ERC-3525 primary sources — 2026-05-12

What I reviewed

Key takeaways from primary sources

  • ERC-3525 standardizes semi-fungibility through an <ID, SLOT, VALUE> model rather than through whole-contract balance accounting.
  • The slot is the key grouping primitive: tokens with the same slot keep unique IDs but can exchange fungible value.
  • The standard adds two especially important transfer modes: token-to-token value transfer within one slot, and token-to-address value transfer that resolves into a same-slot receiving token.
  • Approval becomes multi-layered: full-token authority, optional slot-level authority, and explicit value-level authority can all coexist.
  • Optional slot enumeration makes the semi-fungible namespace discoverable rather than leaving group structure entirely implicit.
  • Solv’s README makes the intended design space clearer than the EIP alone by emphasizing fractionalization, combination, computability, token nesting, programmable lockups, and structured-finance use cases.

Specific source signals worth retaining

  • EIP abstract and motivation: strongest sources for why the authors thought ERC-20 and ERC-721 each left a gap for quantity-carrying unique assets.
  • EIP transfer and approval sections: best sources for how semi-fungibility actually works operationally rather than rhetorically.
  • Slot enumeration and slot approval extensions: useful for understanding where discoverability and delegated control can sit in implementations.
  • Solv README: useful narrative source for why ERC-3525 became a structured-product and SFT primitive rather than only an NFT curiosity.
  • SFT white paper link: useful as the ecosystem-authored framing document even though the canonical standard remains the EIP.

Why this entry belongs in the corpus

  • It gives the tokenization cluster a clean lower-layer comparison point for semi-fungibility, tokenized balances, and quantity-carrying NFTs.
  • It helps separate slot-defined fungibility from partition-based rights segmentation and from bond-style class/nonce obligation modeling.
  • The durable insight is that many tokenized assets need both identity and quantity at once, and ERC-3525 makes that coexistence legible at the standard level.