Relisting / Reserving

ƒlayer allows users to not only list their own NFTs, but to re-list or reserve NFTs that are already in the pool and not in auction. This will allow those with specialized knowledge to profit by reserving or repricing mispriced assets in the pool.

For example, Carol is unfamiliar with Milady traits and mints a Milady into the pool thinking that it is a floor. Bob, who has expert knowledge in the field, spots this Milady, who is wearing an “Im Cute Im Punk” shirt, and considers it mispriced at floor. Bob immediately creates a listing at 1.25x the floor for this Milady that he does not own, pre-paying the interest and taking any profit on a sale. He is able to arbitrage directly from the pool without taking on the risk of purchasing the Milady at the floor to then re-list on a secondary market.

This scenario could also take place for non-floor assets, where a listing at 1.1x is filled and increased to 1.3x without any more capital required beyond the 0.1 purchase and the accrued interest.

In the case of a reservation, Duncan may be saving for a Remilio NFT but his forever Remilio has just appeared in the pool. He can reserve this item while he waits to accumulate a full ƒREMIO token to redeem it. In another case, he may be anticipating a Remilio airdrop and wants exposure to the claim.