Hello Guys, please anyone know how I could make an NFT to be used as a collateral on a contract, but it actually does not leave the owners wallet. The owner cannot transfer it elsewhere. It remains in the wallet

You need to have locking mechanism in NFT contract

I made a basic nft collateral and staking prototype a few months back, quit on it because I didn't wanna continue, but a simple way you can add value to nft using a combination of metadata and lockers then use/modify that nft for your usecase

that doesn't need the NFT to leave the wallet as user can allocate the value associated with the nft as collateral/rent/subscription/gas forwarding and keep the ownership of the nft...

Can I see how you implemented it??

it's me bob from a diff acc, I think I sent in the past

Sounds good. Though if I do this, then the platform wouldn't be able to accept other NFTs except they had this same mechanism coded into them too. I am thinking of a possibility of temporarily transferring ownership of the NFT.


But the issue is, once ownership is transferred, if such NFT is earning rewards somewhere, it might create a bug for platforms that check the reward basis from owner of NFT. Bug I mean, might make the rewards either come to me or just confused as to where it should go.

the deductions and all should be setup in controller so that the locker + the metadata are in sync with each other and one cannot be changed without changing others

Inside the NFt contract ?

check dm