FAQ
What Are PIPX VAULTs?
PIPX Vaults provide a platform for creating liquidity markets for illiquid Non-Fungible Tokens (NFTs).
PIPX Vaults allow for making BEP20 tokens that are backed by NFT collectibles. These tokens are called vault tokens, and (like all BEP20s) they are fungible and composable. With PIPX Vaults, it is possible to create and trade tokens based on your favorite collectible NFTs right from an exchange.
Pi-Protocol's mission is to become the primary issuer of NFT vault tokens and primary Utility Provider for NFTs on the Binance Smart Chain, allowing anyone to trade & invest in NFT markets without needing the underlying knowledge and expertise required when investing in individual assets.
Are there any fees?
PIPX Vaults allow vault creators to charge fees based on minting and redeeming NFTs in and out of the vaults. Example:
5% Minting Fee
0% Random Redemption Fee
5% Targeted Redemption Fee
0% Random Swap Fee
5% Targeted Swap Fee
These fees are distributed as rewards to the liquidity providers for the vault.
Anyone providing liquidity to vaults can bypass minting fees by using a zap to automatically include liquidity staking.
Can you get rewards from using PIPX Vaults?
Yes. To encourage more liquidity for the vaults all fees that are generated from Buys and Sells (Minting and Redeeming) are passed to anyone that is staking their SLP against that vault. These rewards are paid out on a block-by-block basis, and are paid in the vault tokens you are using to stake.
You can see the APR for each of the different vaults on the PIPX Vault Header.
Who are PIPX Vaults for?
There are three main target audiences for Pi-NFT Maker Vaults: Investors, arbitrageurs, and NFT liquidity providers.
The main products are built for investors looking to buy and/or sell floor-priced NFTs without having to wait for a taker/maker on a secondary market.
The second audience we cater too is arbitrageurs, who can profit from ranging prices between NFT vault tokens and their underlying collaterals' floor prices on secondary markets. Arbitrageurs can use the products on PIPX to interact directly with these pools.
A third audience we cater to is NFT liquidity providers, who can profit from providing additional liquidity and/or inventory to one or multiple NFT vaults. Liquidity providers may use the products on PIPX to mint additional NFT vault tokens, which can then be supplied as liquidity.
What is the Pi-Protocol token address:
0x25C30340e6f9f6e521827cF03282943dA00c0ECE
How do I buy PiP Token?
PiP Token is available for trading on Pi-DeX and PancakeSwap.
Where do I find Pi-NFT Vaults?
Vaults can be viewed on the PIPX Marketplace.
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