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DeFi Saver Knowledge Base
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      • What are Flash Loans?
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      • Overview of Yearn
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      • What are Flash Loans?
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      • Migrating your Aave position(s)
      • Pendle Principal Tokens (PTs) on Aave
    • CurveUSD
      • What is LLAMMA in CurveUSD?
      • How do you create a loan in CurveUSD protocol?
      • Does CurveUSD charge any fees?
      • Is there a standard (hard) liquidation in CurveUSD?
      • What are bands in CurveUSD?
      • Why do I need a Smart wallet for CurveUSD?
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      • Compound Dashboard
      • Can I manage my existing Compound lending/borrowing portfolio using the Compound dashboard in DeFi S
      • How to earn and withdraw COMP tokens
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      • What is a Trove?
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      • How to stay protected from redemption risk in Liquity
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      • What are the key benefits of Liquity?
      • Does Liquity charge any fees?
      • What is a Stability Pool?
      • What is the "Debt-in-Front" value in Liquity?
      • How can I earn LQTY tokens?
      • Why do I need a Smart wallet for Liquity?
    • Liquity V2
      • Intro to BOLD
      • Borrowing Rates and Redemptions
      • Collateral Ratios
      • Troves as NFTs
      • Revenue Distribution and Forkanomics
      • LQTY Staking
      • DeFi Saver-supported Features
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      • Can I manage MakerDAO Vaults created using other apps at DeFi Saver?
    • Morpho Blue
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      • Reflexer Dashboard walkthrough
      • How can I start borrowing or leveraging using Reflexer?
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    • Spark
      • Spark Dashboard walkthrough
      • What is sDAI?
      • Liquidations in Spark
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  1. Protocols
  2. Liquity V2

Troves as NFTs

In Liquity V2, Troves are now represented as NFTs (ERC-721), which allows a seamless migration between wallets (both smart wallets and EOAs), management of multiple Troves from a single wallet, and enabling direct sales of positions on secondary markets (like OpenSea).

Transferring the NFT transfers full ownership of the Trove, including the debt, collateral, and associated settings like interest rates (that also further simplifies ownership delegation).

What is a zombie Trove?

A zombie Trove occurs when a redemption reduces a Trove's debt below the minimum threshold of 2,000 BOLD (or even to zero).

These Troves remain open but inactive, meaning the owner must close the Trove to withdraw any remaining collateral or increase the debt back to the minimum required amount.

Until then, Trove cannot be used for other actions.

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Last updated 3 months ago