Cornell Tech and IC3 unveil Liquefaction on Oasis, enabling secure token borrowing—like Bored Apes—via Sapphire TEEs and temporary key access

Cornell Tech and the InterChain Foundation’s IC3 group introduced Liquefaction, a system designed to let users temporarily borrow or use blockchain assets without taking permanent ownership. The demonstration, described in Cornell material and an accompanying arXiv paper, uses a “take my ape” style example to show how an NFT such as a Bored Ape can be made available for use during a short borrowing window while the original owner retains long-term control. The core idea is to make digital assets more liquid by allowing limited, time-bound access through Oasis Sapphire’s trusted execution environments and temporary key access, rather than transferring the asset outright. According to the project description, this approach is meant to preserve security and ownership semantics while opening up new forms of borrowing, leasing, and delegated use for NFTs and other blockchain assets. That matters because it addresses a long-standing problem in crypto markets: many onchain assets are valuable but difficult to lend or share without exposing owners to theft, misuse, or loss of control.

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