Flooring Protocol

[Flooring Protocol @flooringprotoc]

Rewards are LIVE.

260,000,000 $FLC for holders and people who participated in liquidity farming.

Claim Rewards: https://t.co/swtln1ZuRQ

[Flooring Protocol @flooringprotoc]

Rewards are LIVE.

260,000,000 $FLC for holders and people who participated in liquidity farming.

Claim Rewards: https://t.co/swtln1ZuRQ

[Flooring Protocol @flooringprotoc]

@Legendary_NFT @FLC_FlooringLab @flooringproto 😍

[Legendary @Legendaryy]

Currently testing adding liquidity with a fractionalized Pudgy and ETH on Flooring Protocol.

Wale already reported that Flooring did more volume than Blur yesterday.

It's interesting to see if @FLC_FlooringLab will make PFP fractionalization popular with that protocol.

[Stats @punk9059]

First time Pengu holder.

I now own 0.3% of one floor Pudgy Penguin on @FLC_FlooringLab.

[FreeLunchCapital @0xFreeLunch]

y00ts added to Flooring Protocol

1) Enjoy re-minting y00ts from the vault
2) Liquidity farming starts in 1 minute

[Floor Protocol @floorprotocol]

With over 5 years of experience auditing complex DeFi protocols and securing billions in crypto assets, Halborn is renowned for its rigorous audit processes and exceptional technical capabilities. Their extensive audit provides the highest assurance of the security and correctness of our smart contracts.

Over the past several months, Halborn's expert team reviewed our core codebase and architecture and conducted vulnerability scans, manual analyses, and sophisticated penetration tests to identify flaws.

Halborn found Flooring Protocol's contracts to follow best practices and contain no critical issues, and all other risks were considered resolved after careful fixes engineered by our developers.

@HalbornSecurity

https://t.co/eKAk1CqWNs

[Alex @Alexandre_NFT7]

🧵Did you know you will be able to invest into a BAYC with only $100? 🧵

With the buzz growing around @flooringproto , I delved into its depths, spending several hours navigating through the website to craft a detailed and comprehensive understanding of the protocol for you. At the end of the tweet, I will also share my personal opinion and possible strategies to apply.

1. Protocol Explanation:

Fragmentation:
Flooring Protocol dissects high-value NFTs into smaller units called µ-Tokens, enabling a broader spectrum of investors to tap into blue-chip NFTs. This is akin to a high-value stock being split into smaller, more affordable shares; each µ-Token represents a slice of a prized NFT.

Vault and Safeboxes:
-Vault: Upon depositing an NFT into the Vault, you receive 1 million collection-specific µ-Tokens, but you relinquish the ownership of your NFT. To redeem an NFT, you need 1 million µ-Tokens, but without a private key, you'll get a random NFT from the same collection in the vault. Imagine a community treasure chest; you contribute an item, it gets mixed with others, and to retrieve an item, you need a certain number of claim tickets (µ-Tokens), but you get a random item from the collection you contributed to.
Safeboxes: Conversely, depositing an NFT here also grants 1 million collection-specific µ-Tokens, but you retain ownership through a unique, tradable Safebox Key. This key ensures you can redeem the exact NFT you deposited, assuring you keep a premium for a rare NFT. You can also sell your Safebox Key if you wish.

µ-Tokens:
These tokens, tied to specific collections, allow you to own, trade, or sell fragments of a particular NFT, enhancing the liquidity and dynamism of the NFT market.Much like trading shares in the stock market, µ-Tokens provide a slice of high-value NFT ownership within specific collections, making trading more straightforward.

Native Token and Its Utility:
Flooring Protocol has its native token which plays a crucial role in the ecosystem. The native token could be used for governance, to propose or vote on protocol upgrades. Additionally, by staking, you receive a portion of the platform's fees, and currently, staking is the exclusive method to deposit in a Safebox. As of now, staking offers an enticing APR of around 1500%.

Practical Example:
Suppose you own a BAYC and decide to deposit it into a Safebox on Flooring Protocol. By doing so, you receive 1 million uBAYC tokens. Let's say you value your BAYC at 20 ETH above the floor price. You now have several options:You can sell your Safebox Key at any time if you wish to sell your BAYC, capturing the premium you've set.
If you choose to redeem your BAYC, you can do so by burning 1 million uBAYC tokens, regaining possession of your NFT.
Alternatively, you now have 1 million uBAYC tokens that you can trade or hold, providing you with more liquidity and flexibility in how you manage your asset.

