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zeekay
2a16d29b30
Complete LaTeX conversion of the Zoo Labs whitepaper from zoolabs.gitbook.io/whitepaper. Adds remaining sections 14-24 (NFT Marketplace, Gen 0 Drop, Asset Transfer, Animal Rewards, Roadmap, Zoo DAO, NFT Liquidity Protocol, AI-powered NFTs, Bridging Blockchains, Open Source, Partnerships) and compiled PDF.
14 lines
1.5 KiB
TeX
14 lines
1.5 KiB
TeX
\section{Zoo: An NFT Liquidity Protocol}
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Zoo is a liquidity protocol for NFTs, in the way that Uniswap or PancakeSwap is for tokens.
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New animals are added to the Zoo ecosystem by deploying new ``Drop Contracts,'' which define the Animal NFTs content. Once an Egg NFT hatches, an Animal NFT of the same status is minted and begins to earn \$ZOO Tokens according to its staked collateral and the outlined daily reward, determined by its rarity and species.
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Based on rarity, age, and how much collateral is added to each NFT, each NFT is effectively a liquidity position (LP) that can be burned to receive the underlying assets (collateral + rewards earned).
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Before freeing an animal (burning the NFT), \$ZOO and practically any currency can be added as liquidity to the animal NFT to increase its value. When users add collateral to their NFT Animal or participate in transactions on the Zoo ecosystem, a small fee is taken to be donated to the Zoo Labs Foundation. The economics have been designed to cater to the interests of collectors and charities alike while slowly supporting buy pressure through the gamification of the Zoo game, increasing the value of the total ecosystem.
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\subsection{Pools}
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Users can list NFTs as a pool on the marketplace. By placing NFTs in a pool, users can determine the value of the entire set of NFTs by setting the price of the pool. Once a pool is created, other users can purchase the pool for the set value. The buyer must send the amount to the owner to effectively transfer ownership.
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