1/10 We’re excited to launch Collection.xyz 🎨 today!
The first liquidity incentive protocol built to simplify the incentivization process for NFT AMMs like @Sudoswap.
Buckle up and let’s dive in! 🤿
2/10 Individuals who deposit into an NFT AMM (e.g. @Sudoswap) through Collection.xyz will receive a tokenized representation of their ownership.
These transferable tokens allow token bearers to control the pool and its underlying assets. 🙌
3/10 These tokens parameterize salient information about the pool to improve composability and enable use cases such as vaulting and incentivization of liquidity. 🚰
4/10 Collection.xyz provides and utilizes a reference implementation of vaults to enable LP token staking against vaults that incentivize liquidity.
5/10 A couple of firm believers in our project have agreed to fund the initial weeks of rewards to help bootstrap Collection.xyz vaults.
Check out the rewards for these NFT collections here: collection.xyz where reward emissions start on Oct 10 at 12 PM UTC.
6/10 We believe that NFT AMMs are here to stay.
However, the existing model does not tie well with ERC-20 tokens nor does it provide meaningful incentives over regular marketplaces.
With Collection.xyz, we hope to democratize liquidity incentives for all projects.
7/10 If you’re the owner of an NFT project who is planning for liquidity incentive campaigns, we’d be happy to chat and share more about why Collection.xyz is great for your community! 🍾
blog.collection.xyz/collection-xyz…
8/10 If you’re building data aggregators like @zerion_io, @zapper_fi, @ApyVision, @DeBankDeFi, @gemxyz, @geniexyz and would like to integrate Collection.xyz data 👇
Reach out to our team via DM @CollectionWeb3! 📲
9/10 If you’re an NFT trader, hodler, believer, connoisseur or fan 🦍 - give Collection.xyz a try and let us know whether you like it 😍 or hate it 😵💫.
And join our discord server to vote for next week’s NFT collections to get rewards on: discord.com/invite/TXEt2yg….
10/10 Being NFT collectors ourselves, we hope to help make all our favorite NFT collections better by building Collection.xyz and launching it to everyone in the community.
Now #LFG! ✊🌔🚀
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.