Intswap and Omnisea will work together to create a more convenient and high-quality NFT ecosystem on zkSyncEra and Base, making the changes in the NFT world simpler and more exciting, and providing support for the way forward for NFT-Fi.🤜🤛

About Omnisea

Omnisea is the first protocol to implement the LayerZero standard — ONFT — for creating permissionless Drops. The emergence of Omnisea has greatly lowered the threshold for entering the NFT world. Currently, it has exceeded 10,000 Omnichain collections and is the largest launch platform on zkSync.

🌐Website: https://omnisea.org

🔗Twitter: https://twitter.com/omnisea

Intswap x Omnisea

Partnership Giveaway

To celebrate the partnership between Intswap and Omnisea, we will collaborate on marketing campaigns and branding initiatives to create awareness and drive adoption for both Intswap and Omnisea. We will jointly host a giveaway of $100 USDC & 20 Airdrop WL & 3 AIRPASS NFT rewards.

⏰Sep 8-Sep18, 9AM, GMT

🎁$100 USDC & 20 Airdrop WL & 3 AIRPASS NFT

🔗https://taskon.xyz/campaign/detail/10571

Product Integration

This is just the first step. After that, we will carry out in-depth cooperation on products to create the simplest and most efficient NFT ecosystem. Please keep looking forward to us!✊

Intswap’s Ongoing Reward Campaigns

✔️Intswap zkSyncEra Airdrop FreeMint: get FreeMint WL

https://intswap.medium.com/intswap-airdrop1-int-mystery-package-nft-will-start-on-august-11th-5bf67045fd74

✔️Intswap zkSyncEra pINT Farm Contest Earn 10,000,000 pINT Airdrop and $3200

https://intswap.medium.com/intswap-pint-farm-contest-earn-10-000-000-pint-airdrop-and-2400-e131c28c865f

✔️Intswap Base Airdrop FreeMint: get FreeMint WL

https://intswap.medium.com/intswaps-airdrop-on-base-begins-15-000-mystery-package-nft-start-freemint-fcf09f3d2d6

✔️Intswap Base pINT Farm Contest earn 500,000 pINT airdrop and $230

https://intswap.medium.com/intswap-pint-farm-contest-on-base-earn-500-000-pint-airdrop-and-230-season-1-c271dcbba61b

About Intswap

Intswap is the 1st Multi-chain NFT AMM Protocol enables LP Mining to earn compound trading fee, royalty fee and beyond.

Compared to the existing NFT Marketplaces, Intswap has three core designs making it more competitive, including aggregated Liquidity Providers (LPs), Concentrated Liquidity and Liquidity Mining incentive for NFT LPs.

In addition, it brings a more sustainable token economic model to NFT stakeholders.

Twitter | Discord | Telegram | Website | Doc | Deck | Github | Whitepaper

🔗https://intswap.io

⏰ Sep 8th, 9 AM,GMT-Sep 18th, 9 AM,GMT

🎁 500,000 pINT & $ 230 USDC

Season 1 Rules

During the contest, users can farmpINT points（erc20 token） by providing liquidity in the officially designated NFT pool. According to the ranking of pINT quantity, different rewards will be distributed, please try to farmmore pINT points.

4 Farming Rewards: When you provide liquidity, you are farming 4 yields, USDC LP mining rewards, trading fee, royalty fee and pINT ranking prize money.

A total of seven officially designated NFT pools

• Basic Mystery Package NFT

• Advanced-Common Mystery Package NFT

• Advanced-Precious Mystery Package NFT

• Advanced-Rare Mystery Package NFT

• Base Day one

• The masterpiece collection

• Deekay Motion

✨Reminders: pINT are not transferable or tradeable, and can be exchanged for $INT tokens in proportion after Intswap TGE.

Rewards Distribution

🎁 500,000 pINT

500,000 pINT will be distributed to the above seven NFT Pools, and users can farm pINT points by providing liquidity for NFT in Intswap. Users can claim pINT rewards at any time on the LP Ming page.

🎁$230 USDC

• $80 USDC reward to LP provider

The above seven NFT Pools can not only farm pINT points, but also inject $80 USDC into the NFT Pool as an additional reward for LP providers.

• $100 USDC Ranking Reward

When the total number of users is less than or equal to 50, the top 10 users will get $10 each

When the total number of users is greater than 50, $100 USDC will be shared by the top 20%

• $50 USDC Raffle

After the end of base pINT Farm Contest , we will start a $50 USDC raffle, and users who have not won the $100 ranking reward are eligible to participate.

✨Tips: In addition to the rewards of this contest, Intswap mainnet users can share trading fees and royalties at any time. For details, please refer to Doc.

Value of pINT Token

• Users in pINT points can share $230USDC rewards on BASE pINT Farm contest

• pINT token can be exchanged for $INT token in proportion after Intswap TGE

For NFT Creators

For NFT Creators, if you want to list your NFT collection on Intswap, please Join discord to contact us.

How to participate in the pINT Farm Contest?

https://docs.intswap.io/getting-started-with-intswap/how-to-buy-nfts

https://docs.intswap.io/getting-started-with-intswap/how-to-sell-nfts

https://docs.intswap.io/getting-started-with-intswap/provide-liquidity

About Intswap

Intswap is the 1st multichain NFT AMM Protocol enables LP Mining to earn compound trading fee, royalty fee and beyond.

Compared to the existing NFT Marketplaces, Intswap has three core designs making it more competitive, including aggregated Liquidity Providers (LPs), Concentrated Liquidity and Liquidity Mining incentive for NFT LPs.

In addition, it brings a more sustainable token economic model to NFT stakeholders.

Twitter | Discord | Telegram | Website | Doc | Deck | Github | Whitepaper

⏰ Mint Time: Sep 1st-Sep 30th, 9AM UTC

🪂Free-Mint: https://intswap.io/app/airdrop

🎁AIRDROP: 23,500,000 $INT tokens ~ 72,500,000 $INT tokens

Airdrop Rules

The Intswap airdrop will be available for free-mint in the form of Mystery Package NFT, and different numbers of $INT tokens can be randomly distributed after the Intswap TGE. Moreover, Mystery Package NFT holders can earn more $INT tokens on intswap mainnet by LP mining and NFT trading.

There are two Mystery Packages: Basic Mystery Package and Advanced Mystery Package. There are a total of 15,000 Mystery Packages, and they are all free mint on a first-come-first-served basis.

Basic Mystery Package (FCFS)

🎁Max Supply: 10,000

🪂Random: 100~1000 $INT tokens

🎯Eligible: Everyone can free mint, with a total of 10,000, first come first served.

🔗Free-Mint: https://intswap.io/app/airdrop

Advanced Mystery Package (FCFS)

There are three types of Advanced Mystery Package: Common, Precious and Rare. Each qualified WL user can free mint one, and the rarity is random.

🎁Max Supply: 5000

• Common Package total 3500

• Precious Package total 1000

• Rare Package total 500

🪂Random: 1000 ~ 50,000 $INT

• Common Package contains 1,000 ~ 5,000 $INT tokens

• Precious Package contains 5,000 ~ 20,000 $INT tokens

• Rare Package contains 20,000 ~ 50,000 $INT tokens

🎯Eligible: Whitelist users can free mint, first come first served.

How to get the advanced airdrop whitelist?

There are many ways to get Intswap advanced airdrop WL, such as events held by Intswap, partnership giveaway, etc. The way to obtain the WL will continue to be updated here. Each whitelist address can only Mint once.

SoQuest Rewards

⏰ Aug 28-Sep 28, 9:00AM, GMT

🎁 1000 $INT BASE Advanced Mystery Package WL

🔗 https://soquest.xyz/space/Intswap/campaign/rkwrj1AKef

What is the value of Mystery Package NFT?

• Mystery Package NFTs are free-mint and are tradable on Intswap

• After Intswap TGE, Mystery Package can randomly obtain different amounts of $INT tokens

• Mystery Package NFT holders can participate in the pINT Farm contest on the Intswap mainnet to earn 10,000,000 pINT and $3200 USDC Rewards.

Intswap Airdrop & pINT Farm Contest on zkSyncEra are Ongoing

Intswap Airdrop free to claim

• ⏰ Aug 11, 8:00 AM, GMT

• 🎁 15,000 Mystery Package NFT

• 💸 up to 72,500,000 $INT tokens

• 🔗 Intswap airdrop Blog

• 🪂 Free-Mint: https://intswap.io/app/airdrop

pINT Farm Contest, USDC Rewards for earning

• ⏰ Aug 21-Sep 28, 9:00AM, GMT

• 🎁10,000,000 pINT Airdrop & $3200 USDC

• 🌐 https://intswap.io/app/ranking

• 🔗 pINT Farm Contest Blog

✨Intswap pINT Farm Contest on base is coming soon, we will provide 10,000,000 pINT Airdrop and $3200, please wait for our announcement.

About Intswap

Intswap is the 1st Multi-chain NFT AMM Protocol enables LP Mining to earn compound trading fee, royalty fee and beyond.

Compared to the existing NFT Marketplaces, Intswap has three core designs making it more competitive, including aggregated Liquidity Providers (LPs), Concentrated Liquidity and Liquidity Mining incentive for NFT LPs.

In addition, it brings a more sustainable token economic model to NFT stakeholders.

Twitter | Discord | Telegram | Website | Doc | Deck | Github | Whitepaper

With the gradual development of the crypto ecology, more and more Layer2 are emerging. Intswap launched the mainnet of zkSyncEra a month ago, but our steps will not stop.

Today, we are ready to enter a new era: Base.

About Intswap and Base

Intswap is the 1st Multichain NFT AMM Protocol enables LP Mining to earn compound trading fee, royalty fee and beyond.

INTSWAP is a decentralized, highly capital-efficient NFT AMM with aggregated liquidity providers and a solution for NFT liquidity. Intswap has three core designs making it more competitive, including aggregated Liquidity Providers (LPs), Dynamic Concentrated Liquidity and Liquidity Mining incentive for NFT LPs.

Base is the Ethereum Layer 2 blockchain designed for accessibility, security, and scalability, incubated by Coinbase. Base is built on the open-source OP-Stack, with the belief that the foundational technology for the future should be a public good. It lets users access the complete EVM environment at a reduced cost.

Intswap is the first multi-chain NFT AMM on Base, deploying zkSyncEra and Base, allowing users to trade NFT and provide liquidity for NFT on Base and zkSyncEra!

Intswap’s mechanism perfectly fits the characteristics of zkSync. The high-efficiency and low-cost NFT AMM will maximize NFT liquidity and provide a better trading experience with the support of Base. Intswap shares Base’s interoperability vision, continues to improve the market pain points of NFT’s low liquidity, creates a brand new NFT ecosystem for Base, and brings a sustainable token economic model to NFT stakeholders and becoming one of the most important components of NFT-Fi.

✨Make sure to bridge yourself with some Ether first, as this is the native token for paying gas on Base. You can bridge onto Base from Ethereum by using the official bridge.

New Campaigns supporting Intswap to launch Bsae mainnet

SoQuest Rewards

⏰ Aug 28-Sep 28, 9:00AM, GMT

🎁 1000 $INT BASE Advanced Mystery Package WL

🔗 https://soquest.xyz/space/Intswap/campaign/rkwrj1AKef

Intswap Airdrop & pINT Farm Contest Are Ongoing

Intswap Airdrop & pINT Farm Contest is ongoing on zkSyncEra chain. To celebrate the launch of Intswap on Base, we decided to launch the Airdrop & pINT Farm Contest on Base as well!

zkSyncEra

Intswap Airdrop free to claim

• ⏰ Aug 11, 8:00 AM, GMT

• 🎁 15,000 Mystery Package NFT

• 💸 up to 72,500,000 $INT tokens

• 🔗 Intswap airdrop Blog

• 🪂 Free-Mint: https://intswap.io/app/airdrop

pINT Farm Contest, USDC Rewards for earning

• ⏰ Aug 21-Sep 28, 9:00AM, GMT

• 🎁10,000,000 pINT Airdrop

• 🎁 $3200 USDC

• 🌐 https://intswap.io/app/ranking

• 🔗 pINT Farm Contest Blog

Base Rewards Earning Campaigns ready to shot

1️⃣Airdrop: Mystery Package NFT & $INT token

⏰ Aug 30- Sep 30, 8:00 AM, GMT

🎁 15,000 Mystery Package NFT

💸 up to 72,500,000 $INT tokens

🪂 Free-Mint: https://intswap.io/app/airdrop

• Intswap will distribute 15,000 MysteryBox NFT blind boxes.

