliers, and halts on abnormal moves. Disputes go to arbitration with every decision logged on-chain.
Built-in safeguards
Reserve price
Your card never settles below your floor.
Unstake cooldown
24–48h delay — no front-running the oracle.
Tiered pools
Assets pooled by value band and grade. Graded cards only.
L2 · State machine
The asset state machine
Every transition is a contract event. Nothing moves off the rails.
01Idle
Vaulted, unstaked
02Staked
In pool · earning base yield
03Locked
Drawn by a player
04Sold
Kept · LP paid at settlement
05Returned
Buyback · spread split → back to Staked
06Redeemed
Burn & ship — card leaves the vault
L3 · Module Layer
Permissionless to build. Opt-in to supply.
Anyone can deploy a module — no listing process, no BD deal, and no inventory required. What keeps that safe is a strict separation of powers:
01The protocol enforces · The rails
Randomness (VRF), settlement pricing, rake split and base-yield distribution, and asset state transitions. Modules cannot touch these.
02Developers define · The games
Game logic, entry pricing, session design, fee structure within protocol bounds, and the entire front-end experience.
03LPs control · The supply
Which modules may consume their assets. Authorization is per-asset, per-module, and revocable.
04Composable by construction
Modules share one inventory pool and one interface — so they stack. Fractionalized cards plug in as micro-LP positions, while collateralized cards keep earning base yield.
Pack Draws
Open a pack drawn from the shared pool.
Gacha Machines
Tiered machines backed by vaulted cards.
Prize Competitions
Skill and entry-based prize events.
Showdowns & Tournaments
Bracket play with real cards on the line.
Fractional Launches
Micro-LP positions in a single grail.
P2P Lending
Borrow against cards that keep earning.
+ Your module here
The long tail of modules we can't predict is the point.
L1 · Physical Custody & Redemption
Every NFT is a card in a vault. Provably.
01Intake
Whitelisted graded cards only (PSA / BGS). Each card is verified at intake and minted 1:1 upon custody.
02Storage
Insured, climate-controlled vault operations, periodic third-party audits, and on-chain proof-of-reserve.
03Redemption
Burn the NFT, receive the card. [Shipping regions, fees, and timelines — TBD]
04The hard rule
Mint only on intake. Burn only on outbound. On-chain supply always equals off-chain inventory.
Risk & Compliance
Designed for the failure cases.
01
Solvency
Buyback is a hard liability — backed by a dedicated reserve fund and per-module draw caps.
02
Market integrity
Per-user limits and sybil resistance prevent positive-EV promotions from being farmed at scale.
03
Prize-mechanic compliance
Free-entry paths where required, no complete-the-set mechanics, jurisdiction gating. [Final wording pending legal review]
04
Oracle safety
Time-weighted medians, circuit breakers on abnormal moves, and on-chain-logged arbitration.
Who it's for
Three doors. One pool.
01Collectors
Your binder becomes a book of yield
Set your floor, choose your modules, earn while you hold. Worst case: you sell above your reserve.
02DeFi users
No cards? No problem
Acquire official inventory NFTs backed by audited vault stock and earn the same three yield streams.
03Developers
Build card games without buying cards
Tap a shared, priced, verified inventory pool and pay per use.
The supply side is open.
Read the mechanism design, stake your first card, or ship the next module.