1/ V0: Aggregating sellers, forcing each to wait for a buyer
V1: Pooling buy and sell demand, but still fragmenting liquidity and pricing with many single-LP pools per collection
Elixir fAMM: Concentrating buy and sell demand for a entire collection into a one market ๐
2/ Elixir is where you:
1. Instantly sell NFTs ๐ฆ 2. Buy NFTs at the lowest prices ๐ธ 3. Exchange NFTs in that collection for free ๐
No more listing, waiting, and adjusting prices. And when you buy, you don't need to check other marketplaces for the best price.
3/ With the rise of no-royalty marketplaces, Elixir is taking the opportunity to properly align ecosystem incentives ๐ค
Elixir is the first community marketplace to recognize creators as stakeholders. Elixir will be governed and owned by creators, collections, and communities.
4/ Whatโs next?
The bull market is coming back and it will not look the same ๐ซก
Trading is just the beginning...
Borrow. Earn. Short. Open only to Nectar holdersโฆ for now ๐ฎ ๐ฆ
โข โข โข
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1. Get creators protected as quickly as possible ๐ก๏ธ 2. Minimize changes to NFTs ๐ ๏ธ 3. Keep NFTs *permissionless by default* ๐ค
Let's dive in ๐งต
2/
First, let's talk about issues with current proposals.
1. Make NFTs *permissioned by default*
2. Give unnecessary power to platforms that create NFTs (eg. launchpads)
3/
(1) Permissioned NFTs ๐
The current royalty enforcement proposals make use of *allowlists* to control bad actors. But allowlists = permissioned-by-default NFTs, which is antithetical to web3.
Imagine a @solana hackathon where every dev has to ask for permission first.