• MysteryBox NFT is divided into four different levels, and different levels of MysteryBox NFT contain different amounts of $INT tokens.

• The number of $INT tokens in MysteryBox NFT is distributed randomly in a decentralized manner.

• After the project TGE, MysteryBox NFT can be opened and $INT token airdropped.

• At the same time, MysteryBox NFT can be traded in Intswap mainnet products.

2️⃣pINT Farm Contest

⏰ To be announced

🎁 10,000,000 pINT Airdrop & $2400 USDC

🔗 https://intswap.io/app/ranking

• In the pINT Farm competition, users can participate in transactions and provide liquidity on the Intswap mainnet, and get more pINT.

• After the project TGE, pINT can be converted into $INT token according to a certain ratio.

✨Tips: Intswap’s airdrop on Base and the pINT Contest are under full preparation, please wait for our official announcement for details.

About Intswap

Intswap is the 1st Multi-chain NFT AMM Protocol enables LP Mining to earn compound trading fee, royalty fee and beyond.

Compared to the existing NFT Marketplaces, Intswap has three core designs making it more competitive, including aggregated Liquidity Providers (LPs), Concentrated Liquidity and Liquidity Mining incentive for NFT LPs.

In addition, it brings a more sustainable token economic model to NFT stakeholders.

Twitter | Discord | Telegram | Website | Doc | Deck | Github | Whitepaper

🔗https://intswap.io

⏰ August 21 — September 26, 9:00AM, GMT

🎁 10,000,000 pINT & $2400 USDC

Intswap pINT Farm Contest is divided into 4 seasons:

• Season 1: Aug 21-Aug 29

• Season 2: Aug 30-Sep 7

• Season 3: Sep 7-Sep 16

• Season 4: Sep 18-Sep 26

Season 1: pINT Farm Contest Rules

During the contest, users can farmpINT points（erc20 token） by providing liquidity in the officially designated NFT pool. According to the ranking of pINT quantity, different rewards will be distributed, please try to farmmore pINT points.

4 Farming Rewards: When you provide liquidity, you are farming 4 yields, 200 USDC LP mining rewards, trading fee, royalty fee and pINT ranking prize money.

A total of eight officially designated NFT pools

• Basic Mystery Package NFT

• Advanced-Common Mystery Package NFT

• Advanced-Precious Mystery Package NFT

• Advanced-Rare Mystery Package NFT

• LIBERTAS OMNIBUS COLLECTION

• Zk Skulls

• EraBear

• zkPixel Shiba

✨Reminders: pINT are not transferable or tradeable, and can be exchanged for $INT tokens in proportion after Intswap TGE.

🎯For the rules and rewards of the remaining three seasons of pINT FarmContest, please wait for our announcement.

Season 1: Rewards Distribution

🎁500,000 pINT

500,000 pINT will be distributed to the above eight NFT Pools, and users can farm pINT points by providing liquidity for NFT in Intswap. Users can claim pINT rewards at any time on the LP Ming page.

🎁$400 USDC

• $200 USDC LP provider Reward

The above eight NFT Pools can not only farm pINT points, but also inject 200USDC into the NFT Pool as an additional reward for LP providers.

• $100 USDC Ranking Reward

When the total number of users is less than or equal to 50, the top 10 users will get $10 each

When the total number of users is greater than 50, $100 USDC will be shared by the top 20%

• $100 USDC Raffle

After the end of pINT Farm Contest Season 1, we will start a $100 USDC raffle, and users who have not won the $100 ranking reward are eligible to participate.

✨Tips: In addition to the rewards of this contest, Intswap mainnet users can share trading fees and royalties at any time. For details, please refer to Doc.

Value of pINT Token

• Top users in pINT points can share $2000 USDC rewards

• pINT token can be exchanged for $INT token in proportion after Intswap TGE

• Holders of pINT token can get 70% of the future zkSyncEra airdrops to Intswap

For NFT Creators

For NFT Creators, if you want to list your NFT collection on Intswap, please enter our discord to contact us.

How to participate in the pINT Farm Contest?

https://docs.intswap.io/getting-started-with-intswap/how-to-buy-nfts

https://docs.intswap.io/getting-started-with-intswap/how-to-sell-nfts

https://docs.intswap.io/getting-started-with-intswap/provide-liquidity

About Intswap

Intswap is the 1st zkSync Era NFT AMM Protocol enables LP Mining to earn compound trading fee, royalty fee and beyond.

Compared to the existing NFT Marketplaces, Intswap has three core designs making it more competitive, including aggregated Liquidity Providers (LPs), Concentrated Liquidity and Liquidity Mining incentive for NFT LPs.

In addition, it brings a more sustainable token economic model to NFT stakeholders.

Twitter | Discord | Telegram | Website | Doc | Deck | Github | Whitepaper

With Intswap zksync Era mainnet launch, to enhance the platform’s security through a bug bounty program offering up to $400 USDC in rewards for reporting vulnerabilities. If you find any relative bugs or offer any suggestions that are adopted during the mainnet, you will be rewarded differently.

Rules:

🔗Intswap Mainnet: https://intswap.io

🎁Bug Bounty Rewards: $400

🗓Time: Aug 15 — Sep 15, 2023

Submission: Open ticket in Intswap Discord

Rewards Distribution: We will evaluate your feedback and distribute rewards within 7 working days once the early access closes.

The rewards for different types of bugs or suggestions are as listed:

If the same bug or suggestion has been submitted by different users, the reward will be distributed to the first comer.

About Intswap

Intswap is the 1st zkSync Era NFT AMM Protocol enables LP Mining to earn compound trading fee, royalty fee and beyond.Compared to the existing NFT Marketplaces, Intswap has three core designs making it more competitive, including aggregated Liquidity Providers (LPs), Concentrated Liquidity and Liquidity Mining incentive for NFT LPs.In addition, it brings a more sustainable token economic model to NFT stakeholders.

Intswap has completed the first round of audit by Vital Block

Detailed audit information:

https://drive.google.com/file/d/1V1ek1g_iZ6c1Q31GisAOrtO_VH8EgWI6/view?usp=sharing

Twitter | Discord | Telegram | Website | Doc | Deck | Github | Whitepaper

To celebrate our exciting mainnet launch on zkSync Era, we’re airdropping a total of 15,000 Mystery Packages containing 100~50,000 $INT tokens each to everyone who’s been surfing in zkSync Era Ecosystem.

⏰ Mint Time: Aug 11, 8:00 AM, GMT

🪂Free-Mint: https://intswap.io/app/airdrop

🎁AIRDROP: 23,500,000 $INT tokens ~ 72,500,000 $INT tokens

Airdrop Rules

The Intswap airdrop will be available for free-mint in the form of Mystery Package NFT, and different numbers of $INT tokens can be randomly distributed after the Intswap TGE. Moreover, Mystery Package NFT holders can earn more $INT tokens on intswap mainnet by LP mining and NFT trading.

There are two Mystery Packages: Basic Mystery Package and Advanced Mystery Package. There are a total of 15,000 Mystery Packages, and they are all free mint on a first-come-first-served basis.

Basic Mystery Package (FCFS)

🎁Max Supply: 10,000

🪂Random: 100–1000 $INT tokens

🎯Eligible: Open for first 10000 community members who complete airdrop-earning tasks.

✨Users who complete the task and get Basic Mystery Package WL can participate in the $500 lucky draw.

🔗Airdrop-earning Task: https://soquest.xyz/space/Intswap/campaign/iQ6icdC5SP

🪂Free-Mint: https://intswap.io/app/airdrop

Advanced Mystery Package (FCFS)

There are three types of Advanced Mystery Package: Common, Precious and Rare. Each qualified WL user can free mint one, and the rarity is random.

🎁Max Supply: 5000

• Common Package total 3500

• Precious Package total 1000

• Rare Package total 500

🪂Random: 1000 ~ 50,000 $INT

• Common Package contains 1,000 ~ 5,000 $INT tokens

• Precious Package contains 5,000 ~ 20,000 $INT tokens

• Rare Package contains 20,000 ~ 50,000 $INT tokens

🎯Eligible: Advance Mystery Packages (NFTs) to everyone who has been actively interacting with major DeFi & NFTFi protocol in the zkSync Era. Qualified users will get WL of airdrop free mint. If you have a valuable new NFT collection, please contact us to get WL. Click to view the whitelist rules.

✨Additional WL

Users who complete the task can be WL for the Advance Mystery Packages mint.

🔗Task: https://soquest.xyz/space/Intswap/campaign/rqcw4wgmq7

-

✨For NFT Creators

Eligible NFT creators address can get WL of intswap airdrops, and will also give away 20WL, which can be distributed to their NFT holders. Please contact us on discord. Click to view eligible NFTs.

-

✨For LIBERTAS OMNIBUS COLLECTION Holders

LIBERTAS OMNIBUS COLLECTION holders can participate in exclusive tasks and get airdrop WL and $200 USDC.(FCFS)

🔗Task: https://taskon.xyz/campaign/detail/8190

What is the value of Mystery Package NFT?

• Mystery Package NFTs are free-mint and are tradable on Intswap

• After Intswap TGE, Mystery Package can randomly obtain different amounts of $INT tokens

• Mystery Package NFT holders can participate in the pINT Farm contest on the Intswap mainnet to earn pINT tokens and $2000 USDT Rewards.

• Mystery Package NFT holders can get 30% of the future zkSyncEra airdrops to Intswap

pINT Farm Contest Preview

⌛Aug 17-Aug 31

🎁10 million pINT & $2000

🔥In order to thank users for the support and increase users’ understanding of Intswap, we have launched the long-prepared pINT Farm Contest. Let’s enjoy the farming competition together!

Rules

Mystery Package NFT holders and Intswap-supported NFT holders can participate in the pINT Farm Contest on the Intswap mainnet. By trading NFTs and providing liquidity for NFTs, more pINT tokens can be obtained in the pINT Farm Contest.

What is the value of pINT Token?

• Top users in pINT points can share $1000 USDC rewards

• pINT token can be exchanged for $INT token in proportion after Intswap TGE

• Holders of pINT token can get 70% of the future zkSyncEra airdrops to Intswap

• …Please wait for the announcement of pINT Farm Contest for more details

About Intswap

Intswap is the 1st zkSync Era NFT AMM Protocol enables LP Mining to earn compound trading fee, royalty fee and beyond.

Compared to the existing NFT Marketplaces, Intswap has three core designs making it more competitive, including aggregated Liquidity Providers (LPs), Concentrated Liquidity and Liquidity Mining incentive for NFT LPs.

In addition, it brings a more sustainable token economic model to NFT stakeholders.

Twitter | Discord | Telegram | Website | Doc | Deck | Github | Whitepaper

First of all, Intswap would like to thank the community members for their support and companionship, which gives us the motivation to move forward. Over the past few months, Intswap has been exploring ways forward to make Intswap more competitive and future-proof.

Today, we are finally ready to enter a new era: zkSyncEra.

