Collection exposure without waiting on one NFT sale.
Trading an individual NFT depends on finding a buyer for that asset. Collection-level synthetic exposure creates another way to participate in the direction of a collection.

Collections have communities, conviction and value. What they need next is financial infrastructure.
STRAPTRADE is building a decentralized exchange for leveraged exposure to NFT collections, without buying or selling the underlying NFTs.
Trading an individual NFT depends on finding a buyer for that asset. Collection-level synthetic exposure creates another way to participate in the direction of a collection.
A trader may have a view on a collection without wanting to own a particular item. A synthetic index separates that market view from ownership of the underlying artwork.
The protocol design includes eligible NFT collateral and NFT-backed credit, extending the proposed role of a collectible beyond simply buying, holding or selling it.
NFT-backed credit is proposed as a way to access liquidity using an NFT as collateral. Borrowing terms and eligible assets are still to be defined.
Synthetic collection indices are designed to support long and short exposure. Positions remain distinct from ownership of the underlying artwork.
The vision is to bring more market tools to the collections people already follow, while keeping collection identity at the center.