Swap Function

Make NFT trade interchangeably in ERC-20 format

The ETF Swap Function lets users instantly exchange NFTs and P-Tokens at a fixed ratio of 1 NFT = 1,000 P-Tokens, enabling seamless and efficient buying or selling. For example, swapping N NFTs will give you N × 1,000 P-Tokens (e.g., swapping 3 BAYCs = 3,000 P-BAYC).

This ETF-owned liquidity ensures ample depth in the market, allowing users to quickly gain P-Token exposure, optimize their NFT portfolios, and maximize potential returns.

Swapping NFTs for P-Tokens

1. Go to the Swap page and choose a supported NFT collection (e.g., Bored Ape Yacht Club).

2. Select the NFTs you want to swap for P-Tokens.

3. Receive N × 1,000 P-Tokens for your NFTs (e.g., 2 BAYCs = 2,000 P-BAYC).

4. The P-Tokens will appear in your wallet, and the NFTs will be deposited into the collection’s ETF vault (e.g., BAYC vault).

Swapping P-Tokens for NFTs

1. Go to the Swap page and choose a supported NFT collection (e.g., BAYC).

2. If NFTs are available in the vault, choose one of two options:

   1. Random Swap: Receive a random NFT from the vault (service fee: X%). Example: 1,000 P-BAYC + Y P-BAYC.

   2. Specific Swap: Select a specific NFT from the vault (service fee: Y%). Example: 1,000 P-BAYC + Y P-BAYC.

3. The NFT will be sent directly to your wallet after the swap.

Note: Service fees are set by the collection owner and may differ between collections.