Liquidity
Trading an individual NFT depends on finding a buyer for that asset. Collection-level financial exposure offers another way to participate.
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 financial exposure offers another way to participate.
A trader may have a view on a collection without wanting to own a particular item. A synthetic index separates that view from the choice of collectible.
The deck proposes collateral and credit functions that let NFTs play a role beyond being bought, held or sold.
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.