Liquid Auction

When creating a Liquid Listing the user is able to send the item immediately to auction. This will allow for very fast liquidation of non-floor items with the auction creator receiving immediate liquidity of 1 ƒ token.

This use case is particularly helpful for individual NFT-Fi applications that need to liquidate their users’ non-floor items as quickly as possible without the need to prepay for Harberger Fees or appraise assets.

The fee for a Liquid Auction is calculated as a 4 day listing and as with all items that enter auction, there is no refund on the fee.