Tribe3 is a platform that combines NFT Perp and social networking features, creating a vibrant operating environment for users. This project uses the vAMM model to create trading liquidity and provides 5x leverage to users. The special thing is, Tribe3 mainly supports trading on NFT/ETH pairs and collections are traded on platforms like Bored Ape Yacht Club , Azuki, Doodles, Moonbirds, CLONE X, Meebits. All of this gives users a lot of interesting and engaging experiences on the Tribe3 platform.
On the Tribe3 exchange, users can buy and sell futures contracts with 5x leverage of the NFT floor price. However, the platform only supports NFT Bluechip collections.
A head-to-head playground between NFT collections has been opened to entertain their owners. During the match, two collections will go head-to-head for a fixed time, and NFT holders can staking and voting for their collection. When the allotted time ends, the collection that gets more votes wins and the winning owner gets some badges to make the Avatar.
Customize your NFT avatar by collecting in-game items and badges. These avatars will represent your identity, style and interests in the community of NFT traders.
Tribe3 has adopted the vAMM model to provide users with a virtual liquidity option that matches the illiquidity of NFTs. This model is simply described with the formula x*y=k, similar to most other AMMs. There is no need for a liquidity provider, users simply collateralize assets to buy or sell a specific asset. Asset values on vAMM are continuously updated after each transaction, just like other AMMs.
In order to minimize the difference between Oracle and vAMM prices, this model applies an incentive mechanism for either Longs or Shorts depending on the market situation. When the price of Oracle is higher than the price of vAMM, the Short will have to pay the fee to the Long and vice versa. However, when the collateral ratio falls below 10%, Liquidation Bots will be activated to liquidate the position. If the rate falls below 5%, the position will be completely liquidated and the proceeds will be divided into two halves, half to the Liquidation Bot and the other half to Tribe3's insurance fund. If the rate falls below 10% but above 5%, the order will be liquidated 12.5% until the collateral rate rises above 10%.
Currently, there is no official information about the development team of the Tribe3 project. We will continue to monitor and update the latest information when there is news about the project development team.
Tribe3's team has not released information about official tokenomics. We will provide you with the latest information when the project has any updates in this regard.
Currently, information about the investors and partners of the Tribe3 project has not been officially announced. We will continue to monitor and update information to readers.
Tribe3 is an NFT Perp platform that brings financial solutions to the NFT industry. With a vAMM model that fits the unique nature of NFT, Tribe3 has many growth opportunities in this new niche. Through this article, we have had an overview of the Tribe3 project and hope it brings you useful knowledge. You can find more information about the project at the following channels:
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