Decent Glossary
| Term | Definition |
|---|---|
Creator HQ | All-in-one command center for smart contract building and management, powered by the Decent Protocol |
Software Development Kit | Set of tools that enables one to build on a specific protocol |
Base Module | Think of a base contract as a canvas. On its own, it can exist and serve a certain purpose, but with a little paint and creativity it is transformed into something much more interesting and valuable. Our contracts tagged “base” are just the foundation for your goals. |
Wrapper Module | A wrapper is a contract that can be added to any new OR already existing NFT collection. It “wraps” the collection with functionality without changing the internal smart contract code, similar to an addendum to a piece of writing. |
Hybrid Module | Hybrid modules are multi-contract modules. They include stacked feature elements of both base and wrapper contracts. |
Protocol | Set of rules that allows data to be shared between individuals |
Smart contract | Programs stored on the blockchain that start functioning when predetermined conditions are met |
ERC (Ethereum Request for Comment) | Type of smart contract approved by the Ethereum Foundation as a verified standard for its function |
AMM (Automated Market Maker) | System that allows users to trade digital assets automatically by using liquidity pools rather than traditional market structures |
Trustless | When something is “trustless” it means that the user does not have to rely on a third party to access their network |
Module | Building block or unit that can be combined with others to create a greater structure |
Network effects | When a product has “network effects” it means that the product gains additional value with more use |
Composable | Composable means the way that a system deals with inter-relationships of components. A highly composable system provides components (or modules) that can be selected and assembled in various combinations to satisfy specific user requirements. |
ERC20 | Fungible token standard. |
Editions (ERC721A) | Best in class NFT standard. Choose the number of assets you want in your collection and the price. Attach an image, song, or video. Set the supply to 1 for “1 of 1” releases. |
Rentable (ERC4907A) | Enable collectors to earn on their support by leasing NFTs for a fixed period of time. When one rents an NFT, an additional User role is added to the NFTs and granted to the renter for the specified period of time. |
Crescendo | Crescendo is a dynamic pricing mechanism - meaning the price of the asset changes depending on the amount in circulation. There is an AMM built into the Crescendo mechanism as well that allows holders to sell their NFTs at any time (automated liquidity). |
Treasury | Add a shared treasury to any existing collection. Customize the time period that the vault is locked. Upon time period expiry, NFTs in the collection can trustlessly claim their share of the tokens in the treasury. |
Treasury-backed | Launch a new NFT collection automatically backed by a time-bounded shared treasury. This is a multi-contract module, so set up is of an NFT release as well as a treasury at the same time. |
Staking | To improve and incentivize post-mint engagement, enable your collectors to lock their NFTs to earn rewards. As the creator of the collection, choose the ERC-20 token that you want to emit to your holders over time, as well as the rate at which tokens are distributed. |
Deploy function | |
Get function |