Personal Opinion:
The sleek design of Flooring Protocol's website and the respected stature of its founders (@FLC_FlooringLab) evoke trust. The protocol unveils many opportunities, one being the chance for small wallets to DCA their way into blue-chip NFTs without a large initial outlay. This blend of accessibility, strategic market engagements, and the potential for enhanced liquidity in the near future sketches a bright outlook, positioning Flooring Protocol to possibly become a significant contender in the NFT arena.

Strategies to Apply:

Dollar-Cost Averaging (DCA): Among the strategies, DCA shines the brightest, overpowering others with its simplicity and effectiveness. It isn't about chasing trends but focusing on fundamentals and long-term value. By regularly purchasing µ-Tokens, you spread out the cost of entry into blue-chip NFTs over time, potentially reducing the impact of market volatility.

Arbitrage Opportunities: The Flooring Protocol could unveil arbitrage prospects, especially with new collections. If an NFT is priced lower than the value of 1 million µ-Tokens on the platform, buying the NFT and then selling the µ-Tokens on Flooring Protocol could yield quick profits.

Diversification: µ-Tokens enable diversification across various NFT collections without the need to own entire NFTs, allowing you to spread risk and gain exposure to different market trends.

Thank you for reading through this thread. If you have any questions or need further clarification, I'll be more than happy to answer. Your support through comments or likes is much appreciated, and don’t forget to follow if you're keen on more updates in the NFT space.

[Floor Protocol @floorprotocol]

Over several weeks, OtterSec's expert team thoroughly analyzed our core protocol contracts. Given their immense experience securing complex DeFi systems, we believe their deep scrutiny of our code was the obvious choice for our company.

OtterSec identified some subtle issues, which we promptly addressed, implementing fixes to further strengthen protections. Completing this top-tier audit demonstrates our steadfast commitment to user security.

Passing OtterSec's rigorous evaluation provides tremendous confidence in Flooring Protocol as we prepare for the mainnet launch.

OtterSec found Flooring Protocol's contracts to follow best practices and contain no critical issues, and all other risks were considered resolved after careful fixes engineered by our developers.

@osec_io

https://t.co/uMM1UtJavu

[WaTell 蛙跳 @0xWatell]

简单介绍一下今天很火的 Flooring Protocol ，读完这篇你就能基本入门👇

✦ Twitter → @flooringproto
✦ Founder → @FLC_FlooringLab

❶ 项目愿景：

• Flooring Protocol 希望通过「NFT 碎片化」来降低普罗大众进入 NFT 生态的门槛，以及提高 NFT 的流动性。

❷ 项目机制：

• Flooring Protocol 的目标是在 Binance 等顶级中心化加密货币交易所里上架代表着 NFT 项目的同质化代币 —— μToken；
• 举个简单的例子，以后你可以在 Cex 里看到 μAzuki、μBAYC 等代币，约等于一键帮项目方发币。

❸ 如何获得 μToken ？

• 每一张 NFT 都等于 100 万个对应项目的 μToken；
• 用户可以通过两种方式来将他们的 NFT 碎片化 —— 1. Vault/避难所、2. Safeboxes/保险箱。

❹ 它们的区别是？

• 用户将 NFT 存入 Vault 后，就等于放弃了所有权，该 NFT 将进入 Flooring Protocol 的国库，但用户可以立即获得 100 万枚 μToken 的便捷流动性；
• 用户将 NFT 存入 Safeboxes 后，不会放弃所有权，但需要定期缴纳 $FLC 作为保险金，之后，用户不光可以得到 100 万枚 μToken 的便捷流动性，还将获得能验证所有权的唯一保险箱密钥；
• 值得一提的是，Safeboxes 的密钥可以被拍卖或交易。

