Pine Paper V2
  • Introduction
    • 🏕️Overview
    • 🤓Protocol Highlights
    • 📽️Feature Highlights
    • 🛣️Roadmap
  • 🌲Pine Protocol
    • Overview
    • Loan Structure
    • Loan Parameters
    • Loan Lifecycle
    • NFT Valuation
    • Protocol Fee
    • Compliance
    • Team
  • 🪄Pine Features
    • Pine Now Pay Later (PNPL)
    • Bid Now Pay Later
    • Bulk Borrowing
    • Pine Listing
  • 🔐Risk & Security
    • Credit Risk
    • Smart Contract Audit
  • 🌌Ecosystem
    • Overview
    • Pine Token
    • PineDAO
    • Age 1
    • Age 2
    • Age 3
  • 📚PINE GUIDES
    • Guides Overview
    • Borrowing
    • Lending (NFTs)
    • Lending (SFTs)
    • Pine Now Pay Later
    • Staking & Burning
    • Governance Voting
  • 🧙‍♂️FAQs
    • General
    • Borrowing
    • Lending
    • SFTs
    • Pine Now Pay Later
    • $PINE (Governance)
    • Troubleshoot
    • Resources
  • 💼We're hiring!
    • Open Positions
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  1. FAQs

SFTs

What are SFTs?

PreviousLendingNextPine Now Pay Later

Last updated 1 year ago

SFT stands for "Semi-Fungible Token." To understand what this is, we first need to understand two concepts:

  1. Fungible: Fungibility refers to items that are interchangeable. The classic example is money. One $10 bill is the same as any other $10 bill, so they're interchangeable or "fungible."

  2. Non-Fungible: Non-fungibility refers to unique items that aren't interchangeable. Think of rare collectible cards. Each card has a distinct value and features, so they're not interchangeable or "non-fungible."

Now, where does the "Semi-Fungible" part come in?

Semi-Fungible Token (SFT): An SFT combines the features of both fungible and non-fungible items. This means that within the SFT standard, there are items that are interchangeable (like the $10 bills) and there are items that are distinct (like the collectible cards).

According to the ERC-3525 documentation, the standard allows for both fungible and non-fungible tokens to be represented within a single smart contract. This can be helpful for projects that want to represent both types of assets without deploying multiple contracts.

To put it in a real-world context, imagine a concert ticketing system. General admission tickets are interchangeable (or fungible), but VIP tickets with specific seat numbers are unique (or non-fungible). An SFT could represent both types of tickets in one system.

In summary, an SFT according to the ERC-3525 standard allows for the representation of both fungible and non-fungible tokens in a single contract, giving developers more flexibility in how they create and manage digital assets on the blockchain.

To learn more check out:

Interesting in obtaining SFTs? Check out

https://docs.solv.finance/solv-documentation/getting-started/overview
https://v2.solv.finance/marketplace/basic-sft
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