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Stronghold

Baseline for NFTs

NFTs are backed by an ever-growing reserve of tokens.

Existing Components

  • floor pool: absorbs all supply at given price, issues loans
  • trade pool: main trading curve, main fee generator
  • anchor pool: tracks trade pool's twap to provide deeper liq right below the avg trading price
  • fixed-term loans: free leverage

Future Components

  • supply caps for both to prevent griefing
  • lock-in sell price: put options
  • borrow NFTs against TWAP: shorting
  • bonding tokens for NFTs against TWAP, dutch auction for discount up to some % above backing
    • locked NFTs can still be borrowed against

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