> For the complete documentation index, see [llms.txt](https://docs.doma.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.doma.xyz/programmable-dns/unique-ownership-models.md). # Unique Ownership Models ## Beyond Traditional Domain Ownership Traditional domain ownership follows a simple model: one registrant owns and controls the domain entirely. Doma Protocol enables **entirely new ownership paradigms** that have never existed in the domain industry, unlocking financial utility and accessibility for a previously illiquid asset class. ## Shared Ownership The launchpad contracts, along with the composer module, enable shared ownership by converting domains into fungible ERC-20 tokens: * **Accessible Investment:** Premium domains worth $100K+ become accessible through fractional shares * **Transparent Price Discovery**: True market driven price discovery can be achieved. * **Liquidity Without Selling:** Access capital without relinquishing valuable domain assets * **Portfolio Management:** Trade domain tokens like other fungible assets * **DeFi Integration:** Fractional tokens can participate in liquidity pools and lending protocols ## Rights-Based Ownership Through synthetic tokens, ownership can be decomposed by capability rather than percentage. Different parties can own different rights to the same domain: * One entity owns subdomain creation rights * Another owns DNS management capabilities * A third owns email configuration authority * Primary ownership token holder retains renewal and transfer rights --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://docs.doma.xyz/programmable-dns/unique-ownership-models.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.