EIP2615: Non-Fungible Token with mortgage and rental functions

[0xbuild3r]

This is a discussion purpose issue for an ERC proposal.
#2615
Implementation and detail are here.
https://github.com/kohshiba/ERC-X

[adrianmcli]

Here's the link to the EIP for convenience: https://github.com/ethereum/EIPs/blob/master/EIPS/eip-2615.md

Are there any plans to convert this standard to be compatible w/ ERC20?

[adrianmcli]

I think a comparison w/ real estate mortgages is helpful in understanding the usefulness of this EIP:

In a traditional mortgage, you stake your house as collateral to get a loan. While this is happening, you are free to use it (i.e. live in it). With current lending platforms on DeFi, you stake your tokens as collateral to borrow (other) tokens. While this is happening, those tokens are locked inside the platform with zero utility (e.g. you can't vote with them).

This EIP solves this problem by giving the ability for someone to have a "lien" on your collateral while letting someone else (e.g. you) retain user-ship rights to it (e.g. voting on MakerDAO).

[jcrain]

Seems related to rightshare

https://github.com/lendroidproject/Rightshare-contracts
https://rightshare.lendroid.com/

[mrpassiontea]

@kohshiba It's been almost an entire year. Any updates on this? Very interested in how this could be used in a rental setting.

[andreolf]

@kohshiba Any update on this from the ETH foundation? I am really to have to be reviewed and exited about being implemented

[MicahZoltu]

The Ethereum Foundation doesn't have much of anything to do with the EIP process. Each EIP is championed by an individual from the Ethereum Community.

[andreolf]

Thanks @MicahZoltu for the clarification. Do you have more information if this EIP has been accepted or what is the status?

[MicahZoltu]

You can see the current status here: https://eips.ethereum.org/EIPS/eip-2615
The same goes for any other EIP. That one is still just a draft, which means it is just "a documented idea".

[KKimos]

Why the lien holder is needed?

[github-actions]

There has been no activity on this issue for two months. It will be closed in a week if no further activity occurs. If you would like to move this EIP forward, please respond to any outstanding feedback or add a comment indicating that you have addressed all required feedback and are ready for a review.

[github-actions]

This issue was closed due to inactivity. If you are still pursuing it, feel free to reopen it and respond to any feedback or request a review in a comment.