Potion Protocol

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Potion Protocol

POTION
Categories:
MetaverseAutomated Market Maker (AMM)EVMLiquid StakingNFT MarketplaceGamingLP TokensFractionalized NFTMarketplaceLiquidityAMMFractionalizationFarmingExchangeDeFiDEXNFTs
On chains:
EthereumPolygonAvalanche

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Latest Price

2022

Year founded

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Total daily revenue

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Total revenue in last 30 days

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TVL

Should I buy POTION?

Potion Protocol is a minimal, gas-efficient AMM for facilitating NFT (ERC721s) to token (ETH or ERC20) swaps using fee-incentivized liquidity pools. Rather than waiting for individual market makers to make and take orders, Potion Protocol uses fee-incentivized liquidity pools to ensure on-demand liquidity for NFTs. Potion incentivizes NFT holders to become liquidity providers better than any existing protocol as it allows pools to set arbitrary fees on swaps. This in turn supports a price floor for the NFT collection (by increasing liquidity) and at the same time rewards NFT holders with frees & farming rewards for staking their NFTs. Additionally, NFT liquidity positions are stored as fungible tokens which can be traded and subdivided like NFT fractions.