IntswapMajor NFT Marketplace Overview
In the past few years, dozens of #NFT marketplaces targeting different user groups have emerged, aiming to build communities around themselves with their own unique characteristics. 👀Let’s take a look at the comparison of the 6 major NFT marketplaces👇OpenseaOpensea is currently the largest and most popular NFT Marketplace , and one of the only NFT marketplaces with a dedicated mobile app. However, there are three main problems : 1️⃣Opensea has a low degree of decentralization and does not i...
IntswapFour mountains hindering the development of the NFT industry
Taking the bankruptcy of FTX as a signal, the crypto market as a whole has entered the bottom of the bear market. Compared with DeFi projects, the NFT track does not seem to have stopped. When it comes to NFT, Opensea is bound to come to mind. As the largest NFT trading market, Opensea’s recent approach has caused an uproar, with mixed reviews from users. On November 8th, Opensea announced the launch of a new tool for enforcing creator royalties on the chain, using smart contracts to enforce ...
Intswap(2/2) What is INTSWAP
Intswap is the first multichain NFT AMM enables LP Mining by staking NFT/FT LP Tokens to earn compound trading fee, royalty fee and beyond. Intswap has three core designs making it more competitive, including aggregated Liquidity Providers (LPs), Dynamic Concentrated Liquidity and Liquidity Mining incentive for NFT LPs. Hence, as an innovative NFT AMM, Intswap has the characteristics of noncustodial, higher capital efficiency and better trading experience. In addition, it brings a more sustai...
Intswap is the 1st Multi-chain NFT AMM Protocol enables LP Mining to earn compound trading fee, royalty fee and beyond.
IntswapMajor NFT Marketplace Overview
In the past few years, dozens of #NFT marketplaces targeting different user groups have emerged, aiming to build communities around themselves with their own unique characteristics. 👀Let’s take a look at the comparison of the 6 major NFT marketplaces👇OpenseaOpensea is currently the largest and most popular NFT Marketplace , and one of the only NFT marketplaces with a dedicated mobile app. However, there are three main problems : 1️⃣Opensea has a low degree of decentralization and does not i...
IntswapFour mountains hindering the development of the NFT industry
Taking the bankruptcy of FTX as a signal, the crypto market as a whole has entered the bottom of the bear market. Compared with DeFi projects, the NFT track does not seem to have stopped. When it comes to NFT, Opensea is bound to come to mind. As the largest NFT trading market, Opensea’s recent approach has caused an uproar, with mixed reviews from users. On November 8th, Opensea announced the launch of a new tool for enforcing creator royalties on the chain, using smart contracts to enforce ...
Intswap(2/2) What is INTSWAP
Intswap is the first multichain NFT AMM enables LP Mining by staking NFT/FT LP Tokens to earn compound trading fee, royalty fee and beyond. Intswap has three core designs making it more competitive, including aggregated Liquidity Providers (LPs), Dynamic Concentrated Liquidity and Liquidity Mining incentive for NFT LPs. Hence, as an innovative NFT AMM, Intswap has the characteristics of noncustodial, higher capital efficiency and better trading experience. In addition, it brings a more sustai...
Intswap is the 1st Multi-chain NFT AMM Protocol enables LP Mining to earn compound trading fee, royalty fee and beyond.
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The rise of DeFi has ushered in a revolution in digital finance. Through the free creation of liquidity pools through AMM, liquidity can be greatly improved and more value can be unlocked. With the rapid development of the NFT market, more and more attention has shifted to the NFT market, and NFT-based financial derivatives are also emerging in an endless stream.
The emergence of NFT marketplace facilitates NFT transactions, but the lack of liquidity of NFT still plagues many users.
In order to improve liquidity, the NFT track has made various attempts, and the emergence of NFT AMM has perfectly solved NFT liquidity and opened a new chapter of NFT-Fi.
NFT AMM is decentralized alternatives to off-chain order book centralized NFT marketplaces like OpenSea, X2Y2, or Magic Eden, primarily utilizing liquidity pools to enable frictionless and low-cost transactions.
Anyone can add liquidity to it on the chain and earn certain transaction fees.
