How to buy or sell locked FABLES 💚
Locked FABLES positions can change owners while the underlying tokens remain locked. Here’s how it works.
1. What you’re trading
Each locked position is represented by a veFABLES NFT.
Buying that NFT gives you ownership of the existing position, including its locked FABLES and lock terms. The underlying tokens remain in the Fables locking contract.
Each trade exchanges one complete NFT. Splitting is currently disabled on Fables.
2. Selling: set a price you’re happy with
List your veFABLES position at your chosen price. On FableDesk, you can enter a price per locked FABLES or a total price for the whole position.
Your NFT stays in your wallet while the listing is open. Listing keeps your existing vote in place, so you can continue earning voting rewards while waiting for a buyer.
Voting rewards earned before the sale remain yours to claim on Fables.
You can put a position up for sale at a price you’re happy with and let buyers come to you.
3. Buying: pick a listing or post an offer
You can buy an existing listing directly, or post a buy offer specifying:
• Your price per locked FABLES.
• The maximum total amount you want to buy.
• How long the offer stays open.
A single buy offer can purchase multiple whole NFTs.
For example, an offer for 100,000 locked FABLES could buy a 60,000-FABLES position first, leaving room for another 40,000. Sellers can fill the remaining quantity with their complete positions.
This gives buyers a way to name their price and lets sellers find an available buyer without waiting for their own listing to sell.
4. Buy offers keep your funds in your wallet
Creating a buy offer doesn’t deposit or reserve your USDG on the marketplace.
Your funds stay in your own wallet until a purchase fills. You simply keep enough USDG and spending approval available for the offer.
When a trade happens, the USDG payment and NFT transfer settle together in one on-chain transaction.
5. What happens after a sale?
The buyer receives the whole veFABLES position with its existing lock terms.
The position’s previous vote is cleared on transfer, and the new owner can choose where to vote on Fables. Voting rewards earned before the sale stay with the seller.
6. Trade on FableDesk
FableDesk brings sell listings and buy offers together in an independent marketplace on Robinhood Chain.
The market contract is verified, and the code for approvals, trading and settlement is open source for anyone to review.
Explore the market:
https://t.co/44LcGkyISq
Contract & docs:
https://t.co/qi4qYRKkv9
Source code:
https://t.co/kjKKaViSY2…
@fablesfi
Buying locked FABLES at 0.035 USDG per FABLES 💚
No quantity limit. If you’d like to sell, list your veFABLES position on FableDesk. I’ll check every few hours and buy listings at that price.
https://t.co/teo6KrGsQ8
A little about FableDesk:
• Non-custodial trading: assets stay in your wallet until a trade fills, with no need to deposit into a platform account.
• Verified marketplace contract: you can inspect the deployed contract and its source code.
• Open-source approval, trading and settlement code: anyone can review how it works.
• The underlying FABLES remain locked when a position changes hands.
FableDesk is an independent marketplace on Robinhood Chain. Questions and feedback are always welcome!
Verified contract & docs:
https://t.co/sIfPjfscoe
Source code:
https://t.co/Na0cuC80xh
@fablesfi
Want to buy or sell locked FABLES? 💚
FableDesk is live — an independent marketplace for trading whole veFABLES positions on Robinhood Chain, with payments in USDG.
Here’s what you can do:
• List your veFABLES position for sale at your chosen price.
• Post a buy offer with your preferred price and the maximum amount of locked FABLES you want to buy.
For buy offers, your USDG stays in your own wallet until a trade fills. Simply approve spending through the site and keep enough USDG available. Positions change hands while the underlying FABLES remain locked.
The market contract is verified, and the trading and settlement code is open source for anyone to review.
I’m also personally buying locked FABLES at 0.035 USDG per FABLES. If you’d like to sell, list your position on FableDesk! I’ll check every few hours and buy at that price, regardless of position size.
Try it out and let me know what you think 👇
App: https://t.co/teo6KrGsQ8
Contract & docs: https://t.co/sIfPjfscoe
Source code: https://t.co/Na0cuC80xh
@fablesfi
Looking to buy or sell veFABLES? 💚
FableDesk has a live buy offer for locks totaling up to 120,000 FABLES at 0.03 USDG per FABLES. Ends Nov 4, 22:41 UTC+8.
Trades are non-custodial. The market contract is verified, and the settlement code is public.
https://t.co/PDb52exWjU
Want to see how trades settle? The market contract is verified, and the code for wallet approvals, transactions, and settlement is public.
@fablesfi We’d love your feedback!
https://t.co/4sCNMoWfKk
https://t.co/93gZnOGpD4
We’re excited to share that FableDesk is live! 🎉
It’s an independent marketplace for whole veFABLES positions on Robinhood Chain. List a position, buy one, or name your price. Trades settle in USDG.
Come take a look and tell us what you think 💚
https://t.co/PDb52exWjU