❺ 什么是 μToken ？

• 与常规的「NFT 碎片化工具」类似，但它们往往生成的是「Erc 1155」，而 Flooring Protocol 生成的则是「Erc 20」；
• 每一枚 μToken 其实都是该 NFT 的一百万分之一碎片，但因为它们是 Erc20 代币，所以你可以自由地将其兑换为 ETH、USDT 等代币；
• 每种 µ-Token 都与特定的 NFT 项目关联，即 µBAYC 不同于 µAzuki，每种代币只能代表其对应项目中的部分所有权。

❻ 被碎片化的 NFT 还能找回么？

• 用户可以通过燃烧一百万枚 μToken 来兑换相应项目中的 NFT，µBAYC 只能兑换 BAYC、µAzuki 只能兑换 Azuki，其余项目同理；
• 燃烧 μToken 而找回的 NFT 是随机的，你无法准确找回你当时碎片化的那张 NFT；
• 找回的 NFT 往往都是地板款，这里就要牵扯到一个所有试图解决 NFT 流动性的项目们都很头疼的一个问题 —— "高稀有的 NFT 该如何定价"，而 Flooring Protocol 给出的解决方案是「仅适用于 Safeboxes 的价值溢价」。

❼ 什么是「仅适用于 Safeboxes 的价值溢价」？

• 首先，讲句大白话："我持有的 NFT 拥有很稀有的 Traits，那我肯定不愿意以地板的低价卖出它"，而稀有特征很难被准确定价，这也是所有试图解决 NFT 流动性的项目方们都很头疼的一点；
• Flooring Protocol 给出的方案是：当用户使用 Safeboxes 功能时，「保险箱密钥」可以捕捉稀有 NFT 的溢价；
• 举个例子：当 BAYC 的地板价为 30 ETH，用户持有的稀有 BAYC 价值 40 ETH，当用户决定使用 Safeboxes 功能卖出该 NFT 时，用户将收到 —— 1. 一百万 µBAYC 代币、2. 价值 10 ETH 的密钥。

❽ 平台代币 $FLC 的赋能：

• 启用 Safeboxes：通过质押代币，用户可以创建个性化的保险箱，以及在自定义的时间内保留 NFT，更多的代币等于更长的持续时间和独特的权益；
• 解锁 VIP 特权：质押代币可以解锁不同等级的 VIP 服务，这个在官网有详细的介绍；
• 激励流动性提供者：所有 $FLC 和 μToken 的流动性提供者都可以得到 $FLC 的奖励；
• 国库管理权：协议金库储存了所有 $FLC 支出的一部分，这些储备有助于为持续开发提供资金、提供抵押品并保持代币的价值稳定；
• 维护协议的稳定性：Vault 的随机 NFT 赎回通常不收取任何费用，但如果储备金跌得太低，则会收取以 $FLC 为单位的赎回费，以抑制波动期间的过度提款。

◣◥◣◥◣◥◣◥◣◥◣◥

以上就是 Flooring Protocol 的简要介绍，还有很多细节深度的东西没有提到，但普通 NFT 玩家需要知道的东西都在这里了。

如果这篇长文对你有帮助，请帮我点赞转发；

如果你有别的疑问，欢迎在评论区提出🫡

[Floor Protocol @floorprotocol]

6/ If you have any questions, drop by our official Discord https://t.co/e5g9ByQM9I

[Floor Protocol @floorprotocol]

7/ This is the end of our official tweet, do not interact with any links that may be posted below.

[Floor Protocol @floorprotocol]

Farming for the below pairs starts in 3 mins:

μPPG/ETH
μELEM/ETH

[Floor Protocol @floorprotocol]

260,000,000 FLC will be rewarded to people participating in liquidity farming for the next month.

We will release more details soon.

[Floor Protocol @floorprotocol]

Stress testing with 624 Azuki Elementals.

[Floor Protocol @floorprotocol]

Project deployed: 0x3eb879cc9a0Ef4C6f1d870A40ae187768c278Da2

https://t.co/e21sfyK3l7

[Floor Protocol @floorprotocol]

1/ Flooring Protocol : Redefining access through µTokens.

[Flooring Protocol @flooringprotoc]

@ByAlexandrast 😍🔥

[Flooring Protocol @flooringprotoc]

@alesta_stan 😍🔥

[Flooring Protocol @flooringprotoc]

@Alexxisoff1 😍🔥