To put it simply, NFT AMM can quickly complete batch transactions and execute them completely on the chain. At the same time, users can establish a bilateral liquidity pool for buying and selling to obtain income. Gas will be lower due to sufficient liquidity.Gas will be lower due to sufficient liquidity.
The AMM mechanism introduces the financial gameplay of NFT market makers. When the liquidity is sufficient, transactions can be completed at any time, forming a support for NFT and helping long-tail NFT to obtain value.
To be clear, NFT AMMs ignore the rarity and attributes of NFTs and aim to increase the liquidity of the NFT market. The goal of NFT AMMs is to become the liquidity layer of NFTs, complement traditional markets, and provide a series of decentralized financial services to all NFT users.
Compared with traditional order book matching NFT trading markets such as Opensea, the advantages of NFT AMM are:
Fully decentralized and executed on-chain. Compared with the highly centralized execution of traditional NFT trading markets such as Opensea, NFT AMM can achieve complete on-chain operations and decentralization.
Transactions are swift. In the traditional NFT market, if you want to sell NFT, the time is uncertain. It is very difficult to sell quickly, and NFT AMM can buy, sell and trade NFT in real time.
Transaction costs are low. Since there are a large number of NFT liquidity pools gathered in the NFT AMM, the liquidity is very high, which will make your transaction gas very low.
Buy and sell in bulk. In the traditional market, you can only buy one by one for buying, which consumes multiple gas fees, and you can only place orders one by one for selling. In the NFT AMM market, batch buying and selling transactions can be easily completed, and only a gas fee is required.
Arbitrage opportunity. NFT AMM can be bought and sold quickly, so users can effectively arbitrage when prices change.
With the rise of NFT AMM, many NFT AMMs appeared in the NFT market. Sudoswap is the leader of the NFT AMM track, and then imitations such as hadeswap and Tensor appeared. Such projects did not have much innovation in the mechanism of Sudoswap. Granular , Herculeswap and other projects have designed some differences.
Sudoswap
Sudoswap provides NFTmarketplace with an innovative solution — — — NFTAMM, which solves the unsolved NFT liquidity problem in the NFT trading market. Both buying and selling and providing liquidity can be completed, and the same NFT has multiple liquidity pools. At the same time, NFT project parties can also establish a liquidity pool in sudoswap to provide liquidity for their own NFT. In addition, Sudoswap supports zero royalties, which has also been a matter of debate in the community.
Hadeswap and Tensor are also newcomers to the NFT AMM track, but their mechanism is similar to Sudoswap, so I won’t explain them one by one.
Granular
Granular aims to create a low-gas NFT AMM that can better assess the value of NFTs. In Granular, each NFT collection has a “main pool”. Buying and selling NFTs and LPs of the same collection need to go to the same main pool, and there will be different prices in the NFT “main pool”. That is to say, each The “main pool” is actually composed of multiple “sub-pools”, and each “sub-pool” has its own bonding curve.
Granular believes that the existing NFTAMM market seriously ignores the rarity of NFTs. In order to solve this problem, Granular divides the “desirability score” of NFT collections. The lower-scoring sub-pool mainly contains the underlying NFT assets, and the higher-scoring sub-pool contains high-quality assets.
One question we need to think about is: whether blue-chip, high-quality NFT projects need to improve liquidity. At present, it seems that holders of high-quality NFT projects are more inclined to collect or place high-priced orders in the traditional NFT market, and NFT AMM is not an option for this type of NFT.
Herculeswap
Similar to the NFT AMM above, Herculeswap is also an NFT AMM that allows users to trade NFTs in the liquidity pool. Creators can issue NFTs on Herculeswap, and users can also establish NFT liquidity pools to earn income.
Herculeswap believes that the existing problems in the NFT AMM market are the volatility of LPs and the lack of initial funds in the liquidity pool. Therefore, in order to protect investors and support real creators, NFT creators need to lock a certain percentage of mint revenue in the liquidity pool to provide initial liquidity; if the project mint fails, mint fees will be returned to investors
However, there are generally three mistakes in the existing NFT AMMs in the market: insufficient liquidity concentration, single and non-optimal price curve, and LP lack of incentives.
