Zaar is now open for trading, to all.
Zaar is a lightning-fast NFT trading terminal, built initially on Telegram.
With Zaar’s private beta now complete, we’ve gathered enough feedback to launch Zaar publicly. Below, we’ll dive into Zaar’s launch features and the role of PRTC (and oPRTC, as usage is incentivized) in Zaar.
Access Zaar Now:
Zaar Launch Features
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Instant wallet creation
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Deposit / Withdrawal of both NFTs, and ERC-20's
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Buy / Sell functionality across all aggregated liquidity sources, powered by Reservoir
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Bid functionality across all aggregated liquidity sources, powered by Reservoir
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Listing functionality across all aggregated liquidity sources, powered by Reservoir
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Ability for users to encrypt their private key with an alphanumeric password that only gets decrypted at runtime when users want to perform an action on-chain
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Private, MEV & Frontrunning protected transactions by default, powered by Flashbots RPC
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AI integrated search, powered by ChatGPT, allowing for text-based searching, enhancing the browsing experience
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Ability for traders to browse the floor prior to buying an NFT
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Ability for traders to insta-buy without the need to preview any specific listed NFT
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Insta-sweep, allowing traders to conduct a sweep of any pre-determined or custom size, aggregating all available listings
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Insta-dump, allowing traders to exit their position by instantly accepting bids for any pre-determined or custom size, aggregating all available liquidity
Expect new features for Zaar to be rolled out extremely quickly, as we gather user feedback and vastly improve the UI/UX for all Zaar users to enjoy an increasingly seamless trading experience.
The Role of PRTC in Zaar
The PRTC token was designed to be the heart of the Protectorate, this means it accrues value from all of its products, with the goal of introducing greater utility as the product suite matures.
With regard to how xPRTC stakers benefit from all activity that takes place within Zaar, a visualization has been prepared that explains how fees taken from trading are distributed evenly between:
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xPRTC stakers (50%)
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Protectorate Treasury (25%)
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Buyback & Make PRTC (25%)
Note: All revenue sharing is distributed in ETH
Updated Zaar Revenue Flow
Updated Zaar Revenue Modeling
oPRTC Incentive Program
As an added incentive, on top of offering the most intuitive NFT trading experience, Protectorate has reserved 10% (10,000,000) of the total PRTC supply as oPRTC rewards for Zaar users. Protectorate will emit oPRTC (call option PRTC) to users who exceed the trading and TVL thresholds outlined here.
What This Means for NFTs
At Protectorate Protocol, we’ve witnessed the rise of multiple new primitives when it comes to NFT trading. From the introduction of NFT AMM’s, to marketplaces that incentivize mercenary-like behavior with extremely vague incentive programs. With all this having been witnessed and considered, we decided that with Zaar, the buck would stop there.
Straight-forward & Transparent Incentives
With Zaar, we’re committed to ensuring our users can access the deepest possible liquidity at any point in time, regardless of which side of the trade they’re on.
No more needless worrying about bidding wars, point farming, or collection liquidity evaporating overnight as farmers rotate to the next collection to farm illusive points with vague, unspecified parameters.
Zaar Trading Lottery
More than anything, we want to empower traders of every size and experience level to participate in the launch of Zaar. To juice things up, we’re kicking off the public launch with a trading competition, with real NFT prizes awarded to the most active traders on the Zaar terminal.
The Zaar Trading Lottery will open today, and will run for exactly 30 days, closing on 10/27 at 4:00pm EST.
Community Volume Unlock
Once total trading volume on Zaar surpasses 1,000 ETH cumulatively, the Trading Lottery rewards will unlock, and a random (verifiably random) address amongst the traders that hit the thresholds stated below, will receive the rewards based on their tier.
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Bronze-Tier = any address that reaches 1-3 ETH of cumulative value traded = rewards: 1 Forgotten Runes Wizard Cult, 1 Nakamigo, 1 Parallel Avatar (Total of 3 rewards)
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Silver-Tier = any address that reaches 3-5 ETH of cumulative value traded = 1 Lil Pudgy, 1 Azuki Elemental (Total of 2 rewards)
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Gold-Tier = any address that reaches 5+ ETH of cumulative value traded = 1 Milady (1 reward)
A cumulative market value of ~3.74 ETH in rewards, at time of writing.
Note: Lottery based, eligible if you trade within the size thresholds, not PnL based.
Zaar Docs
We encourage you, our community, to read our refurbished docs, which now encompasses all things Zaar related, from tutorials, Zaar fees & royalty policy, to our oPRTC incentive program for Zaar users: