As containers for digital assets, Vouchers are Financial NFTs that are minted on Solv Protocol.
The creation of Vouchers
Through the smart contract of Solv Protocol, digital assets like ERC-20 tokens and ERC-721 could be transformed into Financial NFTs as vouchers, which are fractionalized for quantitative operations such as split and merge, thus enabling various financial scenarios.
As the most notable quantitative operations of ERC-3525, split and merge enable various financial scenarios for Vouchers, compared to ordinary NFTs based ERC-721.
A voucher could be "Split" into 2 or more fractions of the same release parameters (value date, period, end date, and release ratio) and underlying assets of the original one. Once your split amount (maximum amount = unclaimed assets + locked assets) is settled, unclaimed assets and lock-up assets will be split by the split ratio (split ratio = split amount / maximum amount).
For example, you have a voucher with the value of 1000 (200 of which are available to be claimed, and 800 of which are still unlocked). To split this voucher, let's say your split amount is 600, you will get two different tokens after the split:
The voucher with the value of 400 (80 of which are available to be claimed, and 320 of which are still unlocked);
The voucher with the value of 600 (120 of which are available to be claimed, and 480 of which are still unlocked).
Vouchers could be merged when they have the same underlying assets and the same release parameters (value date, period, end date, and release ratio). All the vouchers are merged to the active token, and the token ID of the merged assets is the ID of the active token.