What is Caviar? Caviar is an AMM platform for NFTs that allows users to buy, sell, and trade NFTs on Ethereum. Let’s find out what is special about this project with Weakhand in this article.
Before jumping into the article, you can refer to some of the following AMM projects for NFTs to better understand.
- What is SudoSwap? SudoSwap cryptocurrency overview
- What is HadeSwap? Overview of HadeSwap e-turning
What is Caviar?
Overview of Caviar
Caviar is an AMM platform for NFTs deployed on Ethereum. Users only pay a small amount of Gas fees to be able to trade NFTs with ERC20 and ETH tokens that support both whole and fractional amounts. This means users can buy and sell 1NFT, 0.5 NFT, 0.7 NFT,… as Caviar performs the Fractionalize process to convert NFTs into corresponding ERC20 tokens.
In addition, to more accurately value the value of an NFT, Caviar divides an NFT into 4 types as follows: Floor, Mid, Rare, Superrare. This helps users find more relevant NFTs within a collection.
The main components participating in the platform include:
- User: There are 2 ways to trade NFTs on the Caviar platform. These are: Standard transaction if you want to buy, sell entire NFT or Fractional for a non-integer amount of NFT.
- Liquidity Provider (LP): Provide liquidity into Pools to receive transaction fees from users. Currently, LPs can receive a 1% fee per transaction from users.
What is the Caviar difference?
Currently, the Caviar platform deploys two Pool models to improve user transaction quality including:
- Shared Pool: This is a basic Pool group on the Caviar platform that provides NFT – ERC20 token pairs. Shared Pool uses the x * y = k model to adjust prices in the Pool.
- Custom Pool: This is an advanced Pool created by LPs with customizable parameters such as: Centralized liquidity, custom fee rates, flash loan support, and NFT weighting. Custom Pools have a single owner (creator), who receives an NFT representing their ownership of the pool. Like Shared Pool, LPs can also earn fees from transactions from users.
Core Team
Update…
Investor
Update…
Tokenomics
Update…
Caviar Project Information Channel
- Website: https://www.caviar.sh/
- Twitter: https://twitter.com/caviarAMM
-
Discord: