Introduction to Zoroaster
Zoroaster is a next-generation protocol providing specialized banking rails for Non-Fungible Tokens (NFTs). Built natively on the high-performance Robinhood Chain, the protocol aims to transform static digital artwork into dynamic, yield-generating collateral assets.
By treating creative intellectual property (IP) as credit-worthy assets, creators can secure liquidity without forfeiting their long-term ownership, capitalizing on both initial sales and smart contract-enforced royalty streams.
Key Elements
- NFT Custody Vaults: Secure smart contracts that hold assets securely while proving on-chain ownership.
- Instantly Collateralized Lending: Borrow stable asset pairs backed by the real-time valuation floor of creator collections.
- Automated Instant Royalties: Direct-to-wallet execution of royalty agreements instantly upon secondary trades.
Zoroaster Minting Standards
To enable bank-grade capabilities, Zoroaster utilizes the extended RHC-721B token
standard. This standard extends traditional ERC-721 by nesting valuation metadata, storage indices, and
licensing pointers directly within the contract state.
Key Features of RHC-721B
- Interoperability: Backward compatible with standard ERC-721 nodes.
- Embedded Royalty Index: The secondary sale distribution logic is baked into the contract bytecode, making bypass attempts mathematically impossible.
- Dynamic Appraisals: The minting standard allows external oracles to feed floor valuations to the contract to verify borrow capacity.
Liquidity & Vaulting Contracts
Zoroaster vaults are time-locked smart contracts designed to hold creative assets. When an NFT is deposited into a vault, the owner can chose to stake it for yield or request a credit line.
Staking Yield Mechanics
Yield is gathered from secondary trading fees collected on the Zoroaster marketplace. 80% of these platform fees are aggregated into a pool and distributed to active vault lockers proportional to the valuation of their staked assets.
Lending & LTV Rules
- Max LTV (Loan-To-Value): Up to 60% of the asset's floor price valuation.
- Interest Accrual: Compounded block-by-block. Current rate is set at a flat 4.2% APR.
- Liquidation Event: If the asset valuation floor drops such that the LTV exceeds 75%, the vault contract initiates a dutch auction of the asset to recoup loan balance.
Automated Secondary Royalties
One of the primary innovations of Zoroaster is its instant, smart-contract-level royalty distribution. In conventional marketplaces, royalties are optional and enforced off-chain. Zoroaster solves this by locking the payout address directly into the asset's minting contract.
Royalty Execution Flow
- A secondary buyer initiates a purchase transaction on the Robinhood Chain.
- The market router routes the purchase fee. Before final transfer to the seller, the router calls the
asset's
payoutRoyalty()method. - The royalty percentage is instantly deducted and pushed to the original creator's register address.
- The remaining balance is forwarded to the seller, and asset ownership is updated.
Commercial IP Licensing
Every Zoroaster minted NFT can have legal IP agreements attached to it. By binding standard commercial copyright licenses directly to the token ID, holders gain concrete, verifiable legal rights.
Supported Licenses
- Personal Use Only: Standard digital collectible display permissions.
- Commercial Merchandising: Permission to manufacture physical merchandise up to a certain financial threshold (e.g. $100k/year).
- Unlimited Commercial Rights: Complete transfer of copyright during the holding period of the NFT.