Doodle Exchanger

#1

What

  • A community pool of doodles that people can submit their doodle + a fee to exchange for another random doodle from the pool

Why

  • It allows people to swap their doodle without having to list it on the market and for less fees
  • Fees directly benefits doodlebank
  • If the pool has an attractive doodle, it may encourage people to try to “trade up”

How

  • Hard requirements (2 options):
    • if staking from doodle owners is used, a separate legal entity may be needed to allow stakers to earn yield to incentivize them.
    • we seed the pool with funds from doodlebank to compensate doodle owners or to buy doodles off market
#2

A pool currently exists: Vault Info - NFTX App

#3

yea, this would directly benefit doodles

#4

How much revenue do you think this will achieve? How does this offset revenues for staking?

How will this impact the floor value of doodles? I can see that this pool may become the pool of unloved doodles, restricting the supply.

Limiting supply may:

  • raise the floor of the project
  • limit the number of potential owners

More owners = more stable prices

#5

Hi grip,

Thank you for sharing this idea.
Would it be the same concept as this topic? → Add liquidity to a wrapped Doodle vault to provide immediate access to liquidity for sellers

Maybe it make sense to combine?

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