FloorDAO
FloorDAO uses Olympus-style bonding to sweep NFT collections' floors, enabling new DeFi use cases for NFTs. Also based off of NFTX, FloorDAO provides NFT holders with instant liquidity, DeFi composability, and floor support.[1]
History
FloorDAO was announced on December 27th, 2021 over Twitter and on the project's blog.[2][3] To bootstrap the fair launch of FloorDAO, NFTX loaned the project 500 Eth.[4] The DAO announced they would fair launch in a Copperlaunch liquidity bootstrapping pool.[5] Accompanying the LBP launch was also a unique mechanism of Punk bonding, where users could bond Crypto Punk NFTs in exchange for Floor tokens. This "staked" Punk would be sent to NFTX to generate yield, creating deeper liquidity and inventory. In addition to this the Punk trading fees accumulated in FloorDAO.[6]
References
- ↑ https://blog.floor.xyz/floordao-hello-defi-meet-nfts-f16b986ed3b7
- ↑ https://twitter.com/FloorDAO/status/1475524286584659969
- ↑ https://blog.floor.xyz/floordao-hello-defi-meet-nfts-f16b986ed3b7
- ↑ https://snapshot.org/#/nftx.eth/proposal/0x0400bc81f2152772510636f8df9762e14abdeaf9751a50a5c035b93d94aa7421
- ↑ https://blog.floor.xyz/floor-tokenomics-66b80adbad27
- ↑ https://blog.floor.xyz/floor-tokenomics-66b80adbad27