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How does Popcorn Markets work?
Popcorn Markets is an AMM protocol for NFTs, which means that users buy from or sell into liquidity pools instead of directly trading between themselves. If you're familiar with Uniswap, it's a similar concept but for NFTs.
Here's how it works: 1. Liquidity providers deposit NFTs and/or APT (or a token) into liquidity pools. They choose whether they would like to buy or sell NFTs (or both) and specify a starting price and bonding curve parameters. 2. Users can then buy NFTs from or sell NFTs into these pools. Every time an item is bought or sold, the price to buy or sell another item changes for the pool based on its bonding curve. 3. At any time, liquidity providers can change the parameters of their pool or withdraw assets.
Last modified 4mo ago