Introduction

Identity framework for managing dynamic NFTs composable across dapps

DegenHive implements an on-chain identity framework designed to manage dynamic NFTs composable across dapps supported on the platform.

Every unique user on DegenHive is represented by a HiveProfile object, which enables user to participate in governance and earn protocol yield on DegenHive. HiveProfile objects come with inbuilt-support for storing and trading HiveAsset NFTs, which can represent ownership of AI characters, assets, and other digital content on the platform.

AI-Powered Content and NFTs

At launch, degenHive's Front-End will support interacting with dynamic NFT's digitally created persona via an LLM model with prompts provided by the NFT's creator HiveProfile.

Honey Streams for a sustainable economy

Just like Bee colonies which farm honey as a food source that sustains the colony through winter and periods of adverse weather, DegenHive employs a honey stream powered "Lock-and-Burn" mechanics designed to onboard new creators, where the revenue generated by the protocol (in SUI or MOVE) is streamed into our BEE and HIVE AMM pools. Here, liquidity is perpetually locked, which should prove invaluable during harsh market conditions, providing a steady foundation for our community.

DegenHive's identity framework will be deployed as self-governed instances on both Sui network and Movement's M2 chain, with HIVE and BEE tokens bridged across instances on a 1:1 basis, with honey streams operating as following on both instances -

• On Sui Network: SUI earned as protocol earnings streamed to SUI-HIVE, SUI-BEE and SUI-degenSUI AMM pools

• On Movement M2: MOVE earned as protocol earnings streamed to MOVE-HIVE, MOVE-BEE and PCL AMM pools

LP tokens minted against liquidity addition are burnt, perpetually locking liquidity in these pools. This continuously growing locked liquidity in BEE and HIVE's AMM pools will promote growth and integration of DegenHive's identity framework across dapps built on Sui and Movement M2.

The dapp Store

Developers can build and launch dapps which can custody HiveAsset NFTs and are stored as Dynamic Object Fields on the user's HiveProfile.

As a POC, every user-address owned HiveProfile comes pre-installed with a SocialFi dapp named HiveChronicle which lets users farm BEE tokens based on content created and enagement earned on the HiveChronicle dapp.