About Intswap and zkSyncEra

Intswap is the 1st zkSync Era NFT AMM Protocol enables LP Mining to earn compound trading fee, royalty fee and beyond.

INTSWAP is a decentralized, highly capital-efficient NFT AMM with aggregated liquidity providers and a solution for NFT liquidity. Intswap has three core designs making it more competitive, including aggregated Liquidity Providers (LPs), Dynamic Concentrated Liquidity and Liquidity Mining incentive for NFT LPs. Intswap will open a new future of seamless and efficient transactions with zkSync Era!

zkSync is a zero-knowledge-based Layer 2 solution to the Ethereum network. zkSync is a ZK rollup, a trustless protocol that uses cryptographic validity proofs to provide scalable and low-cost transactions on Ethereum. zKSync provides low gas and fast transactions without compromising security. In zkSync, computation is performed off-chain and most data is stored off-chain as well. As all transactions are proven on the Ethereum mainchain, users enjoy the same security level as in Ethereum.

Intswap’s mechanism perfectly fits the characteristics of zkSync. The high-efficiency and low-cost NFT AMM will maximize liquidity and provide a better trading experience with the support of zkSync. Meanwhile, Intswap can combine NFT projects on zkSync to create a complete NFT Lego for zkSync, bringing a sustainable token economic model to NFT stakeholders and becoming one of the most important components of NFT-Fi.

New Campaign support Intswap to launch zkSyncEra mainnet

QuestN Rewards

⏰July 28-Aug 7, 9:00 AM, GMT

🎁$200 USDC

🔗app.questn.com/quest/79840807

Port3 Rewards

⏰July 31-Aug 7, 9:00 AM, GMT

🎁$100 USDC

🔗https://soquest.xyz/space/Intswap/campaign/BJ5flc7Hpd

TaskoOn Rewards

⏰July 31-Aug 7, 9:00 AM, GMT

🎁$100 USDT

🔗https://taskon.xyz/campaign/detail/7937

Galxe Rewards

⏰July 26-Aug 2

🎁$100 USDT & $INT Airdrops WL*10 & 4-Char Random .zk Domain*5

🔗https://galxe.com/star/campaign/GC3DRU7AN9

Intswap Airdrop is Coming

To celebrate our exciting mainnet launch on zkSync Era, we’re airdropping Mystery Packages containing 100~50,000 $INT tokens to everyone who’s been surfing in zkSync Era Ecosystem.

🪂 MysteryBox NFT & $INT token

• Intswap will distribute 15,000 MysteryBox NFT blind boxes.

• MysteryBox NFT is divided into four different levels, and different levels of MysteryBox NFT contain different amounts of $INT tokens.

• The number of $INT tokens in MysteryBox NFT is distributed randomly in a decentralized manner.

• After the project TGE, MysteryBox NFT can be opened and $INT token airdropped.

• At the same time, MysteryBox NFT can be traded in Intswap mainnet products.

🪂 pINT Farm Airdrop Contest

• In the pINT Farm competition, users can participate in transactions and provide liquidity on the Intswap mainnet, and get more pINT.

• After the project TGE, pINT can be converted into $INT token according to a certain ratio.

🪂 Future zkSyncEra Airdrop

The future zkSyncEra official airdrop will be 100% airdropped to MysteryBox NFT and pINT holders

The specific rules about the Intswap airdrop will be announced in two weeks, please wait for our announcement!

Reminder: Users who participated in the Intswap “Seed” and “Sprout” testnets to get airdrops are still valid.

About Intswap

Intswap is the 1st zkSync Era NFT AMM Protocol enables LP Mining to earn compound trading fee, royalty fee and beyond.

Compared to the existing NFT Marketplaces, Intswap has three core designs making it more competitive, including aggregated Liquidity Providers (LPs), Concentrated Liquidity and Liquidity Mining incentive for NFT LPs.

In addition, it brings a more sustainable token economic model to NFT stakeholders.

Twitter | Discord | Telegram | Website | Doc | Deck | Github | Whitepaper

NFT marketplaces Overview

Currently, there are 3 major types of NFT Marketplace:

1.Order Match: such as Opensea, this type of product usually adopts the development paradigm of off-chain matching and on-chain settlement. The seller needs to create an on-chain smart contract wallet, authorize the NFT to the wallet, and then create an off-chain order and sign it. The signature is used to prove the legitimacy of the off-chain order, and the order will be saved in the centralized database of the trading platform. After the buyer confirms that the order is suitable, the token will be executed through the on-chain matching system to complete the transaction.

Disadvantages: serious centralization. 1 it relies on off-chain matching, the process cannot guarantee fairness and credibility. 2 The trading platform can usually decide whether to list a certain NFT project or not at will, and the NFT projects’ interest cannot be guaranteed.

2.NFT Fragmentation: NFTX is the representative . NFT Fragmentation aims to solve the problem of poor liquidity of NFT assets by dividing NFT to FTs. NFT holders issue Fungible Tokens of equivalent value by staking NFTs, and then such FTs can be traded through the existing supported markets, AMMs. At the same time, the corresponding staked NFT assets can also be redeemed by using the same amount of corresponding FTs.

Disadvantages:1 FT has no way to truly reflect the price of NFT. 2 fragmented assets have no actual use value. 3 This mechanism is usually prone to governance risks, that is, malicious attackers permanently lock the staked NFT through different ways such as burning part of the FTs.

3.Sub-Pool NFT AMM: Sudoswap is the first AMM with limit order for NFT realized by creating an on-chain smart contract named Sub-Pool with AMM function. Traders can choose to trade directly in the corresponding Sub-Pool according to their own needs. There are two types of users in this market: Trader and Liquidity Provider (LP). Only buy and not sell or only sell and not buy), and LP can choose to create a two-way Sub-Pool (both buy and sell) to earn income by providing liquidity.

Disadvantages: 1 it lacks an effective liquidity incentive plan, and the provision of liquidity can only earn a small portion of handling fees as income. 2 LP market-making costs are high. LPs under the Sub-Pool mode are usually in a competitive relationship. In order to increase the transaction rate and obtain higher handling fees, LPs need to update the market-making period in a timely manner to ensure that the price is more recognized for quick transactions. This makes LPs have to face Higher gas.

In short, Opensea, Blur and other off-chain order matching platforms provide the infrastructure for the NFT marketplaces track. The traditional trading market model has tended to be perfected, and NFT fragmentation is also gradually developing. Next, let’s turn our eyes to another potential segment in the NFT market, NFT AMM.

NFT AMM Vertical

Before the emergence of NFT AMM, the centralized platform of off-chain order book type occupied most of the main NFT market. Opensea almost monopolized this vertical, but it could not further improve the liquidity of NFT. How to further improve the liquidity of NFT? It has always been a problem.

With the continuous development of NFT, related innovations around NFT have not stopped. NFT fragmentation, NFT lending, Perpetual Swap and other derivatives continue to emerge, and NFT AMM is a new star on the track.

“NFT AMMs are a decentralized alternative to off-chain order book centralized NFT marketplaces like Opensea, Magic Eden, or Blur, primarily leveraging liquidity pools for frictionless and low-cost transactions.” Add liquidity and earn a certain transaction fee.

NFT AMM is fully executed on the chain. For buyers and sellers, instant buying and selling can be realized through the pool, and pending orders similar to Opensea can also be used. For LPs, it is possible to provide NFT-token bilateral market making to earn income.

When the liquidity is sufficient, instant transactions can be completed, forming support for NFT, and helping long-tail NFT gain value. 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:

1.Completely decentralized and highly executed on the chain: Compared with traditional NFT trading markets such as Opensea, NFT AMM is highly decentralized, and it is completely released, bid, and traded on the chain, which is safer.

2.Efficient and flexible: NFT-token’s direct participation in market making leads to higher efficiency and higher sales, and custom parameters make it more flexible.

3.New NFT Fi infrastructure: NFT AMM can be used as the underlying infrastructure of NFT Fi, providing a new path for the development of NFT Fi, so as to give full play to its composability and create NFT Fi Lego.

4.Flexible incentive methods: The emergence of NFT AMM has created more incentives for traders and LPs, and deeply binds NFT project parties and LPs to achieve long-term incentives and build a healthier community.

5.High liquidity, instant transactions: Since the liquidity provided in NFT AMM will be rewarded with service fees, compared with off-chain order book forms such as Opensea, NFT AMM has higher liquidity and can instantly complete NFT transaction.

6.Reduce costs and increase profits: Fortraders, in the traditional market, when they want to buy or sell multiple NFTs, they need to consume multiple gas fees. Batch buying and selling can be completed in NFT AMM, and only one gas fee is spent, which reduces the cost. For LPs, providing liquidity in NFT AMM can earn transaction fees and other rewards to increase income.

Pioneer — Sudoswap

In July last year, the emergence of Sudoswap broke the status quo of the traditional NFT trading market and brought NFT AMM into the spotlight.

The NFT AMM represented by Sudoswap applies the concept of decentralized exchange (DEX) in the DeFi project to the NFT field, introduces the DeFi AMM model, and creates a liquidity pool for NFT-Base Token through market makers to make it more convenient. The fast and decentralized on-chain limit order transaction replaces the cumbersome off-chain order book form to improve the liquidity of NFT.

It consists of many separate NFT liquidity pools, each of which is managed by an LP, which can control the pricing function curve, initial fee, incremental threshold, and transaction fee ratio. This mode is what we mentioned before: Sub-Pool (sub-pool).

SudoSwap launched on the Ethereum mainnet in early July 2022. With novel transaction methods, low transaction costs, zero royalties and airdrop expectations, it quickly attracted a large number of NFT users.

The emergence of Sudoswap ignited NFT AMM vertical, and then hadeswap, tensor, LinoSwap and other NFT AMMs emerged. These NFT AMMs are similar to Sudo, and the homogenization is serious. The NFT AMM track ushered in the first dilemma, innovation seems to be difficult indeed.

NFT AMM Game Breaker — Intswap

If Sudoswap is the “pioneer” of NFT AMM, then Intswap is the “breaker” of the NFT AMM dilemma.

Intswap is a NFT AMM that groundbreakingly adopted aggregated liquidity provider LPs (LP token), dynamic concentrated liquidity and LP incentives (LP Mining).

1.Aggregated Liquidity Providers (LPs): All LPs provide liquidity to NFT AMM in an aggregated manner, earn market-making fees in a compound way, and issue an interest-bearing LP Fungible Token as the Provider’s liquidity certificate.

2.Dynamic concentrated liquidity: The core is to set the price range of AMM to a specific range to reduce transaction slippage and boost capital efficiency. And the price range is allowed to be updated during the market-making process, which greatly increases flexibility.

3.Liquidity Mining for NFT LP incentive: A modular NFT LP incentive platform, and two specific incentive strategies have been designed. LPs can participate in profit sharing by stake LP Token to increase their own income. To put it simply, Intswap first aggregates LPs and uses the same standard to achieve effective quantitative contributions, while the similar NFTAMM only provides an NFT-Base token pool. LP-tokens are issued according to the contribution ratio, and LP-tokens are staked for mining to obtain incentives. Secondly, through the concentration of liquidity, the depth of the pool is increased, the transaction price is better, the gas is reduced, and fast transactions are achieved. Finally, the incentives for LPs through LP Mining.

As mentioned above, NFT AMMs such as Sudoswap and Hadeswap all adopt the Sub-Pool paradigm. Intswap is different, it abandons the Sub-Pool model and directly adopts trading pairs. Next, we will compare and explain the main differences between sudoswap and Intswap.

Difference 1: Sub-pool and single pool

Sudoswap: Sub-pool is adopted, which consists of many separate NFT liquidity pools, and each liquidity pool is managed by an LP. This is also currently the most common form of NFT AMM.

