1/ ☀️ Gm
📢 Introducing #AlphaBuyWall (ABW), a smart contract that allows anyone to bid for NFT, and provides a ⌊price floor⌋ for NFT.
📢 Introducing #AlphaBuyWall (ABW), a smart contract that allows anyone to bid for NFT, and provides a ⌊price floor⌋ for NFT.
https://twitter.com/AlphaFinanceLab/status/1432774137483726853
2/ Why sell on ABW?
As NFT holder, selling your favorite avatar is a PAIN with existing tools. You will have to set sell price and wait for buyers.
Worst case = you wait for weeks and keep being frontrunned by other sellers. 😢
On ABW you sell via smart contract at any time.
As NFT holder, selling your favorite avatar is a PAIN with existing tools. You will have to set sell price and wait for buyers.
Worst case = you wait for weeks and keep being frontrunned by other sellers. 😢
On ABW you sell via smart contract at any time.
3/ Why buy on ABW?
Currently to get a hold of trending NFTs, you'll need to keep refreshing the browser until someone decides to sell their bag. If the price is cheap enough then you scoop it up.
NGMI 😔
ABW is a faster and cheaper way to bid for your favorite NFT collections
Currently to get a hold of trending NFTs, you'll need to keep refreshing the browser until someone decides to sell their bag. If the price is cheap enough then you scoop it up.
NGMI 😔
ABW is a faster and cheaper way to bid for your favorite NFT collections
4/ 💪 So, how does ABW work?
There are two main parties:
🏷 Bidders. Lock ETH and bid for their favorite NFT collection. If matched, the locked ETH is exchanged for the matched NFT.
💰 Sellers. Match with the best price and instantly sell their NFTs to gain liquidity.
There are two main parties:
🏷 Bidders. Lock ETH and bid for their favorite NFT collection. If matched, the locked ETH is exchanged for the matched NFT.
💰 Sellers. Match with the best price and instantly sell their NFTs to gain liquidity.
5/ 👏 Benefits of ABW:
- Sellers gain Instant access to liquidity.
- No slippage exchange.
- Orderbook is fully on-chain.
- NFT price floor discovery.
- Sellers gain Instant access to liquidity.
- No slippage exchange.
- Orderbook is fully on-chain.
- NFT price floor discovery.
6/ @NFTX_ presents a solution to instant liquidity, but there are some drawbacks:
- High price impact (10%+) for claiming/selling NFT, e.g. PUNK.
- Supply-side requirements. If not many NFTs are locked, circ liquidity will be very low ➡️ very high slippage when trading.
- High price impact (10%+) for claiming/selling NFT, e.g. PUNK.
- Supply-side requirements. If not many NFTs are locked, circ liquidity will be very low ➡️ very high slippage when trading.
7/ @fractional_art is another possible solution, but they also have issues:
- No instant liquidity. Fractional token holders need to vote on the reserve price before it can be sold.
- Single token. Each NFT is executed separately, and doesn’t solve the NFT floor price.
- No instant liquidity. Fractional token holders need to vote on the reserve price before it can be sold.
- Single token. Each NFT is executed separately, and doesn’t solve the NFT floor price.
8/ Hence, ABW. 👷🧱🧱🧱➡️🏡
Any comments, ideas and feedback are welcome!
Follow the discussion thread here: dao.alphafinance.io/proposal/discu…
Any comments, ideas and feedback are welcome!
Follow the discussion thread here: dao.alphafinance.io/proposal/discu…
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