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overview.md

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Overview

Once a protocol decides to run a quest, it creates a new Quest that will declare a finite number of Receipts that can ultimately be claimed for a Reward. Receipts are ERC-721 NFTs that are transferable but only claimable once per Quest. Individuals that complete the Quest action are given the ability to mint a Receipt to their wallet. They then can use the Receipt to claim the Reward in the future and any other potential usages.

Key Concepts

  • Receipts: An NFT (ERC-721) representing a receipt from completing an action defined in the Quest. These are originally minted to a participants EOA address and the amount of available Receipts is defined by the Quest contract. Receipts track ability to see if there is a reward to claim.
  • Rewards: A set of ERC-20 or ERC-1155 tokens custodied by the Quest contract, these are acquired in the Quest creation phase from the factory. These are originally transferred to the Quest contract on Quest Creation and transferred out during the claim Reward process.
  • Quest: The quest contract itself, which custodies the Rewards, defines the available Receipts, and ultimately manages the claim lifecycle for receipts and rewards. This can either be an ERC-1155 or ERC-20 reward.
  • Claim Reward: An (ungoverned) mechanism by which parties can claim reward tokens held by the Quest to themselves, these are claimable with an unclaimed Receipt.
  • Quest Deployer: Predefined accounts that have autonomous power to create Quests. Conventionally defined as RabbitHole, but will open up over time.