Since the parameter setting of each LP in the Sub Pool has no uniform standard and is in a discrete state, the liquidity provision of each Sub Pool is not the same (quotation, depth provision, etc.), so the contribution of LP to liquidity cannot be effectively calculated and quantified theoretically.

Secondly, the market-making cost of LP is expensive. Under this paradigm, LPs are usually in a competitive relationship. In order to increase the transaction probability and obtain higher fee income, LP needs to update the market-making related settings in time to ensure its Sub- Pool’s quotation is easier to be recognized by Trade, which makes LP have to face higher gas costs.

Intswap: Aggregate liquidity in an AMM Pool by aggregating LPs. Contrary to Sudoswap, a type of NFT in Intswap only allows one pool, and only the first person to create the pool can set the price, and subsequent users who add liquidity provide Base Token and NFT to the pool according to a certain ratio in the spot price.

All LPs of this type of NFT are a collective. When a buying and selling transaction occurs in the pool, the price of the NFT will change accordingly, and the handling fee generated at the same time will be distributed by the NFT LPs according to the contribution ratio. Therefore, there is no competition between LPs, and there is no need to spend high gas to adjust the market-making interval.

Each NFT pool will issue an ERC-20 Token as a liquidity certificate for LP, which is called LP Token. When the user successfully provides liquidity for NFT, a certain amount of LP Token will be minted in their wallet. According to LP’s contribution to the pool, a corresponding number of LP Tokens are obtained, and the contribution of LP is accurately quantified in order to do more incentive models.

Summary: Sub-pool cannot accurately quantify the contribution of LP, Sudoswap cannot do LPmining and cannot use a more flexible way to motivate LPs, while Intswap accurately quantifies the contribution of LP through LP Token, so it can use a more flexible way to motivate LP, implements LPmining. (In DeFi, by staking a Fungible Token used to record the share of liquidity provided by LPs and earning rewards, it is usually called Yield Farming or Liquidity Mining, which is a common liquidity incentive scheme.)

Besides, in Sudoswap, LP is an active market maker, who needs to customize quotations, curves, etc., and needs to be actively adjusted. On the contrary, Intswap changed active market-making to passive market-making. There is no need for competition between LPs, and there is no need to adjust the market-making interval, thus saving a lot of time, cost and gas.

Difference 2: Decentralized Liquidity vs Dynamic Concentrated Liquidity

Sudoswap: In Sudoswap, since each LP is an individual, it is a dispersed liquidity. The liquidity will be evenly distributed along the price curve in all price ranges between 0 and infinity, the liquidity at the edge is difficult to be utilized, and the liquidity LP that cannot be utilized will not be able to obtain benefits. This is a natural threshold for LP’s operation and awareness, and it is difficult for newcomers to earn income.

Intswap: Intswap adopts a method of dynamic concentrated liquidity, similar to Uniswap V3, and concentrates all liquidity in a reasonable price range to reduce transaction slippage costs and focus on maximizing capital efficiency.

Like Uniswap V3, Intswap uses the X*Y=K formula. Through calculations, it is found that when purchasing the same number of NFTs, users need to spend less Tokens to purchase in concentrated liquidity AMMs, and the average purchase price is lower. Conversely, when selling the same number of NFTs, users will get more Tokens in concentrated liquidity AMM sales, and the average selling price will be higher.

Therefore, in Intswap, concentrated liquidity is adopted to effectively utilize all liquidity, and the price range is around the floor price of the NFT. The price range does not require LP to actively adjust, and it is set by the NFT project party or creator to ensure the most suitable range. The so-called dynamic means that the price range will be adjusted in time as the price of NFT changes to ensure the best.

Summary: Through the comparison above, we found that concentrated liquidity has better capital utilization. For traders, the greater the depth, the faster the transaction, the lower the transaction slippage, the lower the cost, and the higher the selling price. For LPs, all the funds are utilized, without manually adjusting the market-making range, the market-making cost can be minimized and the market-making income can be effectively increased, and each transaction can get a share of the handling fee.

Difference 3: LP Mining

Sudoswap: As mentioned above, due to the Sub-pool model adopted by Sudoswap, it is impossible to accurately quantify the contribution of LPs, so the traditional Liquidity Mining incentive scheme of DeFi cannot be adopted.

Intswap: Create a unique LP Mining (Liquidity Mining) module and set up an effective incentive scheme for NFT LP.

Each created NFT-Base Token transaction pair has an exclusive staking pool, and any LP can pledge its LP Token to the corresponding staking pool to earn excess returns in addition to transaction fees.

Currently, Intswap has set up three incentive strategies: Royalty Reward Distribution, Yield Farming and Custom Incentive Strategies.

1. Royalty reward distribution: This strategy allows NFT Creator to set a Ratio for its LP, and use the corresponding proportion of the royalties generated by each transaction as a reward, and distribute it to all LPs in all staking pools according to the proportion, and then complete the profit sharing , to achieve a win-win situation for creators and LPs.

2. Yield Farming: This strategy allows NFT project parties or creators to lock a certain number of ERC20 Tokens as rewards, and set a reward cycle. The rewards are released every second and distributed to LPs in proportion.

3. Customized incentive strategies: In addition to the above two established strategies, project parties are also allowed to design custom incentive strategies according to their own needs to improve flexibility.

Summary: We know the importance of liquidity and LP in the DeFi market, but in the NFT trading market, LP (market maker) has always been a neglected force. Although the existing NFT trading market is also going to motivate LP, the incentive strategy and the implementation plan adopted are not satisfactory. And if a new paradigm like Intswap can intensify the power of LPs by continuing to use the cornerstone of DeFi’s success-LP Minging, blood circulation can truly revitalize the liquidity of the NFT market. This is a new economic model that is win-win for all parties, because there is no royalty in defi, but in the economic cycle of NFT AMM. For LPs, LP Minging can earn more income in addition to handling fees. For creators, they can better motivate users, create incentive strategies and activities in line with their own communities, improve the flexibility of operations, and form a new paradigm that is very worth looking forward to.

The way forward for NFT AMMs

As the pioneer of the NFT AMM track, Sudoswap has attracted the attention of users, brought dawn to the NFT AMM track, and provided an innovative NFT liquidity solution. For more than half a year, Sudoswap has gained a place in this market full of powerful enemies by itself, which is obviously a success. Now, as a rising star, Intswap has found its own positioning and advantages in the NFT AMM track, took over the baton from Sudoswap, and continued to set sail.

Intswap broke the inherent model of Sudoswap and changed the market structure of NFT AMM through three innovative mechanisms. For ordinary users, the gameplay of this product is simple, and some novice users will not be blocked because of the high knowledge threshold. Fortraders, faster transaction speed and less transaction costs are very important. For LPs, the aggregation method makes the operation easier, the dynamic concentrated liquidity maximizes the capital efficiency, and the passive market making will save a lot of time, cost and gas, LPMining brings more benefits to LP. For NFT project parties or creators, a more flexible incentive model can better reward LP’s contribution and provide circular liquidity for the project.

LP Mining is an important part of the development of NFT-Fi. The previous simple and non-sustainable NFT business model may be changed. NFT project parties can be deeply bound with LP and use LP Mining as a new type of incentive.

As a new NFT-Fi building block, LP Mining can give full play to its flexibility and composability, create a platform-based underlying infrastructure, and gradually achieve a complete NFT-Fi system.

Sudoswap’s NFT AMM leading position has not been surpassed by any project so far, but this also reflects the exhaustion of innovation in the market from the side. Intswap broke the deadlock on the track, and the era of NFT AMM contention may come. Both Sudoswap and Intswap are contributing to the advancement of the NFT track.

Expectation: NFT-Fi Summer

The NFT track has been very popular in the past two years and has become an indispensable and important chapter in the crypto world. Although the downturn of the crypto market in 2022 will affect the progress of NFT, the NFT track is still active compared to other sectors.

Due to the lack of liquidity of NFT itself, the demand for NFT Fi has been derived. The market has begun to try and explore the financialization of NFT from the directions of NFT transactions, aggregators, lending, fragmentation and AMM. With more and more NFT empowerment, the territory of NFT Fi continues to expand, and is no longer limited to the main body of NFT. The future ecological sector will be more rich and extensible, and every prominent project will become NFT Fi of a building block.

In 2020, everyone knows about “DeFi Summer”. The concepts of “Liquidity Mining” and “Yield Farming” make DeFi crazy throughout the summer and accelerate the progress of the DeFi ecosystem.

Today, the concept of Liquidity Mining has once again entered our field of vision with NFT. Intswap hopes to use the new attempt of “NFT LP Mining” to usher in “NFT-Fi Summer” in 2023 and set off a wave of NFT-Fi.

About

A decentralized NFT AMM as well as a liquidity solution for NFTs. Compared to the existing NFT Marketplaces, Intswap has three core designs making it more competitive, including aggregated Liquidity Providers (LPs), 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 sustainable token economic model to NFT stakeholders.

🌐Website: https://intswap.io/

🐦Twitter: https://twitter.com/Intswap_amm

🔗Discord: https://discord.gg/cvPJAz2Bms

📔Github: https://github.com/Intswap-Labs/intswap-core-v1

📗Whitepaper: https://docsend.com/view/z53i4vmytmmj4f2b

📑Deck: https://docsend.com/view/vfmh7daywzm3abny

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 sustainable token economic model to NFT stakeholders.

NFT Marketplace Track

In recent years, NFT is developing real fast as a new type of crypto asset, innovation surrounding NFT has surged up. Among them, NFT Marketplace is a hot spot for innovation. Upon our analysis, currently there are the following main types of NFT marketplaces:

• Order Match: For example, Opensea, this kind of trading market uses order matching to facilitate transactions. This type of product usually adopts the development paradigm of off-chain matching and on-chain settlement.

Intswap believes that the centralization problem of this mechanism is serious. First, the matching of orders relies on off-chain operations, and fairness and credibility cannot be well guaranteed. Second, the trading market can usually decide on and off the NFT project at will, so the rights and interests of the NFT project party cannot be effectively protected.

• Fragmentation: Generally speaking, fragmentation mainly solves the problem of poor liquidity of NFT assets. This type of product allows NFT holders to stake and lock a certain NFT and an equivalent amount of Fungible Token (considering the accuracy of FT) will be minted and transferred to the owners. Consequently, this type of FT can be traded through the existing FT-enabled market, and any user can use the same amount of FT to redeem the staked NFT assets.

Intswap believes that there are three problems with this mechanism. First, FT prices cannot effectively reflect the real situation of NFT prices. Second, fragmented assets have no actual use value. Third, they are often prone to governance risks and cannot effectively protect all relevant stakeholders.

• Sub-Pool: Sudoswap, for example, usually relies on users to create on-chain smart contracts called sub-pool with AMM functions to implement limit orders for NFTs. Usually, such markets include Trader and Liquidity Provider (LP), which earn income by providing liquidity.

Intswap believes that there are two problems with this mechanism. First, there is a lack of effective liquidity incentives. In Sub-Pool, there is no unified standard for LP parameters, and the liquidity provision in each Sub-Pool is different. In theory, it is impossible to effectively quantify the contribution of LP to liquidity, and it is impossible to reuse the DeFi incentive paradigm. Second, LP’s market-making costs are expensive. In Sub-Pool, LPs are in a competitive relationship, and LPs need to actively adjust market-making related settings to obtain higher returns, which makes LPs have to face higher gas costs.

