Drops and testnets are the new narrative in the crypto market, which Blast has largely contributed to.

Typically, chains and protocols for dropping tokens and faucets use a combination of smart contracts and bots or sites, and it has to be done separately for each token.

Envelop offers a different approach.

Envelop is now offering any protocol on Blast to create such vaults for its testers for free.

Go to Envelop wrapper dApp

Set Advanced Wrap Mode.

You can leave the default settings or select your own if you want to set your own NFT metadata or choose the ERC-115 standard.

Add to the collateral any tokens your community may need. For an example, I'll take native ETH, ERC-20 tokens Envelop and Monoswap, and some NFT that can be minted here

Below you can set the time after which the user can remove the collateral from the vault and use the tokens, but keep in mind that until the end of the unlocking period the vaults remain liquid and can be transferred or sold permissionless at NFT Marketplaces. In this way you can estimate the demand for tokens by the volume of the secondary market. For example I set 10 days timelock.

Click the “Wrap” button and approve transactions.

Wait for NFT oracle to synchronize and you will see your vault. Our vault with 1246 token ID.

By clicking on the picture you can see detailed vault data.

Envelop is a collateral-backed and price discovery cross-chain protocol to provide NFT with inner value and liquidity.

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