Dyve

NFT trading is broken. There are millions of unproductive and idle NFTs in peoples wallets. There is billions traded with limited NFTFi tooling and strategies for most and NFT scammers everywhere. Ultimately this means that retail gets rekt when liquidity crashes.

In the last few months, we've seen more people looking for profits in a bear market. NFT AMMs have demonstrated holders are willing to swap their intra-collection NFTs to earn yield, and new APIs have created a golden opportunity to build out a brand new tool to help people trade with a brand new protocol concept - NFT shorting.

How does it work? A lender sets conditions to lend their NFTs including a fee, collateral, and return condition. Return conditions include receiving the same NFT (rental) or ANY NFT from the same collection (for rental or shorting).

Borrowers browse listings, agree to conditions, pay the fee and post collateral and acquire the NFT or have Dyve sell the NFT for the best available offer price aggregated across marketplaces.

Finally, the borrower can either returns the NFT before the borrow expires, or forfeit their collateral. Dyve will also find the lowest asking price across all main NFT marketplaces to assist the borrower in closing their position at any time. The entire process can be done all on the Dyve protocol, allowing for a simple and safe experience!

Dyve is a simple and safe solution for a complex market need. It's time for "Up Only" to meet "Down Also" so the entire NFT ecosystem wins!