Since the value of automated market makers (AMM) in Fungible Token transactions are widely spread and recognized. In theory, the exchange ratio of the crypto assets pair is constructed through mathematical models during the exchange process. On the one hand, the simulation of matching the market based on the order book is realized at a lower execution cost. On the other hand, the restrictions on the performance and cost of the underlying chain infrastructure are greatly eliminated. We believe that AMM has great potential for marketplaces for NFTs without significant differences, such as PFP NFT Series. Based on this, we have designed a suitable NFT AMM Marketplace — Intswap. This Protocol has three major features:

Advantages of Intswap

Intswap mainly has the following three advantages:

• NFT AMM with aggregated Liquidity Providers (LPs): In Intswap, all LPs provide liquidity to NFT AMMs in an aggregated way, earn market making fees in the form of compound interest, and use an interest-bearing LP Fungible Token as the provider’s liquidity certificate.

• Dynamic Concentrated Liquidity: In order to meet the trading characteristics of the NFT market, we have designed an AMM with concentrated liquidity . AMM price ranges can be set to a specific range to reduce trading slippage. In addition, price ranges are allowed to be updated during the market making process, which greatly increases the flexibility.

• Liquidity Mining for NFT LP incentive: We have designed a modular NFT LP incentive platform and designed two specific incentive strategies. Intswap’s LPs can participate in profit sharing through STAKE LP Tokens to increase their mining revenue.

NFT AMM with aggregated Liquidity Providers (LPs)

We believe that the aggregation of LPs is very important for AMM. The advantages include the following two points: first, the operation is simple and low-cost, and there is no need for LPs to update quotations frequently to gain a competitive advantage due to high gas costs. Second, strong interoperability. By creating the NFT AMM with aggregated LPs, Intswap not only ensures ease of use and low cost, but also greatly enhances the interoperability of the protocol, bearing great potential for network value.

Users can easily exchange between Fungible Token and Non Fungible Token from Intswap. At the same time, you can also become a Liquidity Provider by providing Base Token and NFT to the fund pool according to a certain ratio, and earn Trader’s transaction fees.

Add liquidity

Different from Sub-Pool, Intswap adopts the method of aggregating LP, so that one type of NFT has only one pool, and all liquidity providers of the same type of NFT are in the same pool, maximizing the depth of the pool. In addition, Intswap changed the active market-making into passive market-making. LPs do not need to monitor prices in real time and make frequent adjustments. They only need to provide liquidity, and smart contracts monitor prices to choose the maximum income for LPs and reduce gas fees. LP is no longer a competitive relationship in the Sub-Pool. All LPs work together to contribute to the NFT pool and distribute rewards according to their proportion in the liquidity pool.

In Intswap, each corresponding pool will issue a tradable Fungible ERC-20 Token to serve as LP’s liquidity certificate, which is used to effectively quantify LP’s contribution to the pool. LP will mint the LP token for it during the add liquidity process, and burn the user’s LP Token during the remove liquidity process.

In Intswap, the share of trading fees is distributed using a compound interest method. The user does not need to actively collect it, and each trading fee share is automatically accumulated into the user’s liquidity principal, thus increasing the user’s market-making revenue as much as possible.

Remove liquidity

When LP is removing liquidity, due to the fluctuation of NFT price in the pool, it has to face a non-integer situation. When the user chooses to redeem, assuming that the NFT assets in the pool are 10.4, Intswap allows the user to perform the following three operations:

(1) Not fully redeemed. If the user freely chooses to redeem less than 10 NFTs, the corresponding number of Base Tokens will be redeemed.

(2) Liquidity is fully redeemed and NFTs are rounded up. That is to say, the user actively purchases 0.6 units of NFT (a total of 11 NFTs), and withdraws all Base Token (deducting the funds spent on purchasing 0.6 NFT).

(3) Liquidity is fully redeemed and NFTs are rounded down. That is to say, the user actively sells 0.4 units of NFT (the remaining 10 NFTs), and withdraws all Base Tokens (plus the proceeds from selling 0.4 NFT).

Royalty Supported

In Intswap, creators are allowed to set a reasonable Royalty Ratio accordingly. Intswap will collect Royalty in each transaction based on its own economic model system and combined with this parameter, and deposit it in the protocol’s Royalty Vault.

Royalty Vault is an on-chain smart contract that allows Creators to withdraw in batches.

Dynamic Concentrated Liquidity

Intswap achieves dynamic concentrated liquidity through innovative mechanism design, making its AMM more in line with the trading characteristics of NFT Marketplace, and the user’s transaction slippage is small.

Intswap introduces virtual liquidity, so that all liquidity is concentrated in a reasonable price range, so as to provide higher liquidity and greater capital efficiency through limited funds to reduce transaction slippage costs.

When purchasing the same amount of NFT, users need to spend less Base Token to purchase in Concentrated Liquidity’s AMM, and the average purchase price is lower. On the contrary, when users sell NFT, they get more Base Token and the average selling price is higher.

To sum up, this shows that the concentration of liquidity will reduce the transaction slippage of users and improve the transaction experience of NFT AMM.

Liquidity Mining for NFT LP incentive

We know that for any trading subject matter, liquidity is essential. This directly affects how difficult it is for potential traders to reach consensus around the underlying object. A highly liquid asset often has higher transaction activity. The current main business model of NFT Creator is to rely on royalty to maintain operations, while LP is an important force ignored by the market. Therefore, we design an effective incentive scheme for NFT LP, namely Liquidity Mining for LP incentive.

Intswap has designed a modular NFT LP incentive platform. Intswap’s LPs can participate in profit sharing by stake LP Token and increase their own income. Currently supported incentive strategies include the following three: Royalty Distribution、Yield Farming and Custom Incentive Strategy.

Royalty Reward Distribution: The creator can use the corresponding proportion of the funds in the Royalty generated by each transaction as a reward, and distribute it to all LPs in the staking pool according to the staking ratio, and the profit sharing is completed immediately along with the NFT transaction.

Yield Farming: Allow NFT Creator to lock a certain number of ERC20 Tokens as Reward Tokens and set the reward period. Rewards will be distributed according to the proportion of LP staking in the staking pool, and will be distributed in seconds.

Custom Incentive Strategy: In addition to the above two incentives, NFT Creator is also allowed to customize incentive strategies.

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 aims to Build DeFi into NFT. Intswap is a core piece of defi infrastructure that seeks to both improve NFT liquidity and become a middleware between NFT creators, traders and liquidity providers.

🌐Website: https://intswap.io/

🐦Twitter: https://twitter.com/Intswap_amm

🔗Discord: https://discord.gg/cvPJAz2Bms

📔Github: https://github.com/Intswap-Labs/intswap-core-v1

📗Whitepaper: https://docsend.com/view/z53i4vmytmmj4f2b

📑Deck: https://docsend.com/view/vfmh7daywzm3abny

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.

What is NFT AMM?

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.

Existing innovative cases on the NFT AMM track

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.

What Intswap is doing

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!

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 royalties.

According to the regulations of Opensea’s new tool, if the NFT project party wants to collect royalties in Opensea, it means that it must use the mandatory royalty tool.

But the tool will block all custom royalty platforms by default. If the project party does not want to block other platforms, it does not need to use the mandatory royalty tool provided by Opensea. The consequence is that it cannot collect royalties in Opensea.

The rules of the NFT trading market are not uniform, and royalties and handling fees are currently the main methods of games between platforms.

As an industry giant, Opensea’s move is undoubtedly to unify industry standards and try to monopolize market transactions.

Opensea occupies a large number of NFT market transactions, and it is delusional to use centralized coercive means to hinder healthy competition from other platforms to consolidate its industry position.

On the surface, it seems to maintain the creator’s copyright benefits, but in fact it hinders the creator’s right to choose independently, which is contrary to the vision of Web3.

Opensea’s move is enough to illustrate the current problems facing the NFT market.

This article mainly analyzes the following four pain points in the NFT market:

1. Highly centralized NFT Trading Platform

2. LOW NFT utilization rate & Capital Efficiency

3. Royalty Delimma

4. Insufficient Liquidity

Highly centralized NFT Trading Platform

The mainstream NFT trading market led by Opensea has obvious centralization and high degree of opacity. This type of platform implements the model of placing orders on the chain, matching off the chain, and trading on the chain, resulting in a high degree of centralization of the platform.

Taking Opensea as an example, these seemingly decentralized NFT trading markets are “not decentralized”. When people think that Opensea has no control over users’ on-chain assets, Opensea can freeze your NFT and remove NFT collections. The listing of NFT works needs to be reviewed by Opensea, and only Opensea has the right to formulate the standards and standards for the review.

Everyone knows whether this centralized mechanism is against the spirit of decentralization, but it is ridiculous that Opensea has become synonymous with the NFT trading market.

Fortunately, the era of Opensea’s dominance has passed, and the emergence of more and more NFT trading platforms has made the NFT market gradually healthy. Trading platforms such as X2Y2 and LooksRare are vying for market share. The emergence of NFT trading platforms with a high degree of decentralization such as Sudoswap has further solved the problem of centralization in the NFT trading market.

However, the decentralized NFT trading platform is difficult to operate and the cost of users is high, and Opensea uses centralized control to make the interface simple and the transaction more convenient, so 80% of the users in the market still gather on Opensea for transactions. How to optimize the decentralized trading platform and lower the threshold of use is the key to solving the problem.

LOW NFT utilization rate & Capital Efficiency

Homogeneous tokens can increase the utilization rate of funds through mortgage, leverage, borrowing, etc., while the general utilization rate of NFT is relatively low. Most of the investment income of NFT comes from the arbitrage of buying low and selling high.

In order to improve the utilization rate of NFT, platforms such as NFT lending, NFT leasing, and NFT derivatives have emerged successively to build NFT Lego.

The NFT lending market can mortgage NFT to obtain liquidity without selling NFT, such as BendDao. Similarly, NFT has the risk of being liquidated. NFT leasing enables holders to rent out their NFT to those in need to obtain benefits, such as Double. NFT derivatives, including NFT options, such as Putty; NFT perpetual contracts, such as NFTprep. In addition, the volatility of NFT is too large and it is easy to manipulate. As a result, NFT is prone to liquidation in NFT lending and NFT derivatives platforms, and lenders cannot truly estimate the value of NFT, resulting in the loss of NFT assets.

These projects aim to improve the utilization rate of funds, but they are still immature and need to be explored. It is foreseeable that the use of NFT derivatives has a high threshold and is difficult to master. However, increasing the utilization rate of NFT is the only way, and the market is still in an early stage. This process is full of doubts and difficulties, and needs to be further improved and explored in the mechanism.

As the oracle and quotation model gradually mature and the accuracy gradually improves, perhaps NFT-fi will eventually be recognized by the market.

Royalty Delimma

When the NFT standard was created in 2018, creator fees (sometimes referred to as ‘royalties’) did not exist. Now, on the royalty setting, the NFT trading market is arguing with creators and collectors.

Elimination of royalties, custom royalties, fixed royalties, and more recently mandatory royalties all validate the royalty battle. The value of artworks conflicts with the interests of commodities, and the setting of royalties cannot meet everyone’s needs.

NFT royalties allow creators to conduct secondary or even multiple sales. This model breaks the traditional art model, and allows NFT creators to continuously generate income through their NFT. On the contrary, some NFT trading markets, in order to improve the liquidity of NFT, will choose extremely low royalties or cancel royalties. The polarized “royalty debate” is flooding the web3 world.

Why Zero Royalty

• Reduce transaction costs and improve the liquidity of the NFT market

• Encourage creators or project parties to innovate and diversify the NFT market

SudoSwap pioneered its open-source sudoAMM, which attracted a large number of users by bypassing creator royalties and offering 0% platform fees. Solanart has taken it a step further by permanently waiving its platform fees.

In the NFT market, 8%-15% royalties are the norm. As the market went down, traders became less willing to pay high royalties and opted for more cost-effective alternatives. At the same time, supporters of zero royalties believe that popular NFT project parties can earn a lot of money by relying on royalties, and have no motivation to continue working.

The emergence of zero royalties obviously reduces the cost of traders and effectively increases the volume of NFT transactions. The low-cost environment allows NFT holders to do high-frequency transactions.

