Sweep n' Flip | NFT DEX

🧠 Project Name

Sweep n’ Flip ⚡️ NFT DEX

🔍 Description

We bring liquidity for the NFT space attracting DeFi traders to this market; Through our technology, NFT collections behave exactly like fungible tokens. 

CPMM Constant Product Market Maker (x*y=k pools) is the base of liquidity for any new token, we do the same for NFT Collections, being the standard infrastructure that this market needs to grow in the same scale of fungible tokens.

Once there is enough liquidity in our pools, a collection can be traded instantly, allowing Buying or Selling NFTs instantly and leveraging arbitrage, trades and overall volume.

Liquidity providers are attracted by trading fees and as they receive ERC20 LP Token, APYs can be boosted through liquidity mining campaigns, incentivizing DeFi participants to provide liquidity to the NFT space. 

🛠️ How It Works

It’s an AMM CPMM in which you can add liquidity between NFT Collection Assets and HYPE.

This CPMM is recommended because it is the standard structure for securing liquidity for new tokens and becoming the base liquidity infrastructure to price floor NFTs.

Users can easily and permissionlessly create/add liquidity to pools, Liquidity Providers receive their ERC20 LP Tokens representing their position in the pools and once there is liquidity on the pools, NFTs can be Swapped Buy&Sell instantly directly to the pools.

The cool thing here is that we can project Price Impact considering the number of NFTs in a pool.

For example, analyzing this table

A pool containing around 100 NFTs already provides significantly better liquidity than what is currently available on marketplaces, not only on Hyperliquid but across any other chain. Since the CPMM model offers a far more dynamic pricing structure compared to order books, collections will find it easier to sustain liquidity for their assets while ensuring real-time price discovery, indeed enhancing trading volume.

Our UX is designed with DeFi users in mind, delivering the same experience as a spot DEX. We aim to simplify the onboarding of these players into the NFT asset market.

Fees Charged:

-Liquidity Provider Fees
-Royalties of Secondary Sales (can be toggled on/off)
-Marketplace Fees

Advanced Details:

-> Our AMM is directly integrated on HyperSwap V2 liquidity, this will allow swaps between any token available there and the NFTs listed on our pools.However, we will start with a simple operation, allowing only swaps between HYPE and NFTs.

-> There is still a significant lack of open-source infrastructure for NFTs on HyperEVM, which greatly hinders the work of small developers in crucial aspects such as reading metadata and on-chain balances, making our process more costly and slower. But we know how to solve that, and it’s already on our roadmap to develop this infrastructure on HyperEVM if needed.

💻 Demo

Link to a video demo (YouTube, Loom, etc).

https://youtu.be/QfHm2pBi4Os

📂 Project Links

Code (GitHub, GitLab, etc)

• https://github.com/sweep-n-flip/sweep-flip-amm-hyperliquid

• NFT AMM Router: https://hyperevmscan.io/address/0xa575959Ab114BF3a84A9B7D92838aC3b77324E65

• NFT AMM Factory: https://hyperevmscan.io/address/0x1c865c75ab96aebe4f3beeb4388036047240096b#code

Docs / Deck:

•  https://docsend.com/view/azetv9k448q4yygg

Live demo URL (if hosted)

• https://hl-sweepnflip.vercel.app/

• Final product coming soon at https://hl.sweepnflip.io/

👥 Team

Sweep n’ Flip

Sweep n' Flip NFT DEX is one of the products that will be launched on the, self funded, Sweep n' Flip Marketplace, which aims to bring innovation and DeFi products to the NFT space.

X: https://x.com/SweepnFlip
Discord: https://discord.gg/YuvVsCk8e6
site: https://www.sweepnflip.io/

Team:

Leonardo Carvalho

Linkedin: https://br.linkedin.com/in/leonardoircarvalho
x: https://x.com/leoircarvalho

Thales Santana

Linkedin: https://www.linkedin.com/in/thales-c-santana/
Github: https://github.com/thalesantana
x: https://x.com/thazdev

Vinícius Vasconcelos

Linkedin: https://br.linkedin.com/in/vinicius-antunes-vasconcelos
X: https://x.com/ViniVasc01