TL;DR

Sweep n’ Flip, unlocking a new level of liquidity and simplicity for NFT trading (we have the tl;dr but seriously, you need to read this article).

What is Sweep n’ Flip?

Sweep n' Flip is a unique marketplace designed for NFT traders, liquidity providers, and NFT collections.

The platform aims to simplify the experience for all NFT traders by offering a Flipping Aggregator and an AMM for NFTs.

These two features aim to solve the most pressing problems in the NFT market, making it easier and more accessible for everyone.

The Flipping Aggregator

The Flipping Aggregator is designed to revolutionize the process of flipping NFTs. Instead of complex UX/UI or time-consuming manual processes, flipping NFTs is as simple as setting a target profit and watching the platform do the work for you.

AMM

On the other hand, the AMM for NFTs offers a more efficient way to trade NFTs by providing liquidity for collections and allowing traders to access a wider range of NFTs at more competitive prices.

“In contrast to the, widely used, conventional order-books in the NFT market, Sweep n’ Flip users do not need to wait for matching orders from other traders. Instead, they can trade directly with a liquidity pool. This means that trades can be executed immediately, providing greater liquidity and price efficiency. Additionally, the AMM algorithm ensures that prices are always kept in line with the current supply and demand of the market, reducing the risk of market manipulation or price discrepancies.” – Someone on the team said that, but I don't remember who (sorry)

The Sweep n’ Flip pools, which follow  x*y=k invariant formula from Uniswap V2, act literally as market makers, ensuring immediate liquidity for buying or selling NFTs in an infinity price range, as well as fair pricing given the deposits that guarantee liquidity.

• k= A Constant where the trades must not change the product.

• x= 1st Pair's reserve balance

• y= 2nd Pair's reserve balance

Automated Market Makers (AMMs) have been a well-established concept in the crypto market since 2018 and AMM solutions were (and are) responsible for forming the "foundation" of DeFi market liquidity. However, the non-fungible nature of NFTs has made it challenging to apply these systems to the NFT ecosystem. As a result, traditional order-book-based markets remain the dominant platform for NFT trading.

Sweep n' Flip aims to change this by offering an on-chain, gas-efficient AMM that pools NFT liquidity and enables trading of an entire NFT collection.

The AMM paradigm involves two groups of participants: traders and liquidity providers. A liquidity provider contributes NFTs and ERC20 tokens to a pool in exchange for a portion of the fees generated by the pool.

However, this method is not efficient for trading the rarest NFTs, or also known as "non-floor assets." Liquidity providers can withdraw their NFTs and ETH at any time, and LP tokens, which are ERC20 tokens that represent the liquidity in the pool, can be utilized in other parts of the Ethereum ecosystem.

See how easy it is to participate in pools as an LP and support collections liquidity:

➕ Add Liquidity

Anyone can interact with a pool to add liquidity with an equivalent amount of each token, respecting the pair of assets ratio 50%/50%.

The smart contract automatically emits more LP tokens for the new LP, balancing the constant product formula for the next operation.

Step-by-step to add liquidity:

• Go to the Sweep n’ Flip website

• Select “Liquidity” on the top bar

• Click “Add Liquidity” and choose the token you want to provide liquidity (it can be ERC20 or ERC721)

• Click “Supply” to complete the liquidity provision

• Click “Confirm Supply” to complete the transaction

• Once you have already provided liquidity, this screen will appear:

• You can create another pair by clicking “Add Liquidity”

• By clicking on a specific pair, you can add more liquidity or remove liquidity (see steps below)

➖ Remove or Add More Liquidity

The Liquidity Providers can also use their LP Tokens to redeem their assets at any time, respecting the pool pairs ratio.

Step-by-step to remove liquidity or add more liquidity:

• Once the liquidity is provided (as shown in the image above), you can click on the pair and a "Remove" and a “Add More Liquidity” button will appear

• Click on “Remove” button to start the liquidity removal process

• Choose the range you want to remove liquidity and complete the transaction

• Or click “Add More Liquidity” to provide more:

Swap

Token swaps with SnF AMM are a simple way of NFT trading, a user just picks the input and output tokens, specifying the amount of either one, and the protocol calculates how much they'll receive on the other end.

either one, and the protocol calculates how much they'll receive on the other end.

Step-by-step to swap:

• Go to the Sweep n’ Flip website

• Select “Swap” on the top bar

• Select the swap pair and the range

• You should also click “Choose NFTs” to specify the NFTs you want to swap

• Click “Swap” and then “Confirm Swap” after reading the details

How to join 🪂 👀

• Game on! We're keeping score of your activity on the Sweep n' Flip platform. Test it out!

• We also have some very interesting quests on Zealy (Crew3? 🚬 Haven't heard that name in years)

  https://twitter.com/SweepnFlip/status/1645544107652050944

  Is this tweet embedded there? Not here, but I hope it is there. LFG.

Final (beautiful) words

Sweep n' Flip is a proud member of the DeFi and web3 communities, and its mission is to contribute to the growth of the DeFi ecosystem and help build a more equitable financial system.

“Sweep n' Flip is set to be a game-changer for the NFT industry, providing NFT collectors with a simple, fast, and secure way to buy and sell their digital assets. With its innovative features and intuitive user experience, Sweep n' Flip is sure to become a must-have tool for any serious NFT collector.” – I remember who said it, because it was the COO, Vinicius

Sweep n' Flip is currently in beta and will be available to the public very soon. If you're interested in learning more about Sweep n' Flip or signing up for the beta, visit their website at sweepnflip.io