Liquid NFT is a marketplace protocol to provide fungible liquidity to non-fungible token (NFT) collections.
This repository is experimental and in progress. DO NOT USE in production.
The main goal of the protocol is to grant access to instant floor liquidity across all kinds of rarities in a collection. Additionally, the price differentiation is achieved through liquid listing and auction listing after the remaining value is sold.
When a user deposits an NFT, fungible collection tokens (ERC-20) representing these NFTs are issued to the depositor which can be traded directly on decentralized exchanges (DEXs), such as Uniswap, or provide liquidity to AMM pools. Mid-tier and rare items are treated equally from the liquidity perspective.