Collection Listing

What collections will be represented in the protocol?

GopLend should only list liquid and proven collections. Complex and very precise criteria cannot be thought out, as each NFT collection is unique. But we can put forward some conditions:

1. Trading volume. If the trading volume is low, that collection cannot be liquid.

2. Number of Offers. The number of offers should be at least 10 offers with our smart contract for market-making. This is necessary to ensure good liquidity of the offerers, to counteract manipulation and large liquidations

3. Distribution. If most of the collection is in a narrow range of users (in the same hands), then this collection is easy to manipulate, and it is easy to borrow too much money in the protocol.

4. Time on the market. Even if all the criteria are met, in order to pour a collection, it must be traded for at least 2-3 months for the market to determine for itself if it is a good collection.

Of course, each collection will have a unique approach when deeply analyzed by the CryptoGopniks team and DAO members. But the listing protocol should be guided by these criteria For example, collections such as Bit kids, Bad kids, Mad scientist, Expedition, Pixel Wizards and the like fit these criteria

Add liquidity

If you make sure your collection roughly matches the criteria, fill out this form: https://forms.gle/xyYRRiUrTHeQC5kz5

Once your collection has been accepted for listing, you will need to go to site and complete the following steps:

1. Select an NFT collection from the list

2. Make a deposit to Market Maker

Here is the formula for the amount of USDC needed in a market maker contract:

500 + 8.65 * Floor Price * 2

For example, if the NFT price is 30$, it is necessary to add about 1000 $USDC to the contract and maintain this amount.

At liquidations in the market maker, NFT comes to the owner of the collection (owner in the smart contract of the market maker). He can sell them in the market to replenish the USDC pool. The platform will liquidate the NFT into such an offerer that covers the user's loan. He will end up buying back the NFT at about their collateral price, well below market value

After that, you will be labeled that everything is working as it should! Done!