First, the so-called centralized liquidity of NFT AMMs in the market requires active liquidity management by liquidity providers. Each LP has a liquidity pool and sets a reasonable price range for it. This does improve liquidity, but is not the most liquid solution. Although the prices of multiple liquidity pools are concentrated, they do not all overlap. In fact, there is liquidity dispersion, and liquidity providers have not reached aggregation.
Second, the price curve is not optimal. The price is controlled by the proportional algorithm and the differential algorithm. Multiple NFT buying and selling price ranges are fixed, and the price difference between batch purchases cannot be flexibly reduced, which virtually increases transaction costs.
Third, LP lacks incentives, and the unstable arbitrage model cannot bring sustained high returns to LP providers.
Intswap is a decentralized NFT AMM protocol. Based on the current NFT AMM in the market, we have solved the shortcomings of the above-mentioned AMM mechanism and created a brand new NFT AMM mechanism.
First, Intswap realizes the NFT AMM of aggregated LP, which not only ensures simple operation and low practical cost, but also greatly enhances the interoperability of the protocol, and has great potential for network value. Each NFT collection has only one liquidity pool, effectively realizing LP aggregation and higher liquidity.
Second, through innovative algorithm design, Intswap has achieved centralized liquidity and created an optimal price curve, making its AMM more in line with the transaction characteristics of NFT Marketplace, with less slippage and lower transaction fees for users.
Third, Intswap has designed a modular NFT LP incentive platform, and designed two specific incentive strategies. Intswap’s LPs can participate in profit sharing by stake LP Token, increasing the LP’s continuous income.
In addition, regarding royalties, Intswap believes that instead of debating whether to charge royalties, it is better to think about how to optimize the use of royalties.
Intswap is doing the most meaningful thing for the NFT market, so stay tuned!
The rise of DeFi has ushered in a revolution in digital finance. Through the free creation of liquidity pools through AMM, liquidity can be greatly improved and more value can be unlocked. With the rapid development of the NFT market, more and more attention has shifted to the NFT market, and NFT-based financial derivatives are also emerging in an endless stream.
The emergence of NFT marketplace facilitates NFT transactions, but the lack of liquidity of NFT still plagues many users.
In order to improve liquidity, the NFT track has made various attempts, and the emergence of NFT AMM has perfectly solved NFT liquidity and opened a new chapter of NFT-Fi.
NFT AMM is decentralized alternatives to off-chain order book centralized NFT marketplaces like OpenSea, X2Y2, or Magic Eden, primarily utilizing liquidity pools to enable frictionless and low-cost transactions.
Anyone can add liquidity to it on the chain and earn certain transaction fees.
To put it simply, NFT AMM can quickly complete batch transactions and execute them completely on the chain. At the same time, users can establish a bilateral liquidity pool for buying and selling to obtain income. Gas will be lower due to sufficient liquidity.Gas will be lower due to sufficient liquidity.
The AMM mechanism introduces the financial gameplay of NFT market makers. When the liquidity is sufficient, transactions can be completed at any time, forming a support for NFT and helping long-tail NFT to obtain value.
To be clear, NFT AMMs ignore the rarity and attributes of NFTs and aim to increase the liquidity of the NFT market. The goal of NFT AMMs is to become the liquidity layer of NFTs, complement traditional markets, and provide a series of decentralized financial services to all NFT users.
Compared with traditional order book matching NFT trading markets such as Opensea, the advantages of NFT AMM are:
Fully decentralized and executed on-chain. Compared with the highly centralized execution of traditional NFT trading markets such as Opensea, NFT AMM can achieve complete on-chain operations and decentralization.
Transactions are swift. In the traditional NFT market, if you want to sell NFT, the time is uncertain. It is very difficult to sell quickly, and NFT AMM can buy, sell and trade NFT in real time.
Transaction costs are low. Since there are a large number of NFT liquidity pools gathered in the NFT AMM, the liquidity is very high, which will make your transaction gas very low.
Buy and sell in bulk. In the traditional market, you can only buy one by one for buying, which consumes multiple gas fees, and you can only place orders one by one for selling. In the NFT AMM market, batch buying and selling transactions can be easily completed, and only a gas fee is required.
Arbitrage opportunity. NFT AMM can be bought and sold quickly, so users can effectively arbitrage when prices change.
