Key Vehicle

P-Token is the backbone of NFT ETF seeks to address the issue of liquidity and functionality. It represents NFT collections in an ERC-20 token format, enabling their use in DeFi applications and trading platforms. Each NFT collection has its corresponding P-Token, which can be obtained through trading on DEX, minting via selling NFTs, or borrowing from Paddle ETF protocol. The use of P-Token provides greater liquidity and functionality to NFT collections, allowing them to be used in a broader range of use cases. As such, P-Token serves as the foundation for NFT ETF, facilitating greater adoption and use of NFTs in the broader financial ecosystem. The formula for understanding P-Token is as follows:

Any GEEZ = 1,000 PNutz (project defined) Any BAYC = 1,000 PXXX Any MAYC = 1,000 PYYY

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How to Get P-Tokens

1. Swap your NFT for its corresponding P-Token at a 1:1000 ratio using the Swap Function.

2. Borrow short-term P-Tokens directly from the protocol using the Loan Function.

3. Buy P-Tokens on DEXs like Camelot, or through future DEX/CEX integrations.

How to Use or Spend P-Tokens

1. Acquire NFT in ETF Vault by swapping P-Tokens back into the corresponding NFT at a 1:1000 ratio (plus fees) using the Swap Function.

2. Repay loans to reclaim your original NFTs via the Loan Function.

3. Trade P-Tokens for APE, USDT, or other tokens on DEXs like Camelot, or through future DEX/CEX integrations.

4. Use them like any other token or memecoin. The difference is that every P-Token is backed by a real NFT, with no cap on potential value.