Thread by @sudoswap

Announcing the public release of sudoAMM!

sudoAMM is a new marketplace protocol that changes the way we think about NFT liquidity and trading.

It is highly flexible, gas-efficient, and fully on-chain.

Today, users can:

1. Create pools that gradually buy or sell NFTs along price curves
2. Provide liquidity to pools that buy and sell NFTs to earn fees
3. Directly list their NFTs at fixed prices.

LPs also have full control over their pool's pricing, and can adjust at any time.

There are endless possibilities for new pricing models: LBP style curves, oracle-based price updates, adaptive trade fees, and more.

And thanks to sudoAMM’s modular architecture, we can add new price curves without impacting existing pools or curves.

Currently, the NFT market relies on centralized orderbooks that are subject to downtime and centralization risk.

sudoAMM changes that by being fully on-chain.

Anyone can source the same liquidity used by the sudoswap marketplace in their applications using just Ethereum.

The market structure for NFTs has been inefficient due to fees.

Buyers often need a price increase of 10% to just break even. Trading on sudoswap means you only pay a 0.5% fee versus the usual 7.5% (2.5% + 5% royalty) fee on other platforms, enabling better price discovery.

sudoAMM is written from the ground up to be gas-efficient for traders. Trading single NFTs is just as cheap as the most highly-optimized NFT swapping contracts, and when trading NFTs in bulk, sudoAMM can be up to 40% cheaper!

What’s next?

We’ll be releasing support for ERC1155, ERC20 token routing, and introducing more novel bonding curves and AMM management infrastructure.

To check everything out, head on over to: sudoswap.xyz/#/