The Visor NFT Smart Vault is a user-controlled, non-fungible token (ERC-721), that allows users to interact with decentralized finance (DeFi) protocols without relinquishing custody (non-custodial) of the user's assets to the protocol.
The Visor NFT Smart Vault is an upgradeable platform and compatibility layer within the emerging DeFi ecosystem built on the UniversalVault standard developed by the Alchemist project.
The NFT Smart Vault has several advantages for the user.
The NFT Smart Vault is fundamentally a non-custodial approach that decreases smart contract risk. The NFT Smart Vault also allows networks of smart vaults to unlock & transfer liquidity via gasless cryptographic signature, saving gas fees. The NFT Smart Vault allows users to lock assets to a number of simultaneous liquidity mining rewards programs.
The NFT Smart Vault has several advantages for the protocol.
The NFT Smart Vault contract allows for the introduction of updates and extensions to the NFT Smart Vault without breaking compatibility across rewards platforms. New Universal Vault contract templates can be chosen for minting new versions of the Visor NFT Smart Vault.
GitHub - VisorFinance/visor-core: The DeFi protocol for Active Liquidity Management. Building on Uniswap v3.