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Introducing FRAKT Pools
NFT holders and projects can add their NFTs into collection specific NFT Pools in order to receive the associated fungible pool token (in exchange for their contribution to the pool)
TL;DR available on Twitter : Pools V1 and Pools V2​

  1. 1.
    Sell an NFT to the pool : pool tokens can then be instantly swapped for $SOL or $USDC liquidity in the underlying Raydium liquidity pool
  2. 2.
    Buy or swap an NFT from the pool : pool tokens can be used to redeem any specific or random NFT currently available in the pool.
  3. 3.
    Earn sustainable yield from the pool : pool tokens can be used to ● add $rTOKEN-$SOL liquidity in the underlying Raydium liquidity pool and then stake it in order to earn 64% of the fees generated by each interaction with the pool (buys, sells, and swaps) ● single stake $rTOKEN in order to earn 16% of the fees generated by each interaction with the pool (buys, sells, and swaps)
These 3 distinct utilities for NFT Pools empower NFT holders & collections by enabling them and their community to not only buy, sell, and swap NFTs instantly, but also earn passive income from their idle floor NFTs
NFT pools are ideal for floor price NFTs which represents the majority of the trading volume for most collections. Any collection can have its own NFT pool
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