With the rise of NFT AMM, many NFT AMMs appeared in the NFT market. Sudoswap is the leader of the NFT AMM track, and then imitations such as hadeswap and Tensor appeared. Such projects did not have much innovation in the mechanism of Sudoswap. Granular , Herculeswap and other projects have designed some differences.
Sudoswap
Sudoswap provides NFTmarketplace with an innovative solution — — — NFTAMM, which solves the unsolved NFT liquidity problem in the NFT trading market. Both buying and selling and providing liquidity can be completed, and the same NFT has multiple liquidity pools. At the same time, NFT project parties can also establish a liquidity pool in sudoswap to provide liquidity for their own NFT. In addition, Sudoswap supports zero royalties, which has also been a matter of debate in the community.
Hadeswap and Tensor are also newcomers to the NFT AMM track, but their mechanism is similar to Sudoswap, so I won’t explain them one by one.
Granular
Granular aims to create a low-gas NFT AMM that can better assess the value of NFTs. In Granular, each NFT collection has a “main pool”. Buying and selling NFTs and LPs of the same collection need to go to the same main pool, and there will be different prices in the NFT “main pool”. That is to say, each The “main pool” is actually composed of multiple “sub-pools”, and each “sub-pool” has its own bonding curve.
Granular believes that the existing NFTAMM market seriously ignores the rarity of NFTs. In order to solve this problem, Granular divides the “desirability score” of NFT collections. The lower-scoring sub-pool mainly contains the underlying NFT assets, and the higher-scoring sub-pool contains high-quality assets.
One question we need to think about is: whether blue-chip, high-quality NFT projects need to improve liquidity. At present, it seems that holders of high-quality NFT projects are more inclined to collect or place high-priced orders in the traditional NFT market, and NFT AMM is not an option for this type of NFT.
Herculeswap
Similar to the NFT AMM above, Herculeswap is also an NFT AMM that allows users to trade NFTs in the liquidity pool. Creators can issue NFTs on Herculeswap, and users can also establish NFT liquidity pools to earn income.
Herculeswap believes that the existing problems in the NFT AMM market are the volatility of LPs and the lack of initial funds in the liquidity pool. Therefore, in order to protect investors and support real creators, NFT creators need to lock a certain percentage of mint revenue in the liquidity pool to provide initial liquidity; if the project mint fails, mint fees will be returned to investors
However, there are generally three mistakes in the existing NFT AMMs in the market: insufficient liquidity concentration, single and non-optimal price curve, and LP lack of incentives.
First, the so-called centralized liquidity of NFT AMMs in the market requires active liquidity management by liquidity providers. Each LP has a liquidity pool and sets a reasonable price range for it. This does improve liquidity, but is not the most liquid solution. Although the prices of multiple liquidity pools are concentrated, they do not all overlap. In fact, there is liquidity dispersion, and liquidity providers have not reached aggregation.
Second, the price curve is not optimal. The price is controlled by the proportional algorithm and the differential algorithm. Multiple NFT buying and selling price ranges are fixed, and the price difference between batch purchases cannot be flexibly reduced, which virtually increases transaction costs.
Third, LP lacks incentives, and the unstable arbitrage model cannot bring sustained high returns to LP providers.
Intswap is a decentralized NFT AMM protocol. Based on the current NFT AMM in the market, we have solved the shortcomings of the above-mentioned AMM mechanism and created a brand new NFT AMM mechanism.
First, Intswap realizes the NFT AMM of aggregated LP, which not only ensures simple operation and low practical cost, but also greatly enhances the interoperability of the protocol, and has great potential for network value. Each NFT collection has only one liquidity pool, effectively realizing LP aggregation and higher liquidity.
Second, through innovative algorithm design, Intswap has achieved centralized liquidity and created an optimal price curve, making its AMM more in line with the transaction characteristics of NFT Marketplace, with less slippage and lower transaction fees for users.
Third, Intswap has designed a modular NFT LP incentive platform, and designed two specific incentive strategies. Intswap’s LPs can participate in profit sharing by stake LP Token, increasing the LP’s continuous income.
In addition, regarding royalties, Intswap believes that instead of debating whether to charge royalties, it is better to think about how to optimize the use of royalties.
Intswap is doing the most meaningful thing for the NFT market, so stay tuned!
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