Flash Trade
Make NFT trade interchangeably in ERC-20 format
Polarise's Flash Trade feature allows users to instantly swap between NFTs and P-Token at a ratio of 1:1,000, facilitating seamless and efficient buying and selling of NFTs. For instance, a user may exchange N x mNFT for N x 1,000 x P-mNFT through the Flash Trade platform. This allows users to obtain P-Token exposure or liquidate NFT assets quickly and flexibly. In addition, Flash Trade's 1:1,000 ratio provides users with ample liquidity and transactional capacity, enabling them to optimize their NFT portfolios while maximizing their returns. Only supported collections in P-Token List are Flash Trade compatible.
How to swap NFTs for P-Tokens?
Here is a step-by-step guide on how users can get P-Tokens with their NFTs:
Go to "Flash Trade" page, and select an NFT collection (our front-end will be displaying only supported collections). In this example, the user select "Bored Ape Yacht Club"
Choose the NFTs that you wish to swap P-Tokens with.
Based on the amount of NFTs, user will receive N x 1,000 P-BAYC in this example.
After execution, user will see N x 1,000 P-BAYC in his/ her wallet.
User's original NFTs will flow into corresponding NFT vault (in this case, BAYC vault).
There will be no extra fee charged when swapping NFTs for P-Token.
How to swap P-Tokens for NFTs?
Here is a step-by-step guide on how users can get NFTs with P-Tokens:
Go to "Flash Trade" page, and select an NFT collection (our front-end will be displaying only supported collections). In this example, the user selects "Bored Ape Yacht Club".
If there are available NFTs in BAYC vault, user can either
Swap random BAYCs
Swap specific BAYCs
Service fee will be charged based on different cases.
In this example, if user swaps 1 BAYC randomly, he/ she will need to pay 0.5% service fee. That is, 1,005 P-BAYC
If user swaps 1 specific BAYC, he/ she will need to pay 0.5% service fee and 1% designation fee. That is, 1,015 P-BAYC
Afterwards, BAYCs will be automatically sent to user wallet.
Please note that service fee and designation fee might be changed due to market condition or through a successful Polarise Governance proposal.
Users must have P-Token specific to certain collection in their wallet to swap for corresponding NFTs of that collection.