Adding assets in vaults

Adding assets in vaults

What arrives. Each asset arrives represented by an asset claim token (ERC-721) that maps to a specific physical item held or being onboarded by you. The token itself does not grant rights until checks are complete.

Intake flow.

1. Receive the ERC-721 via safeTransferFrom into the locker contract.

2. Validate eligibility and record custody details, provenance evidence, and intake media. Store an attestation hash on chain and the evidence off chain.

3. Price equivalence is determined at deposit time. Let A_quote be the admitted asset’s valuation in quote currency, and let p be the pool price in quote per vault token. The vault mints total M = A_quote / p vault tokens, 90 percent to the depositor and 10 percent to the custodian for seeding. Emit a Deposited event with the values used.

4. The ERC-721 stays in escrow. There is no withdraw path for the depositor.

Konvi example. Konvi’s Watches vault accepts fractional or entire ownership in luxury watches over 50,000 dollars that were purchased through Konvi and were already audited at purchase. A holder can choose to deposit their ownership instead of buying vault tokens in the market and will receive vault tokens at an equivalent price using the formula above.