How it Works
1. Listing Locked LPs
Connect Wallet: Users connect their Ethereum wallet to the Illiquids platform.
Select Locked LP Tokens: From the user's portfolio of locked UNI-V2 tokens on supported platforms.
Create a Listing: Enter the listing details, such as token quantity, price, and preferred payment method (QUIDS or ETH).
Verification: Smart contracts verify the locked status and details of the LP tokens before listing them for sale.
Approval: Once verified, the listing becomes available on the marketplace.
2. Buying and Selling Locked LPs
Browse Listings: Buyers can explore the marketplace to find listed locked LP tokens.
Initiate Purchase: Once a token is selected, the buyer initiates a smart contract transaction to execute the purchase.
Settlement: The smart contract ensures the safe transfer of LP tokens from seller to buyer, and payment is sent to the seller (minus the 5% platform fee).
3. Payment Options
QUIDS: Users opting for QUIDS benefit from staking opportunities and other incentives.
ETH: For immediate liquidity, ETH can be chosen as a payment method.
Fee Structure
Illiquids operates on a transparent and sustainable fee structure:
Platform Fee: 5% fee on all transactions, deducted from the seller’s proceeds.
Fee Allocation:
Platform Development: 50%
Marketing & Partnerships: 20%
Liquidity Pools: 15%
Operational Costs: 10%
Reserve Fund: 5%
This fee structure ensures continuous platform development, operational sustainability, and liquidity incentives.
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