Future income NFT streams

lets users sell their future stream revenue instantly

workings

• an user receives streaming funds out of a Superfluid SuperToken stream, e.g. as the promise for the work he's doing.
• the user wants to early access funds that haven't been streamed to him yet
• the user mints an NFT containing a SuperApp interface. The SuperApp callbacks will redirect the stream sink to whoever will own the NFT.
• the user sets an termination date for the NFT ("holder receives funds from the stream for the next 30d")
• the user sells that NFT on an open marketplace (manually prices it at the value the stream will accrue until the term. date)
• a buyer buys that NFT from the user. The SA callback redirects the SF stream to the new owner's address.
• The buyer can always decide to sell the NFT (at a price point matching the estimated remaining streaming revenues to others)
• The user may buy back their NFT from the buyer if they didn't need the money
• After the termination period the initial stream owner can claim back / burn their future NFT. that will reset the stream sink to their address / an address of their choice

why

• You find a cheap PFP NFT on OpenSea for 0.5 and you assume it to go up by 10x in 14 days. But you can't afford it now. You have a DAI stream that constantly is sending you your salary which will cumulate to 2E at the end of the month. You mint a future NFT with a termination date of 15 days (worth 0.51E) for 0.5E on the open market. You can buy the PFP NFT you wanted for 0.5E.

After 1w Your PFP NFT is worth 1E. You buy back your stream NFT stream back for 0.52E. You paid 0.02E for instantly borrowing 0.5E. The buyer earnt 0.02E.

Bonuses

It can be an NFT liq / financing use case

the loan isn't paid out to you directly but used to buy the PFP NFT on Opensea. It's then escrowed until the end of the termination period. If the stream suddenly stops (proof needed) (the buyer doesn't get the stream value they expected to get), the buyer can claim the NFT (a fraction worth of the remaining stream value according to the current NFT value)

Risk hedging.

In case the stream isn't fulfilled, future NFT holders may claim the defaulted difference from a staking pool of the protocol. Stakers can add funds (in the respective currency) to the protocol and receive fees. Fees are collected by the protocol when future NFTs are sold (erc2981). The protocol will use the locked / staked funds of risk hedging stakers to take over the streaming obligations. Aka stakers are liable for the streaming guarantees of the unknown inputs.

Notes

I wrote this mostly after reading their "official" exapmle code: https://github.com/superfluid-finance/protocol-monorepo/blob/dev/examples/budget-nft/contracts/BudgetNFT.sol ;)

UI

In terms of the UI we will need the following:

• an ability to buy/sell your NFT with streamed income (or I guess Opensea or any other NFT marketplace can be used for this matter)
• Ability participate in the insurance pool. Stake/Unstake funds and see the APY

Storyline

• DAO wants to give money to DAO contributors
• Using superfluid tokens to do this
• Working 30 days, receiving 2 ETH
• Benefits
  • DAO: Be an more attractive "employer"
  • Contributor: Have money upfront, get best "rate" vs. getting a loan from a bank

What do we need to build:

• NFT Contract (that has the functionality that diverts streams)
• Frontend
  • of user that shows all streams + button "create NFT out of streams"
  • of "investor": query the collection of NFTs (from Opensea; query from the contracts), display the metadata
  • other stuff: ?landingpage etc.?

SUBMISSION CONTENT:

Please proof-read / amend as required.
There is three text fields that we will need to fill.
I prepreared answers for the first two, however the third is technical and I would be glad if you could answer them.
Thank you!

1. A 280-character or less description of your project (it should fit in tweet!)

OPTION A:
⚡️ Sellary - Future income NFT streams built on Superfluid ⚡️
Receivers of Superfluid income streams can mint NFTs that control these inflows. Selling them on Opensea allows the initial receivers to access future income instantly! 🛸

OPTION B:
We enable people working in web3 to get their income instantly! Meet Sellary: Future income NFT streams built on Superfluid ⚡️⚡️⚡️
You wonder what the future of Superfluid might look like? Come and check out Sellary 🛸

OPTION C:
Superfluid does the next leap: Meet Sellary! Sellary brings future income streams instantly to receivers of constant flows. Our solution mints an NFT that can be sold on marketplaces. The buyer of this NFT receives all future constant inflows

OPtion D
Sellary allows freelancers, DAO contributors or employees to claim their streamed income instantly - by wrapping the future value of SuperFluid money streams into tradable NFTs.

2. Long Description
   Go in as much detail as you can about what this project is.

Sellary is a future income NFT protocol built on Superfluid. It enables money stream receivers to instantly exchange their money flows against their accumulated future value.

Assume Hacker “Pepe” currently works at Developer DAO and receives his wage as a real time income stream via Superfluid. Suddenly he stumbles upon a DeadFellaz NFT listed at 2 ETH, well below its collection's floor. If he had to wait until his streamed salary finally accrued sufficient funds to buy it, someone else would have sniped it before for sure.

How great would it be for Pepe if he could instantly get his income stream's value?! Sellary allows him to wrap his realtime revenue stream into an NFT and offer it to investors on public marketplaces. The token's initial price is determined by the underlying money flow rate and the duration Pepe wants to sell it for. Once an investor buys the token (potentially at a discount), Sellary delegates the stream's output to the respective new holder. Pete can use the proceedings to take the Deadfellaz bargain and make a profit from its developing market value.

Sellary provides instant liquidity and flexibility for money stream receivers. Realizing long term revenues as NFTs let employees benefit from much better interest rates and is dramatically more convenient than requesting credit at a bank. Investors can consider Sellary NFTs an attractive investment opportunity that's backed by an individual's salary.

Technically Sellary is an ERC721 contract that's controlling all stream flows for recipients. Entities ("employers") who'd like to offer the protocol's advantages to their employees stream collective funds to their dedicated Sellary treasury contract that controls the beneficiaries' income streams. A receiver can decide to wrap their stream into a Sellary NFT by just calling the contract's issueSalaryNFT function providing the desired duration the NFT should capture in value. After the NFT is minted, the original salary stream is replaced by a new income stream that's targeted at the first NFT holder. All subsequent transfers delegate the stream output to the respective new owners. After the NFT's lifetime has ended, the original salary recipient can claim back their original salary stream by burning the asset.

Potential extensions:

• Pooling. Instead of purchasing individual NFTs, multiple stream NFT representations are collected in a pool that investors can collectively invest into (like Uniswap)
• Investor's Insurance. Buyers can hedge against the risk of defaulting stream origins (i.e. by keeping 1% of NFT sales in an insurance pool)
• Multichain support. Integrate other chains, e.g. via Connext
• add EPNS support to be notified when an NFTs has reached its lifetime and can be claimed by the salary owner.
• Delegated claim burning: anyone can burn mature NFT streams and receive a small reward that's deducted from the NFT sales price.

How it's made

(Tell us about how you built this project; the nitty-gritty details. What technologies did you use? How are they pieced together? If you used sponsor technology how did it benefit your project? Did you do anything particuarly hacky that's notable and worth mentioning? How did you impress yourself which what your team built?)

Sellary is built on top of the Superfluid money streaming protocol. Our contracts rely on OpenZeppelin's primitives and we use Hardhat as our toolchain of choice for building, testing and deploying. Frontend-wise we make use of React / NextJS and decided to go with web3modal to connect to injected providers and WalletConnect.