Droplets are fungible tokens representing NFT projects on Solana. They're just like any other Solana token like $USDC or $GRAPE. You can mint droplets by depositing your NFTs to their specific bucket.
Droplets are unique to every NFT project on the Solvent platform. For eg. Degen Ape Academy can have their fungible droplets on Solvent named $DAPE, or Galactic Geckos can have their droplets named $GECKO, and so on.
Here are some of the ways how droplets can be used:
- Swap droplets for any other Solana token like $SOL, $SBR, or $USDC.
- Each droplets will have its liquidity pool set up on AMMs like Cropper Finance or Cyclos.
- One can also swap droplets of one project for droplets of another project. For eg. Swap $DAPE for $SOL and then swap $SOL for $GECKO. Entering the exposure to any NFT project or exiting from any NFT project can be done swiftly.
- Droplets can be used for any other DeFi applications and protocols integrated with Solvent. For eg. imagine a scenario: Minting $PENG by depositing a Pesky Penguin, and then using those $PENG for borrowing stablecoins, or lending on Larix.