We are excited to announce our partnership with JPEGd.io as our first primitive partner for both collateralization and capital deployment. Our first product, the ShardVault, is being built on-top of JPEG’d’s The Citadel, allowing for us to capture one of the highest ETH yields currently in the market.

Our partnership will create a synchronous relationship between protocols in order to drive NFT finance further.

What is insrt?

insrt finance is the one-stop solution for metaverse capital markets. We make it easy for retail, treasuries and institutions to take advantage of exposures for non-fungible assets, initially starting with jpegs.

The three pillars of the protocol built by the core team and the DAO are:

• Vaults, which are individual set-and-forget investment strategies

• Discovery, wherein the DAO researches and proposes new strategies on our base layer

• Infrastructure which unlocks new sources of liquidity, users or capital deployment within the space

Our first Vault, the ShardVault, provides spot exposure and passive yield-farming by using a bluechip NFT (initially Punks) as the underlying asset. Users buy a Shard to enter into a position. Each Shard represents a fraction of the underlying asset. ShardVaults have a governance mechanism, transparent analytics, and the positions are represented by NFTs, which open up several emergent use cases (secondary trading, LPing on Sudoswap, and so forth).

What is JPEG’d?

JPEG’d is an NFT collateralization protocol. It is deployed on Ethereum and was launched in early 2022. JPEG’d allows users to take out collateralized debt positions (CDPs) using their NFTs as collateral. Users, by levering up against their jpegs can mint PUSd or pETH which are JPEG’d’s derivative tokens.

The protocol is managed by their governance token $JPEG. Token holders can take part in PIP creation as well as voting.

The main mission over at JPEG’d is to bridge the gap between DeFi and NFTs. Eventually allowing any collection obtain lines of credit (LOCs) through collateralization of their NFTs.

Why the community should be excited.

Let’s jump into why our partnership is exciting.

insrt is the first and only protocol to have our smart contracts fully whitelisted for use on JPEG’d’s platform. This is ground-breaking as previously, only user-owned wallets could/would be able to interact on their platform. Through whitelisting, we are the only protocol that is capturing yield in an automated manner on JPEG’d.

How does this affect you? By entering in this partnership, we’ve now evened the playing field by offering substantially lower ticket prices into JPEG’d infrastructure. Rather than having your funds sit idly, they can now efficiently generate yield/profit.

For instance, Alice deploys her capital onto insrt through our systems and mechanisms while Bob does not. Over the course of a few months. Alice’s stack has grown n% due to yield and spot price appreciation vs. Bob who still remains at his initial stack. Simply by using our protocol, Alice has now received returns on her capital that otherwise would have been stagnant.

This is the power of putting your money to WORK.

Now you may be wondering, why can’t I just do this myself? Let’s break that down.

• Capital restraints, you may not have a sufficiently sized ticket to embed yourself on to JPEG’d.

• You may not own a JPEG’d card NFT with the cigarette attribute. What that means is that, you will not have access to boosts on credit limits or your liquidation ratios. (Currently sitting at a 10 wETH floor)

• We handle strategies end-to-end, no need to worry about risk management or micro-management of your position through our automations.

• We’re providing you unique ownership over your fractional position in the form of a ERC-721 token or NFT.

It is definitely pertinent to mention that, as it currently stands, our projected yield is one of the highest, if not, the highest ETH yield capturing products that will be on the market shortly.

How we help one another.

JPEG’d has offered their help in a variety of aspects in getting this partnership to where it is now. Both of our teams have been through a collaborative process of ensuring we put out the best product for our collective users:

By offering contracts whitelisting, they have given insrt the green light for automations to be built on-top of their products, right now and for the future. Our partnership will amount to a synchronous relationship between our protocols by driving demand from an entirely new demographic of users.

On top of that, JPEG’d will continue to offer their support behind us as this partnership begins to flower. Through contract integrations, insrt and JPEG’d are committed together on the ShardVault’s success.

Conclusion

To recap — insrt x JPEG’d is happening, it’s real and here to stay. Our teams will collaborate together to solve real problems the community is facing now. We know this is just step 1, we’ve grouped up together at base camp and the real ascent starts now 🚬🔑

From contracts to yield-gen automation and more, our relationship will continue to flourish into a prosperous partnership benefiting both parties. Looking forward to seeing which avenues we head down next but for now, ShardVault SOON.

Finally, we want to mention, our gratitude to the community and to the amount we’ve grown over the past months. None of what we’re doing is possible without the insrtoors and for that, thank you. We’re going to keep pushing everyday in order to deliver the greatest product to come out of 2022 for our users. That is all.

- Team insrt

Twitter: https://twitter.com/insrtfinance

Discord: https://discord.gg/insrt

Website: https://insrt.finance