At the same time, eliminating royalties encourages creators to innovate further. Losing royalties, creators or NFT project parties will design more profit means to increase revenue, such as Pudgy Penguins brand peripherals. Improve the diversity of the NFT market.

Why Anti-Zero Royalty

• Lack of income sources prevents NFT project parties from continuing to operate

• More Rug Pulls and fake deals.

Zero royalties will indeed bring benefits to the NFT market, but the problem also exists.

For some creators and NFT project parties, royalties are their source of income. And mint sales are as “company equity”.

For these NFT project parties with insufficient funds, creator royalties provide sustainable development opportunities for NFT collections. In the short term, they can only use royalties to maintain short-term obligations. Zero royalties will cause many NFT project parties to be unable to continue operations, and eventually the NFT you hold may become worthless.

And under the low-cost market model, more fake transactions flood the NFT market, exaggerating the transaction volume of their projects. At the same time, under the premise of no continuous income, the price of mint may increase, and there will be more projects that choose rug pull after mint is completed. Ultimately the market will become less healthy.

How to Balance the “Royalty Controversy”

Creator royalties are an incentive game, and the current problem is that the incentives cannot be balanced. There is fierce competition among various platforms for the collection of royalties, and the key point should be on NFT creators. NFT creators should be able to “set the rules of the game” and decide how their creations are used, transferred, or traded. Platforms should not deprive creators of their voice. At the same time, NFT project parties should not only focus on royalties, NFT makes more economic models to balance the interests of creators, collectors and traders.

“Royalty battle” will be a long-standing problem in the NFT market, because it is impossible to satisfy everyone. The collision between art and reality, and the contradiction between ideals and interests make the battle for NFT royalties endless. What is certain is that if NFT wants to become the cornerstone of web3 development, then creator royalties respect the wishes of creators.

Insufficient Liquidity

Liquidity is not only important to the DeFi field, but also to the NFT market. The low liquidity of NFT is the consensus of the industry. Unlike homogeneous tokens, the uniqueness and uniqueness of NFTs lead to a serious lack of liquidity for NFTs. Lack of counterparties, difficulty in valuation, and difficulty in value consensus between both parties are all reasons for low liquidity.

At present, there are many solutions and projects to solve NFT liquidity in the market. The NFT loans, leasing and derivatives mentioned above are all solutions to improve NFT liquidity, but the development is not mature enough. In addition, NFT aggregation platform, NFT fragmentation, and NFT AMM are also the main measures to improve NFT liquidity.

The NFT aggregation platform is more like a collection of front-end entrances. Fragmentation is suitable for the specific needs of a certain NFT, and the AMM solution is more general.

NFT aggregation platform

The NFT aggregation platform can easily bring together originally scattered NFTs to meet the needs of users, such as Genie and Gem.

At the same time, the existence of aggregators can perform “batch” operations, saving time and gas, and reducing transaction fees and costs. Thereby increasing liquidity for the NFT market.

NFT Fragmentation

Definition Essentially, NFT fragmentation is the deployment of contracts to generate multiple ERC-20 tokens associated with an indivisible ERC-721/1155 NFT, such as NFTX.

To put it simply, fragmentation splits NFT through smart contracts, and multiple people share the ownership of NFT, reducing the purchase threshold. Mainly suitable for high-value NFTs.

NFT fragmentation can solve the liquidity problem of some NFTs, but it is not friendly to “long-tail NFTs”, and is more suitable for high-value NFTs. In addition, due to ownership issues, after the NFT was bought out, it was forced to sell the fragments in hand.

At present, the utility of NFT fragmentation is not high.

NFT AMM

NFT AMM is a decentralized alternative to off-chain order book centralized NFT markets such as Opensea, Magic Eden, etc. It mainly utilizes liquidity pools to achieve frictionless and low-cost transactions, such as Sudoswap.

The advantages and disadvantages of NFT AMM are very significant.

Advantage:

• Significantly increase NFT liquidity

• Completely executed by on-chain contracts, highly transparent

• New NFT transaction model, establish NFT liquidity pool

• Lower transaction fees and gas fees

• Batch transactions, more convenient

• arbitrage opportunity

Shortcoming:

• Pricing not broadly applicable to all NFTs

• The value of NFT is highly ignored, and the homogenization of NFT is serious

• Most of the audience users are arbitrageurs

At present, NFT AMM is an effective way to improve the liquidity of NFT. Using market makers to increase the liquidity of NFT, batch transactions save more costs, and trade at the most suitable price through the price curve. However, the shortcomings are also very obvious. NFT AMM is not suitable for blue-chip and expensive NFTs. But thinking about it from another angle, for blue-chip NFTs, users seem to be more willing to collect rather than arbitrage.

Looking back at the growth path of DeFi, it is a complete embryonic form of today that is made up of building blocks. “Trust-free” is the cornerstone of DeFi, and the chain of smart contracts is highly transparent as a premise, so that we can have a high degree of trust, but the traditional NFT trading market cannot do this, which virtually increases the cost of entry. Today, the craze for liquidity mining has faded, but for Lego of DeFi, the evolution of the combination behind it has never stopped, and AMM is an important part of it.

Similarly, NFT AMM has initially emerged, and the transactions on the chain are highly decentralized, which solves the problems faced by the traditional market, but it is not perfect enough to fundamentally solve the liquidity problem. If you want to really improve liquidity, you must let more NFT holders become market makers and establish a liquidity pool. On the basis of the original NFT AMM model, a new incentive model will be established around the “NFT liquidity provider” to encourage more people to provide liquidity for the market and solve the problem from the root.

It is worth affirming that the NFT AMM mechanism has a great impact on the traditional NFT market. After the construction of a new incentive model and token economic model, it will be the biggest driving force to solve NFT liquidity.

The NFT track is still strong

Rapid development in any field is not necessarily a good thing. NFT has grown from being uninterested in the early days of its birth to a popular track in the past two years. The development speed is too fast, causing bubbles to flood the entire NFT field. A simple “avatar” can be sold for several or even dozens of ETHs. The benefits are greater than the vision, and there are inevitably many problems.

For the above four “industry mountains”, we can solve the problem from the following angles:

• Enhance the degree of decentralization and improve the transparency of the NFT industry

• Rationalize the setting of royalties and balance the relationship between the NFT trading market, creators and traders

• Improve the capital efficiency of the NFT market and improve NFT derivatives

• Create a new token economic model around market makers and creators to improve liquidity

The NFT track is still strong, but the current development is too limited, and the project side reproduces the same thing without really realizing the problem.

If the pain points of the industry are solved from the above four points, on the basis of AMM, by learning the way forward of traditional DeFi, build a brand new “NFT Lego”, redesign the incentive method around the “NFT market maker”, and create a new token economic model , then I believe that the NFT market will form a new paradigm!

👀Let’s take a look at the comparison of the 6 major NFT marketplaces👇

Opensea

Opensea 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 issue tokens to give back to the community.

2️⃣ The handling fee of the OpenSea platform is much higher than that of mainstream trading platforms in the market.

3️⃣ Opensea does not solve the liquidity dilemma of NFT.

Looksrare

The transaction volume of LooksRare once surpassed Opensea and became the biggest competitor of Opensea. Although its function is the same as that of Opensea, looksrare is mainly based on its mature token economic model, pioneered NFT transaction mining and provides zero royalty transactions.So can Looksrare really surpass Opensea? In fact, Looksrare does not seem to solve the NFT liquidity problem, and there are a lot of wash trading, which brings more noise to the development of the industry.

X2Y2

X2Y2 claims to come from the community and serve the community. About 80% of the platform tokens are distributed to the community. The innovation lies in the rewards for NFT list orders, as well as 0% fee NFT loan services with lower platform transaction fees.Due to NFT-listing rewards, X2Y2, like looksrare, has a large wash trading volume,which makes it difficult for beginners to assess the real market value and demand of NFT.

Element

Element is an NFT Marketplace for cross-chain aggregation. With smooth user experience, Element has dominated on the BSC chain. However, Eelement’s homogeneity is too high and its innovation is insufficient, so it has not been able to carve up a small share in the Ethereum market.Beyond that, element‘s tokenomics, gov system and necessary info haven’t been fully announced, resulting in less community trust.

Blur

Blur, as an aggregator NFT trading platform with real-time trading, one of the biggest advantages is the transaction speed. Meanwhile, 0% platform fees and incentive royalties (the higher royalty , the more blur airdrops you get) are also friendly. The disadvantages of Blur is also obvious. The high gas fee brought by fast speed, and whether Blur’s economic model of 0% platform fees is sustainable.

Sudoswap

Sudoswap is an NFT DEX based on the AMM trading protocol, which aims to the NFT liquidity problem. Simultaneously, users can establish mining pools, provide liquidity for their own NFT, and control the pricing of the fund pool by themselves.0 royalties seems also very user-friendly.However, Sudoswap’s transaction model cannot reflect the difference in NFT rarity, and its application scenarios are relatively limited. It is only suitable for some long-tail projects or NFT with a high degree of homogeneity.

The NFT platform war has started, who are there any cooler cases ?

Again sorry for the inconvenience, but we converted our audio version of AMA into a text version in time. 

The event W3ST can still be claimed, and the reward is a decentralized lottery on the chain. Please check in time to see if you have won the prize.

AMA Schedule

Title: Intswap Seed Testnet Discord AMA

Participants: Intswap

Time: March 13 Mon, 9:00 AM, GMT

Reward: $100 USDT & WΞST

Agenda:

1. Self introduction

2. What is Intswap?

3. What is "INTSWAP Seed TESTNET" ?

4. Introducing "INTSWAP Seed TESTNET" 

5. How to play "INTSWAP Seed TESTNET"? 

6. How to become "INTSWAP Seed TESTNET" winner? 

7. About award distribution and benefits. 

8. Q&A

AMA Text Script:

1.Self introduction

Hey everyone, welcome to Intswap community discord AMA. I am the co-founder of Intswap - Mario. It's been a month since our last AMA and it was a pleasure to discuss it with you all again.

With the recovery of the crypto market, the NFT track has received more attention. More NFT infrastructure and applications are emerging one after another. At the same time, Blur's successful airdrop campaign has also attracted more attention to the NFT Marketplace.

Intswap is the first-ever decentralized NFT AMM with NFT/FT LPtokens as well as a liquidity solution for NFTs. Compared to the existing NFT Marketplaces, Intswap has three core designs making it more competitive, including aggregated Liquidity Providers (LPs), 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 sustainable token economic model to NFT stakeholders. 

OK, let me talk about the theme of this meeting first. I believe everyone knows that our test network "INTSWAP Seed TESTNET" was launched a few days ago. This AMA is mainly an introduction to the activities of the Intswap testnet. At the same time, many users have some questions on the testnet. We will introduce and answer the rules of the Int testnet in detail through this AMA. At the same time, users participating in this AMA can receive INT Link3 Web3 status token, which is the qualification to enter the INT test network. Remember to collect it after the meeting.

The meeting lasts approximately 40 minutes. At the end of the meeting, there will be a question-and-answer session. Partners who have questions can ask questions in the question-and-answer session, and I will answer them one by one.

2.What is Intswap?

In the last AMA, we discussed in detail what Intswap is, as well as the advantages and characteristics of Intswap. But there are many new friends at this conference, so let's briefly introduce Intswap again.

INT SWAP is a decentralized, highly capital-efficient NFT AMM with aggregated liquidity providers and a solution for NFT liquidity.

Compared with the existing NFT Marketplace in the market, the advantages and characteristics of Intswap are mainly reflected in three aspects:

NFT AMM with Intswap Providers (LPs): In Intswap, all LPs provide liquidity to NFT AMMs in an aggregated way, earn market making fees in the form of compound interest, and use an interest-bearing LP Fungible Token as the provider's liquidity certificate.

