nftperp and FloorDAO to establish a long term partnership by conducting a $100k valued treasury token swap at seed and treasury valuations respectively.
We are excited to announce our strategic partnership with FloorDAO. FloorDAO is a spot liquidity-boosting protocol built on NFTX, designed to bolster floor liquidity for NFT collections and allow liquidity providers and FloorDAO LPs earn yield.
Thus far, nftperp has partnered with FloorDAO on a few initiatives:
- Using the Uniswap v3 TWAP oracles seeded from FloorDAO, including
a. PUNK (CryptoPunks)
b. MILADY (Milady Makers)
c. BGAN (Bastard GAN Punks v2)
- Running a MILADY perp trading competition on testnet, awarding the top MILADY traders with NFTs and ERC20 prizes.
- Inviting FloorDAO $gFLOOR voters to participate in the private mainnet launch.
nftperp is long-term bullish on FloorDAO’s unique ability to thicken NFT collection spot liquidity. Formalizing this partnership will allow the two projects to grow together and utilize each other’s tokens in strategic ways:
- For nftperp, holding $gFLOOR (and in the future $veFLOOR) will allow us to directly influence where spot liquidity is deployed, further strengthening a key component feeding into the NFT perpetual oracle prices indexes.
- For FloorDAO, holding $NFTP will provide upside in the growth of NFT perpetuals, as well as future project utility with the token such as influence on which market pair should be listed on nftperp.
Specifications
$NFTP valuation: We will be using the seed valuation of $17m FDV, for an approximately 0.59% share or 5,882,352 $NFTP.
Note: these tokens have a 6 month cliff after Token Generation Event (TGE) and followed by 1 year vest thereafter.
$FLOOR valuation: FloorDAO will be using the treasury valuation of about $6m (treasury value + POL ETH), and issuing DAO-owned tokens for additional inflation of about 1.67% of circulating supply.
Follow FloorDAO
There’s a lot to be excited about in the fast-growth world of NFT-Fi, come and join one of the leading DAOs in this industry and help shape the future of NFT liquidity and yield.
Follow nftperp
nftperp is a perpetual futures exchange for NFTs that tracks the floor prices of NFT collections. So for the first time ever, degens like yourself can speculate and take long or short trades on these NFT collections.
