NFT Perp — Decentralized NFT Futures Trading Platform

a short article on @nftperp where you can short or long different NFT collections with LEVERAGE

• how to use it
• available collections
• farming their native protocol token

whether you are bullish or bearish on NFT space this is a great way to capitalize on it

it is just like any other perps exchange;

— you chose the pair aka NFT collection in this case

— select a direction, long or short

— put in your collateral

— chose desired leverage

but how is the NFT prices are determined, in some collections floor is too thin?

NFT Price accuracy;

— True Floor Price as a tamper-proof NFT price oracle with robust statistics and backed by sales between real buyers and sellers in a given NFT collection

— in a simpler term, they use TWAP for accurate price calculation so a single floor TX doesn’t liq you

NFT collections;

— they have most of the popular collections available to go short or long

— BAYC, Azuki, Milad, Mutant Apes, Pudgy, Punks and Remilio are all available to trade with up to 50x leverage

— average daily volume for per collection is about 200–300 ETH

farming $NFTP

— currently they don’t have a token just yet

— through trading you can obtain VNFTP which is a voucher that can be redeemed 1:1 upon $NFTP launch

— there isn’t much info about their tokenomics but im sure it will have a real yield play aspect to it

whether you are bullish or bearish or just want to hedge your NFT holdings, this project will have a place in NFT/DeFi space and farming the token now could be a smart play

For more daily updates on crypto, trading, NFTs content please follow me on twitter → https://twitter.com/cryptopainzy