Concentrated Liquidity: In order to meet the trading characteristics of the NFT market, we have designed an AMM with concentrated liquidity . AMM price ranges can be set to a specific range to reduce trading slippage. In addition, price ranges are allowed to be updated during the market making process, which greatly increases the flexibility.

Liquidity Mining for NFT LP incentive: We have designed a modular NFT LP incentive platform and designed two specific incentive strategies. Intswap's LPs can participate in profit sharing through STAKE LP Tokens to increase their mining revenue.

3.What is "INTSWAP Seed TESTNET"

Through the description just now, I believe everyone has a preliminary understanding of Intswap. Next, let's talk about the activities of "INTSWAP Seed TESTNET" in detail.

The functions of Intswap have been perfected at this stage, and our team is fully prepared. At the same time, Intswap also has a group of loyal users. In order to let everyone experience the functions of Intswap as soon as possible, we launched "INTSWAP Seed TESTNET". Our original intention for this round of testnet is to hope that early users of Intswap can experience product features in advance, so we set up a whitelist, and only users in the whitelist can experience the testnet.

4.Introducing "INTSWAP Seed TESTNET" 

Next I will introduce the rules of "INTSWAP Seed TESTNET" in detail.

First of all, the time of "INTSWAP Seed TESTNET" is from March 7th to March 21st. Users in the whitelist can directly access the Intswap testnet. You can find the testnet link in our pinned tweet. To experience the functions in the Intswap test network, mock-int tokens will be generated, and the number of mock-int tokens obtained by different functions is different. The mock-int token is just a virtual token in the testnet. We will rank according to the number of mock-int tokens. At the end of the event, the top 10% users will be considered the winners. The winning users will share $200, and each winning user will receive INT builder-NFT . INT builder-NFT will have the opportunity to receive INT airdrops in the future, which is of great value.

Second, only whitelisted users can participate in the Intswap testnet. So how can I get the whitelist? 

Intswap’s whitelist users include three types. The first is INT Link3 Web3 status token (W3ST) holders. W3ST can receive it by participating in Intswap Link3 AMA, including the last AMA and this AMA. The second is INT-Pioneer SBT holders, including INT-Pioneer SBT issued by Intswap on the trantor platform and INT-Pioneer SBT issued by Intswap on the Quest3 platform. The third is to obtain by filling out the form and applying.

If you missed the previous event but still want to participate in the Intswap testnet event, you still have three ways: First, you can receive the INT Link3 Web3 status token (W3ST) after this AMA event. Second, participate in Intswap's activities on the Quest3 and Trantor, which is still in progress. Third, fill in the form. 

What I need to tell you is that since the form needs to be manually reviewed by Intswap staff, it will be slower. If you want to quickly participate in the testnet, the best choice is to complete Intswap's activities on the Quest3 and Trantor platform. In the Intswap-Quest3 event, not only can you obtain testnet qualifications, but we also set up USDT rewards for everyone.

You can find all the above event information, form links, etc. in the official Intswap pinned tweet. If you have any questions, you can DM admin at any time.

5.How to play "INTSWAP Seed TESTNET"? 

Next, let me tell you about the gameplay in the Intswap testnet.

First of all, the Intswap testnet is launched on Polygon Mumbai, don't forget to switch networks.

Second, whitelist users can claim NFT and mock-mWmatic every 24 hours. Intswap provides a total of 5 types of NFT. Users can receive 5 NFTs every 24 hours, only one of each type, and 1000mWmatic every 24 hours.

In addition, the Intswap page is divided into five parts: "Discover", "Swap", "Liquidity", "Creator", "LP Mining".

In "Discover", you can see all NFTs Listings, and you can choose your favorite NFT to browse and trade.

"Swap" can conduct NFT buying and selling transactions, select the NFT you want to buy or sell, and the system will automatically calculate the price for you and complete the sale.

In "Liquidity", you can provide mock NFTs-mock mwmatic liquidity. There is a bit of ingenuity here. There is only one pool for each type of mock NFT. If the mockNFT you want to add liquidity has already been added by someone else, then you don’t need to create a pool again, just add liquidity directly. However, if you are the first to add the mockNFT liquidity, you need to create a pool. In the test network, our technicians have created all mockNFT pools in advance, and you can directly add liquidity.

"Creator" is for NFT project parties or creators, which we will not emphasize here.

"LP Mining" is very interesting. Users who have performed "add Liquidity" can notice that when liquidity is successfully added, a certain number of LP tokens will be obtained. You can stake LP token into LPMining, and you will earn income. I believe that users who are familiar with DeFi are no strangers to "LP Mining". Simply put, it is able to stake mining and earn income.

In the Intswap test network, "Swap" and "LP Mining" will all generate mock-INT token rewards. What needs to be reminded is that in the Intswap test network, we prohibit mock-INT transfers, transactions. The purpose of this is to give all participants a fair environment, and I hope everyone can understand and support.

The above is a brief introduction to the Intswap testnet gameplay. Similarly, if you have any questions, you can directly DM admin, and we will patiently answer all your questions.

6.How to become "INTSWAP Seed TESTNET" winner? 

Through the various ways of playing the above Intswap testnet, you can get different numbers of mock-int tokens. On the Intswap testnet page, everyone's ranking and the total number of people participating in the testnet will be displayed. We will select the top 10% as the winners of the final "INTSWAP Seed TESTNET". 

Considering that this test is an internal test, the number of people may not be large, so if the number of participants is less than 100, we will select the top ten as winners to increase everyone's probability of winning.

So how can you improve your ranking? First of all, you need to clarify which items can obtain mock-int tokens, and secondly, you need to clarify the proportion of mock-int tokens obtained by each item. There are two behaviors for obtaining mock-int, namely "Swap" and "LP Mining". The proportion of mock-int allocation for the three behaviors is Swap: 50%, LP Mining: 50 %. Therefore, everyone should already know how to get more mock-int tokens. Only by getting more mock-ints can you improve your ranking and increase your chances of winning.

7.About award distribution and benefits. 

We adopt an absolutely fair reward distribution system. According to what was just said, the winners belong to the top 10% of the rankings. On the Intswap testnet Idol page, you can see the number of people currently participating in the testnet, so you can calculate the number of the top 10%. So this is public data. We will take a snapshot at the end of the event. The winner will receive the exclusive INT builder-NFT through the on-chain platform and share $200. All of this is open and transparent.

Also, the good thing about the winner. In addition to the above $200 and INT builder-NFT, the winner will become Intswap builder and gain INT-Testnet winners role in discord. Most importantly, INT builder-NFT holders have the opportunity to get INT airdrops in the future and become Intswap’s core users.

In addition, we welcome users to find bugs for Intswap and give us timely feedback. If a major bug is found, Intswap will directly give INT builder-NFT to express our gratitude.

*END*

Finally, in order to compensate users who cannot receive W3ST due to network problems, Intswap will hold AMA again at another time to ensure that everyone can participate normally. Please pay attention to Intswap’s twitter in time.

Thank everyone for your overwh.

NFT marketplaces Overview

Currently, there are 3 major types of NFT Marketplace:

1.Order Match : such as Opensea, this type of product usually adopts the development paradigm of off-chain matching and on-chain settlement. The seller needs to create an on-chain smart contract wallet, authorize the NFT to the wallet, and then create an off-chain order and sign it. The signature is used to prove the legitimacy of the off-chain order, and the order will be saved in the centralized database of the trading platform. After the buyer confirms that the order is suitable, the token will be executed through the on-chain matching system to complete the transaction.

Disadvantages: serious centralization. 1 it relies on off-chain matching, the process cannot guarantee fairness and credibility. 2 The trading platform can usually decide whether to list a certain NFT project or not at will, and the NFT projects’ interest cannot be guaranteed.

2.NFT Fragmentation: NFTX is the representative . NFT Fragmentation aims to solve the problem of poor liquidity of NFT assets by dividing NFT to FTs. NFT holders issue Fungible Tokens of equivalent value by staking NFTs, and then such FTs can be traded through the existing supported markets, AMMs. At the same time, the corresponding staked NFT assets can also be redeemed by using the same amount of corresponding FTs.

Disadvantages:**1 FT has no way to truly reflect the price of NFT. 2 fragmented assets have no actual use value. 3 This mechanism is usually prone to governance risks, that is, malicious attackers permanently lock the staked NFT through different ways such as burning part of the FTs.

3.Sub-Pool NFT AMM: Sudoswap is the first AMM with limit order for NFT realized by creating an on-chain smart contract named Sub-Pool with AMM function. Traders can choose to trade directly in the corresponding Sub-Pool according to their own needs. There are two types of users in this market: Trader and Liquidity Provider (LP). Only buy and not sell or only sell and not buy), and LP can choose to create a two-way Sub-Pool (both buy and sell) to earn income by providing liquidity.

Disadvantages: 1 it lacks an effective liquidity incentive plan, and the provision of liquidity can only earn a small portion of handling fees as income. 2 LP market-making costs are high. LPs under the Sub-Pool mode are usually in a competitive relationship. In order to increase the transaction rate and obtain higher handling fees, LPs need to update the market-making period in a timely manner to ensure that the price is more recognized for quick transactions. This makes LPs have to face Higher gas.

In short, Opensea, Blur and other off-chain order matching platforms provide the infrastructure for the NFT marketplaces track. The traditional trading market model has tended to be perfected, and NFT fragmentation is also gradually developing. Next, let’s turn our eyes to another potential segment in the NFT market, NFT AMM.

NFT AMM Vertical

Before the emergence of NFT AMM, the centralized platform of off-chain order book type occupied most of the main NFT market. Opensea almost monopolized this vertical, but it could not further improve the liquidity of NFT. How to further improve the liquidity of NFT? It has always been a problem.

With the continuous development of NFT, related innovations around NFT have not stopped. NFT fragmentation, NFT lending, Perpetual Swap and other derivatives continue to emerge, and NFT AMM is a new star on the track.

“NFT AMMs are a decentralized alternative to off-chain order book centralized NFT marketplaces like Opensea, Magic Eden, or Blur, primarily leveraging liquidity pools for frictionless and low-cost transactions.” Add liquidity and earn a certain transaction fee.

NFT AMM is fully executed on the chain. For buyers and sellers, instant buying and selling can be realized through the pool, and pending orders similar to Opensea can also be used. For LPs, it is possible to provide NFT-token bilateral market making to earn income.

When the liquidity is sufficient, instant transactions can be completed, forming support for NFT, and helping long-tail NFT gain value. 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:

• Completely decentralized and highly executed on the chain: Compared with traditional NFT trading markets such as Opensea, NFT AMM is highly decentralized, and it is completely released, bid, and traded on the chain, which is safer.

• Efficient and flexible: NFT-token's direct participation in market making leads to higher efficiency and higher sales, and custom parameters make it more flexible.

• New NFT Fi infrastructure: NFT AMM can be used as the underlying infrastructure of NFT Fi, providing a new path for the development of NFT Fi, so as to give full play to its composability and create NFT Fi Lego.

• Flexible incentive methods: The emergence of NFT AMM has created more incentives for traders and LPs, and deeply binds NFT project parties and LPs to achieve long-term incentives and build a healthier community.

• High liquidity, instant transactions: Since the liquidity provided in NFT AMM will be rewarded with service fees, compared with off-chain order book forms such as Opensea, NFT AMM has higher liquidity and can instantly complete NFT transaction.

• Reduce costs and increase profits: Fortraders, in the traditional market, when they want to buy or sell multiple NFTs, they need to consume multiple gas fees. Batch buying and selling can be completed in NFT AMM, and only one gas fee is spent, which reduces the cost. For LPs, providing liquidity in NFT AMM can earn transaction fees and other rewards to increase income.

