What is Nibbl?
Nibbl is a perpetuals DEX for NFTs, offering a unique approach to NFT trading and providing liquidity.
On Nibbl, users can engage in various trading activities. They can take both long and short positions on a range of popular NFTs allowing them to capitalize on the NFT market movements in either direction. Additionally, traders on Nibbl can leverage their positions up to 20X times. Liquidity providers can deposit their WETH in the vault to earn yield through the trading fees accrued.
Our Team and Backers๐ซ๐ค
At Nibbl, our close-knit team brings together diverse experiences from leading blockchain companies like Gnosis, Biconomy, Zilliqa, and Tezos.
Nibbl is backed by trusted VCs and founders including @LongHashVC, @Collab_Currency, @trueventures and founders of @0xPolygon, @TheSandboxGame & @GnosisDAO.
Having successfully launched Nibblโs v1 product of co-ownership of NFTs, our team has set its vision on redefining the NFT perpetuals market.
Nibbl overview ๐
Nibblโs platform is designed for low slippage and low fees, optimizing the trading experience through its unique Unified Liquidity AMM. Nibbl can provide support to new and upcoming NFT collections for traders to long/short almost instantly due to its unique architecture.
This design also reduces liquidation risks by aggregating prices from various NFT marketplaces. Its custom oracle relies on spot prices for its price feed, ensuring real-time accuracy.
Nibbl exclusively utilizes ETH for liquidity, allowing users to deposit ETH and earn yield on their idle ETH.
Testnet Trading Competition 1 ๐๐
Nibbl is launching its first open-to-all testnet trading competition soon.
Early NFT adopters, NFTfi users, perpetual traders, and certain NFT communities are eligible for early access (whitelist) to the trading competition before public launch.
Whitelisted users get a 2X multiplier on their points earned in the competition and get a chance to farm Nibbl points earlier than others.
All participants can win exciting rewards, including NFTs like @LilPudgys, @y00tsNFT, and @BEANZOfficial as well as Nibbl points which will later be convertible into Nibbl's token.
Good luck with the trading competition and may the trading force be with you ๐
For more details, visit our blog https://t.co/Xgeqo1SoqL.
If you are eligible for the trading competition, complete the Galxe task to earn a whitelist spot. https://t.co/spyNo2dsK8
Did you know Nibbl is designed to support as many NFT collections as we want, offering traders the flexibility to long/short upcoming collections with ease?
Check out the thread below to discover the secret behind our seamless integration ๐
GM Nibblers! Exciting news awaits! ๐
Registration for Nibblโs testnet trading competition 1 is extended!
Whitelisted users, seize the extra time to claim your participatooor badge. Stand a chance to win Lil Pudgy, Y00ts, and Beanz, with a 2X points multiplier!
GM Degens!๐โจ Brace yourselves for Nibbl's Testnet Trading Competition 1 ๐kicking off on Jan 20th! ๐Climb up the leaderboard & win exciting rewards, including NFTs like @LilPudgys, @y00tsNFT & @BEANZOfficial & earn Nibbl points which will be converted to Nibblโs token in the future!
Exciting News, Nibblers! ๐โจ
You donโt want to miss out on this! The excitement is about to unfold. ๐๐
Follow, turn your notifications on, and join our discord(link in bio)!
A trader requires a comprehensive understanding of onchain asset perpetuals before he can start trading. Let's dive down into some concepts involved when trading NFT perps on Nibbl๐งต๐
๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐
I just had 436 Rainbow Points dropped into my wallet โ everybody has at least 100 points waiting for them, but you might have more!
Claim your drop: https://t.co/VQvCR6KbeW
๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐
Onchain asset perpetuals can be a useful tool for hedging your portfolio during a bear market.๐ก Dive into this thread to unravel the risk management strategies that traders can deploy on Nibbl ๐งต