After a few hours of discussion with my team, we've published V1 of the nftliquid whitepaper.
This article explains why our project is truly innovational: We plan to offer Fair Value indexes for rarity traits in pNFTs from @Collector_Crypt instead of illiquid singular cards, as this will allow for HFT and deeper orderbooks.
Read more here:
https://t.co/xoH5PBk10y
We will be editing the whitepaper as we discuss and plan more.
We are receiving FUD attacks from @pokeliq
While usually I would not care for things like this, this is unacceptable.
A thread of what I found on Pokeliquid including critical exploits:
Again: my point is not to tell you which project to invest in: merely publish major errors in pokeliquid.
To the devs of pokeliquid: I never talked bad about your product. I acutally respected the competition because it would make us both work to create a better product.
That is all.
We also found another core vulnerability in pokeliquid:
https://t.co/9Bj15PGXzA
Action settle_funding: it is permissionless, accepts any target margin account, and does not check whether the protocol is paused or whether the oracle price is stale.
Anyone can liquidate anyone else.
I successfully liquidated myself from another wallet.
Instead, with our old code, we intend to create a sort of screener.
We plan to call it: NFTScreener
We plan to build one direct place where you can paste in a NFT's mint and instantly view a chart for it.
Yes: we will include update social mechanisms: NFTs should be linked to personas on open marketplaces. Think vouching & reputation systems. Think safer pNFT shopping for investors.
We've received questions about why we shifted to indexes:
Direct individual NFTs are easily price manipulated, and bad actors were exploiting our platform for profit. In a single day, the floor price for some cards went from $0.4 to $70, without any real buyers.
To put it simply: imagine if someone bought an apple for 50x the normal price, just to pump their Long 20x apple position. This is what we are trying to prevent.
Instead, with our old code, we intend to create a sort of screener.
We plan to call it: NFTScreener
We plan to build one direct place where you can paste in a NFT's mint and instantly view a chart for it.
Yes: we will include update social mechanisms: NFTs should be linked to personas on open marketplaces. Think vouching & reputation systems. Think safer pNFT shopping for investors.
We've received questions about why we shifted to indexes:
Direct individual are easily price manipulated, and bad actors were exploiting our platform for profit. In a single day, the floor price for some cards went from $0.4 to $70, without any real buyers.
To put it simply: imagine if someone bought an apple for 50x the normal price, just to pump their Long 20x apple position. This is what we are trying to prevent.