Pioneer—Sudoswap

In July last year, the emergence of Sudoswap broke the status quo of the traditional NFT trading market and brought NFT AMM into the spotlight.

The NFT AMM represented by Sudoswap applies the concept of decentralized exchange (DEX) in the DeFi project to the NFT field, introduces the DeFi AMM model, and creates a liquidity pool for NFT-Base Token through market makers to make it more convenient. The fast and decentralized on-chain limit order transaction replaces the cumbersome off-chain order book form to improve the liquidity of NFT.

It consists of many separate NFT liquidity pools, each of which is managed by an LP, which can control the pricing function curve, initial fee, incremental threshold, and transaction fee ratio. This mode is what we mentioned before: Sub-Pool (sub-pool).

SudoSwap launched on the Ethereum mainnet in early July 2022. With novel transaction methods, low transaction costs, zero royalties and airdrop expectations, it quickly attracted a large number of NFT users.

The emergence of Sudoswap ignited NFT AMM vertical, and then hadeswap, tensor, LinoSwap and other NFT AMMs emerged. These NFT AMMs are similar to Sudo, and the homogenization is serious. The NFT AMM track ushered in the first dilemma, innovation seems to be difficult indeed.

NFT AMM Game Breaker - Intswap

If Sudoswap is the "pioneer" of NFT AMM, then Intswap is the "breaker" of the NFT AMM dilemma.

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 aims to Build DeFi into NFT. Intswap is a core piece of defi infrastructure that seeks to both improve NFT liquidity and become a middleware between NFT creators, traders and liquidity providers.

Intswap is a NFT AMM that groundbreakingly adopted aggregated liquidity provider LPs (LP token), dynamic concentrated liquidity and LP incentives (LP Mining).

• Aggregated Liquidity Providers (LPs): All LPs provide liquidity to NFT AMM in an aggregated manner, earn market-making fees in a compound way, and issue an interest-bearing LP Fungible Token as the Provider's liquidity certificate.

• Dynamic concentrated liquidity: The core is to set the price range of AMM to a specific range to reduce transaction slippage and boost capital efficiency. And the price range is allowed to be updated during the market-making process, which greatly increases flexibility.

• Liquidity Mining for NFT LP incentive: A modular NFT LP incentive platform, and two specific incentive strategies have been designed. LPs can participate in profit sharing by stake LP Token to increase their own income.

To put it simply, Intswap first aggregates LPs, and similar NFTs only provide a pool of NFT-Base tokens. The same standard is used to achieve effective quantitative contributions. LP-tokens are issued according to the contribution ratio, and LP-tokens are staked for mining. excitement. Secondly, through the concentration of liquidity, the depth of the pool is increased, the transaction price is better, the gas is reduced, and fast transactions are achieved. Finally, the incentives for LPs are completed through LP Mining.

As mentioned above, NFT AMMs such as Sudoswap and Hadeswap all adopt the Sub-Pool paradigm. Intswap is different, it abandons the Sub-Pool model and directly adopts trading pairs. Next, we will compare and explain the main differences between sudoswap and Intswap.

Difference 1: Sub-pool and single pool Sudoswap: Sub-pool is adopted, which consists of many separate NFT liquidity pools, and each liquidity pool is managed by an LP. This is also currently the most common form of NFT AMM. Since the parameter setting of each LP in the Sub Pool has no uniform standard and is in a discrete state, the liquidity provision of each Sub Pool is not the same (quotation, depth provision, etc.), so the contribution of LP to liquidity cannot be effectively calculated theoretically. Quantify. Secondly, the market-making cost of LP is expensive. Under this paradigm, LPs are usually in a competitive relationship. In order to increase the transaction probability and obtain higher fee income, LP needs to update the market-making related settings in time to ensure its Sub- Pool's quotation is easier to be recognized by Trade, which makes LP have to face higher gas costs.

Intswap: Aggregate liquidity in an AMM Pool by aggregating LPs. Contrary to Sudoswap, a type of NFT in Intswap only allows one pool, and only the first person to create the pool can set the price, and subsequent users who add liquidity provide Base Token and NFT to the pool according to a certain ratio in the spot price. All LPs of this type of NFT are a collective. When a buying and selling transaction occurs in the pool, the price of the NFT will change accordingly, and the handling fee generated at the same time will be distributed by the NFT LPs according to the contribution ratio. Therefore, there is no competition between LPs, and there is no need to spend high gas to adjust the market-making in terval.

Each NFT pool will issue an ERC-20 Token as a liquidity certificate for LP, which is called LP Token. When the user successfully provides liquidity for NFT, a certain amount of LP Token will be minted in their wallet. According to LP's contribution to the pool, a corresponding number of LP Tokens are obtained, and the contribution of LP is accurately quantified in order to do more incentive models.

Summary: Sub-pool cannot accurately quantify the contribution of LP, Sudoswap cannot do LPmining and cannot use a more flexible way to motivate LPs, while Intswap accurately quantifies the contribution of LP through LP Token, so it can use a more flexible way to motivate LP, implements LPmining. (In DeFi, by staking a Fungible Token used to record the share of liquidity provided by LPs and earning rewards, it is usually called Yield Farming or Liquidity Mining, which is a common liquidity incentive scheme.)

Besides, in Sudoswap, LP is an active market maker, who needs to customize quotations, curves, etc., and needs to be actively adjusted. On the contrary, Intswap changed active market-making to passive market-making. There is no need for competition between LPs, and there is no need to adjust the market-making interval, thus saving a lot of time, cost and gas.

Difference 2: Decentralized Liquidity vs Dynamic Concentrated Liquidity Sudoswap: In Sudoswap, since each LP is an individual, it is a dispersed liquidity. The liquidity will be evenly distributed along the price curve in all price ranges between 0 and infinity, the liquidity at the edge is difficult to be utilized, and the liquidity LP that cannot be utilized will not be able to obtain benefits. This is a natural threshold for LP's operation and awareness, and it is difficult for newcomers to earn income.

Intswap: Intswap adopts a method of dynamic concentrated liquidity, similar to Uniswap V3, and concentrates all liquidity in a reasonable price range to reduce transaction slippage costs and focus on maximizing capital efficiency. Like Uniswap V3, Intswap uses the X*Y=K formula. Through calculations, it is found that when purchasing the same number of NFTs, users need to spend less Tokens to purchase in concentrated liquidity AMMs, and the average purchase price is lower. Conversely, when selling the same number of NFTs, users will get more Tokens in concentrated liquidity AMM sales, and the average selling price will be higher. Therefore, in Intswap, concentrated liquidity is adopted to effectively utilize all liquidity, and the price range is around the floor price of the NFT. The price range does not require LP to actively adjust, and it is set by the NFT project party or creator to ensure the most suitable range. The so-called dynamic means that the price range will be adjusted in time as the price of NFT changes to ensure the best.

Summary: Through the comparison above, we found that concentrated liquidity has better capital utilization. For traders, the greater the depth, the faster the transaction, the lower the transaction slippage, the lower the cost, and the higher the selling price. For LPs, all the funds are utilized, without manually adjusting the market-making range, the market-making cost can be minimized and the market-making income can be effectively increased, and each transaction can get a share of the handling fee.

Difference 3: LP Mining Sudoswap: As mentioned above, due to the Sub-pool model adopted by Sudoswap, it is impossible to accurately quantify the contribution of LPs, so the traditional Liquidity Mining incentive scheme of DeFi cannot be adopted.

Intswap: Create a unique LP Mining (Liquidity Mining) module and set up an effective incentive scheme for NFT LP. Each created NFT-Base Token transaction pair has an exclusive staking pool, and any LP can pledge its LP Token to the corresponding staking pool to earn excess returns in addition to transaction fees.

Currently, Intswap has set up three incentive strategies: Royalty Reward Distribution, Yield Farming and Custom Incentive Strategies.

1. Royalty reward distribution: This strategy allows NFT Creator to set a Ratio for its LP, and use the corresponding proportion of the royalties generated by each transaction as a reward, and distribute it to all LPs in all staking pools according to the proportion, and then complete the profit sharing , to achieve a win-win situation for creators and LPs.

2. Yield Farming: This strategy allows NFT project parties or creators to lock a certain number of ERC20 Tokens as rewards, and set a reward cycle. The rewards are released every second and distributed to LPs in proportion.

3. Customized incentive strategies: In addition to the above two established strategies, project parties are also allowed to design custom incentive strategies according to their own needs to improve flexibility.

Summary: We know the importance of liquidity and LP in the DeFi market, but in the NFT trading market, LP (market maker) has always been a neglected force. Although the existing NFT trading market is also going to motivate LP, the incentive strategy and the implementation plan adopted are not satisfactory. And if a new paradigm like Intswap can intensify the power of LPs by continuing to use the cornerstone of DeFi's success-LP Minging, blood circulation can truly revitalize the liquidity of the NFT market. This is a new economic model that is win-win for all parties, because there is no royalty in defi, but in the economic cycle of NFT AMM. For LPs, LP Minging can earn more income in addition to handling fees. For creators, they can better motivate users, create incentive strategies and activities in line with their own communities, improve the flexibility of operations, and form a new paradigm that is very worth looking forward to.

The way forward for NFT AMMs

As the pioneer of the NFT AMM track, Sudoswap has attracted the attention of users, brought dawn to the NFT AMM track, and provided an innovative NFT liquidity solution. For more than half a year, Sudoswap has gained a place in this market full of powerful enemies by itself, which is obviously a success. Now, as a rising star, Intswap has found its own positioning and advantages in the NFT AMM track, took over the baton from Sudoswap, and continued to set sail.

Intswap broke the inherent model of Sudoswap and changed the market structure of NFT AMM through three innovative mechanisms. For ordinary users, the gameplay of this product is simple, and some novice users will not be blocked because of the high knowledge threshold. For traders, faster transaction speed and less transaction costs are very important. For LPs, the aggregation method makes the operation easier, the dynamic concentrated liquidity maximizes the capital efficiency, and the passive market making will save a lot of time, cost and gas, LPMining brings more benefits to LP. For NFT project parties or creators, a more flexible incentive model can better reward LP's contribution and provide circular liquidity for the project.

LP Mining is an important part of the development of NFT-Fi. The previous simple and non-sustainable NFT business model may be changed. NFT project parties can be deeply bound with LP and use LP Mining as a new type of incentive. As a new NFT-Fi building block, LP Mining can give full play to its flexibility and composability, create a platform-based underlying infrastructure, and gradually achieve a complete NFT-Fi system.

Sudoswap's NFT AMM leading position has not been surpassed by any project so far, but this also reflects the exhaustion of innovation in the market from the side. Intswap broke the deadlock on the track, and the era of NFT AMM contention may come. Both Sudoswap and Intswap are contributing to the advancement of the NFT track.

Expectation: NFT-Fi Summer

The NFT track has been very popular in the past two years and has become an indispensable and important chapter in the crypto world. Although the downturn of the crypto market in 2022 will affect the progress of NFT, the NFT track is still active compared to other sectors.

Due to the lack of liquidity of NFT itself, the demand for NFT Fi has been derived. The market has begun to try and explore the financialization of NFT from the directions of NFT transactions, aggregators, lending, fragmentation and AMM. With more and more NFT empowerment, the territory of NFT Fi continues to expand, and is no longer limited to the main body of NFT. The future ecological sector will be more rich and extensible, and every prominent project will become NFT Fi of a building block.

In 2020, everyone knows about "DeFi Summer". The concepts of "Liquidity Mining" and "Yield Farming" make DeFi crazy throughout the summer and accelerate the progress of the DeFi ecosystem.

Today, the concept of Liquidity Mining has once again entered our field of vision with NFT. Intswap hopes to use the new attempt of "NFT LP Mining" to usher in "NFT-Fi Summer" in 2023 and set off a wave of NFT-Fi.