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Trades

GONDI Trades enable peer-to-peer atomic swaps of NFTs and ERC-20 tokens between two wallets. Trades are exclusive to GONDI and settle through Seaport.

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Mechanics

A trade is a bilateral exchange between two counterparties. Each side can include any combination of:

  • One or more NFTs (ERC-721 or ERC-1155[required to be vaulted in Gondi vaults])

  • WETH

  • USDC

Both sides of the trade are signed off-chain and settled atomically on-chain.

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Use Cases

  • NFT-for-NFT swaps. Direct exchange of one or more NFTs without converting to a base currency.

  • Asymmetric swaps. NFTs plus a cash component on one or both sides to balance value differences.

  • Bundled liquidations or acquisitions. Move multiple NFTs between wallets in a single transaction.

  • OTC settlement. Privately negotiated deals executed without listing on a public marketplace.

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Fees

Trades are subject to a 0% protocol fee. Creator royalties, if applicable, are configurable per trade.

Standard Ethereum gas costs apply.

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Settlement

Trades are executed via Seaport, the order settlement protocol developed by OpenSea and used across the NFT ecosystem. Each trade order is signed by both counterparties and submitted on-chain for atomic execution.

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Availability

Trades are available on Ethereum mainnet.

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