Key Points: The demand to break the NFT-Fi trilemma slowly increases.
Furion, the NFT platform one-stop, combines the functions mirror token, index token and AMM with peer-to-pool lending.
Furion collects historical transactions from all NFT markets to create the price curve for NFT.
The NFT market is moving towards DeFi. As such, the NFT-Fi Trilema has become more prominent. It restricts the development of the NFT financial markets. NFT-Fi projects that are not designed to be profitable tend to underestimate the liquidity of NFT in bear markets at the beginning of their development, compromise risk management, offer high-interest rates to entice borrowers, and eventually face bad debts. NFT is still in its infancy, even though it is currently in a cold winter. The market for financial exploration, breaking the NFT Fi trilegma, new liquidity solutions and financial exploration has never been stronger. Furion, the NFT one-stop platform, combines the functions mirror token, index token and AMM to give its own answer. Users can lock or store their NFT in the corresponding liquidity pools and cast FX Token as the NFT mirror token in the ERC-20 protocol. The “X” in F-X Token is the NFT target. F-Azuki Token is the mirror token that Azuki obtained from its liquidity. Users can then get 1000 F-X Tokens if they choose to store their NFT in the corresponding liquidity. After the initial 1,000 FX Tokens have been destroyed, users can redeem any NFT in the corresponding pool and get back the one they received. As part of the platform revenue, a fixed fee will be charged 100 platform tokens FUR for the destruction and exchange of F-X Tokens for NFT. The user can also request an extension. Half of the FX Token will be given at a discount of 500 pieces. A monthly fee of 150 FUR will be charged for locking. This NFT cannot be used for sale or exchange during the lock-up period. It can only be redeemed once 500 F-X tokens have been destroyed. The platform will not lock the ownership of NFTs if they are not redeemed during the lock-up period and will release them to the public storage pool once the lock-up period has ended. The platform will also charge 300 FX Tokens as a penalty and send the remaining 200 FX Tokens to storage users. Aggregate liquidity pools for NFT targets. This is different from using the NFT target as a liquidity pool. However, the aggregation pool may use multiple NFT targets’ mirrored tokens to aggregate liquidity of similar NFT targets. The standard for aggregation could be that the project party is one family or multiple imitations a specific project, etc. F-BAYC and F-MAYC can be used to aggregate NFT targets under Yuga Labs. To get FFT, users deposit their FX Tokens into the aggregation pool. FFT is supported and represented by a package NFTs. It is the index of all the underlying NFTs. Users will be able retrieve their F-X Token by destroying FFT. For burning FFT, there will be a flat fee equal to 100 FUR. FFT will be burned for a flat fee of 100 FUR. If FFT’s circulating supply is zero, then the fair price of FFT equals 0.01ETH. This also means that 1 FFT=0.01ETH at the first casting. AMM exchange for FX Token, FFT and FUR. ERC-20 mirror token NFT has a much greater liquidity than NFT. Furion Swap uses the same AMM trading grid but also combines each two Tokens to create a trading pair. The formula x*y=k is used to have general traders as well as LP providers. Swap charges 0.3% transaction volume as a transaction fees. 99% of this is used to reward LP providers and 1% to generate platform income. Swap charges 0.3% of the transaction volume as a transaction fee. This allows for unlimited combinations to form the LP Token of Swap, which can be used to make direct transactions between different NFT pairs. The tokens in low-risk pools can be used to collateralize loans from pools with higher risk, but not vice versa. The mortgage factor for different assets is determined by the price fluctuation and liquidity. It does not exceed 0.9 for USDC, 0.85 ETH and 0.6 blue-chip FX Token. The maximum amount a user can borrow depends on the weighted collateral factors. However, the collateral value can be increased by using more FUR, the platform token. The asset utilization rate of NFT targets determines the lending rate. Each 1 million veFUR can increase collateral value by 0.1% up to 2.5%. The base interest rate plus the asset utilization rate x given rate = the loan interest rate. The borrowing rate is equal to the asset utilization rate x the borrowing rate. Liquidation is when the loan amount and all future interest exceed the maximum amount of collateral. As an incentive, liquidation allows the liquidator to repay up to half the loan amount for the borrower. As an incentive, the liquidator repays up to half of the loan amount and receives a discount of 5%-10% of the collateral value from the borrower. According to the Furion pricing Oracle, if 1000 FBAYC Tokens have a value of 80 ETH, then the mortgage factor of FBAYC Token (0.6) is 0.80. If user A’s monthly interest payment drops to 0.8ETH, then user B will pay half of the loan interest. He will also be able to get F-BAYC Token collateral valued at (15.41.05=16.17- 15.41.1=16.94). User A’s collateral value was also increased to (51-16.17=34.83ETH – 51-16.94=34.06ETH) and the debt is returned to a healthy condition. Users can still purchase their assets at 1.2x the liquidation price within 24 hour. The F-BAYC Token value (16.17ETH, 16.94ETH) will be temporarily locked in the platform until user A pays (16.171.2=19.404ETH – 16.941.2=20.328ETH) to retrieve this portion of the FBAYC Token. It collects historical transactions from all NFT markets to create the price curve for NFT. If the price is within a specific price range, then the reference price for the F-X Token will be the lower limit. The project is still in its infancy. While the NFT market is experiencing a cold winter, it is shrinking and sluggish. Blue-chip NFTs have a limit on the quantity, but it is not known if there are as many lending markets or whether competitors are constantly developing. It is also easy to see that blue-chip NFT liquidity in bear markets is still lower than expected after the BendDAO large-scale liquidation. Furion categorizes mirror tokens based upon liquidity, price, and so on. However, the blue-chip asset pool that is made up of mirror tokens for mortgages may not be immune from the bear market. It may be difficult to avoid bad debts due to serial wear and tear once the asset pool has been isolated. It is also difficult to avoid bad debts caused by serial wear and tear if the loan interest rate is not higher. We encourage you to do your own research before investing.Join us to keep track of news: https://linktr.ee/coincuHaroldCoincu NewsTags: F-X TokensFFTFURFurionNFTNFT-FiveFUR