Endgame
Items, LP tokens, tickets, and more are on the way.
Endgame is a non-custodial ERC1155 hybrid trading protocol and community curation market based on improvements of Uni V3 and Joe V2, which is permissionless and trustless, supporting one-stop free trading of ERC20/721/1155.
Permissionless: utilizes a a factory/registry contract that deploys a separate marketplace contract for each ERC20 token contract. These marketplace contracts each hold independent reserves of a ERC20 currency and their associated ERC721/1155 token id. This allows trades between the Currency and the ERC721/1155 tokens based on the relative supplies.
Trustless: using TCRs to curate trades on permissionless markets, helping to address the black box problem in decentralized, imperfect information games
Non-custodial: unlike maintaining an order book to facilitate matching trades between buyers and sellers, Endgame allows for instant buying and selling of item collections or providing liquidity to earn pool fees. These actions are facilitated by smart contracts holding reserve liquidity in various tokens, with trades executed directly against these reserves. User assets remain in their own wallets.
Hybrid trading (ERC20/721/1155) under liquidity book utilizes an automated constant sum X+Y=K market maker mechanism to set prices, maintaining relative balance of total reserves. These reserves aggregate among liquidity providers in a network, with liquidity providers offering tokens on the market to proportionally share in transaction fees.
Support for Single Sided LPs: In the standard Uniswap v2 AMM design, LPs who wish to add liquidity are required to provide both assets in equal amounts. Sudoswap also follows this design. To increase LPs' flexibility and liquidity in the NFT domain, Endgame references Wombat's flexible liquidity pool and uses Asset Liability Management as the foundational design to allow for the adding of a single token, which helps to increase liquidity without complex operations. Endgame also aggregates liquidity from different LPs into the same pool through Hybrid CLMM. LPs can build different trading strategies through multiple ve-lock positions that offer maximum flexibility and earnings boost, as well as more customizable liquidity positions
Composability is a core feature of DeFi that enables developers to quickly create new projects by integrating existing protocols, such as liquidity mining, collateralized lending, and derivatives trading. One such protocol is GMX, which achieved remarkable success in 2022. Its LP token GLP consistently provided over 20% in returns denominated in $ETH, leading to the popular "real yield" narrative and GLP basket of currencies narrative. But in sudowap, due to each NFT having a unique Token ID, a single NFT cannot be "owned" by two LPs simultaneously. This requires independent settlement of NFT assets between LPs in an NFT AMM. To facilitate this, Sudoswap uses a Bonding Curve to address the issue. Different LPs can construct different Bonding Curve pools for different trading strategies in Sudoswap, but because each pool only has one LP, NFT asset independent settlement between LPs is achieved by isolating the pools. However, in also pool isolation The isolation of NFT liquidity on-chain, leading to a lack of composability. In Endgame, liquidity providers (LPs) offer customizable liquidity positions through the ve-lock in BIN. Enables all LPs' liquidity positions in NFT-FT trading pairs to aggregate into the same liquidity pool. And by building a diversified currency reserve fund, ELP is able to construct a rich derivative protocol. Unlocking greater liquidity and composability. The real Lego game will now begin.
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