How to Mint an FNFT time lock
Last updated
Last updated
For this tutorial, we will be locking 1 RVST into one FNFT for two days. We will be covering a simple configuration time-lock FNFT which will unlock on a specific date pre-determined by the User.
Connect your ERC20 wallet to https://app.revest.finance/mint by clicking "Connect Wallet" in the upper right hand corner of the User Interface.
Now that you have your wallet connected and are on the mint page, you have the option to mint a time-locked FNFT with a pre determined date. The UI will open up with 1 Token being locked into 1 FNFT as a default, the only thing left to choose at this point is the date that the FNFT will unlock allowing you to withdraw your tokens.
The above photo shows the unlock date and time, while also showing that we are minting 1 token into 1 FNFT.
At this stage, we are ready to mint. After confirming your FNFT configuration, scroll down and click "Approve" on the User Interface.
The MetaMask wallet will open after you have clicked "Approve". At this point we need to press "Confirm" in the MetaMask wallet. This will allow the Smart Contract to deposit your RVST tokens into the FNFT.
After confirming the transaction, the User Interface will show your transaction as "Approval Processing".
After the transaction has been completed, a green checkmark will appear and you are ready to mint your FNFT!
Now that you have submitted your FNFT to the Ethereum blockchain for minting, you will have to submit the final transaction using your MetaMask wallet.
Now that you have confirmed the transaction which will mint your FNFT on the ethereum blockchain, you are ready to view your first FNFT. You will be given a prompt by the User Interface that the transaction has been successfully confirmed on the blockchain. The message is telling you that the FNFT could take some time to appear on chain depending on network traffic, but it is usually visible in your gallery instantaneously.
After clicking "View FNFT, you will be taken to your Gallery where you can see all FNFTs you have minted and still hold in your Ethereum wallet address.
Once your Gallery has been updated on chain, you can click on an FNFT inside of it. After clicking on an FNFT, it will open up and show you more information, such as the date the FNFT was minted, and the date at which it will unlock. You also have option to send your FNFT to another address, and once the time lock has completed you can withdraw your assets by clicking "Withdraw" at the bottom of the page.
As you can see this is the FNFT we minted above with 1.0 RVST tokens locked inside of it until September 18th 2021. The lock in the upper hand left corner shows you that there is still one RVST token locked inside of this FNFT.
The final step is to withdraw your tokens from the FNFT once it unlocks on the date of September 18th 2021. It is still Sept 16th currently, so I have minted a different kind of FNFT which is based on a value lock and will be unlockable instantaneously in order to show case the withdrawal function. You will notice your FNFT is unlock able after it has changed from orange to green, it will also say "UNLOCKABLE" at the bottom.
To unlock your FNFT and withdraw the underlying assets, click on the green "UNLOCKABLE" FNFT, after that go to the bottom and click "Withdraw"
Now that you have confirmed your withdrawal, you will see "Withdrawing" at the bottom of your FNFT. After the transaction has completed, it will show say "Your NFT has been withdrawn" at the bottom of the screen.
Now that the underlying assets have been withdrawn from the FNFT, you will be able to find your RVST token (which had been previously locked), back inside of your MetaMask wallet. After withdrawing your tokens, the FNFT will no longer be visible inside of your Gallery.
