Reminder PumP Markets Early Adopter

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The Most Capital-Efficient Points Marketplace on BLAST



Tired of losing out on yield and locking up capital in clunky, expensive pre-market platforms? We're revolutionizing the game by introducing P2P Trading for points and pre-market tokens that eliminates these pain points and earn up to ~15% yield on collateral.

πŸ’°Point Markets


Background

  • Capital Inefficiency: Existing P2P OTC platforms like Whales Market require two-sided collateral where both buyer and seller lock up funds, leading to significant capital inefficiency. Additionally, sellers are hesitant to list points early due to long lock-up periods.
  • Lost Yield: Locking up capital in pre-market token allocations means high opportunity cost in terms of yield. As an example, Ethereum currently generates 4% yield.


Why Now?

  • Maturing Point Systems: Point systems are becoming increasingly robust and standardized, while yield generating assets are becoming more attractive as more capital enters Web3 through wider retail and institutional adoption. This creates a higher demand for points, which also extends to pre-market tokens.


βš’οΈPump! Solution



  • Capital-efficient Points & Pre-market Marketplace: Pump enables P2P trading of points and pre-market tokens from any project. Users can create a buy or sell order in a decentralized manner without any centralized entity controlling it. All transactions will be executed through smart contracts.
  • Native Yield for Seller: Seller who has an order filled will receive up to 15% of yield on the collateral because of native yield on Blast L2. This is because the platform holds Buyer's funds once each order is filled, and then automatically re-distributes yield from Buyer's funds during holding period once the order is settled. Holding periods typically range from 15 days to 1.5 months.
  • Tradeable Positions: For every filled order, the Buyer can mint a ERC-721 NFT that represents the positions and trade freely on existing NFT marketplaces like Blur, or lend on Blend.
  • Dynamic Collateral: Seller can toggle how much collateral to deposit for each order. The yield on deposit ranges from 5 to 15%.


Quantifying the Advantage:

  • Example: Assuming $40 million is locked on a traditional P2P market, the buyers and sellers lose $300K of yield per month.



πŸ’»How it works



Buyers:

  • Purchase points or tokens from your favorite project before trading:
    • Discover and browse the most hyped projects in the space
    • Purchase in a safe and trusted space, fully decentralized and control by the user
  • Unlock Liquidity with NFTs:
    • Mint positions as ERC-721 NFTs, representing your long or short bets on specific assets
    • Gain flexibility by easily trading these NFTs on popular marketplaces like Blur


Sellers:

  • Earn Passive Income through yield:
    • Generate up to 15% yield on your listed positions
    • Yield is received at token TGE post-settlement
  • Tailor Your Strategy:
    • Choose your collateral level based on your risk tolerance and desired yield
    • Toggle collateral percentage between 50% and 100% to optimize your returns based on your investment strategy


How it works (Buyer):

1. Find the position to enter:

  • Fill a Sell order or create Buy order

2. Deposit funds:

  • Connect your wallet and deposit the full purchase price amount in USD-B

3. Mint your NFT:

  • Click the mint button to receive the NFT in your wallet
  • List your NFT on Blur or lend on Blend (coming soon)

4. Receive Token:

  • At TGE, Seller will release the tokens to you in a 24-hour window
  • If the Seller fail to send you the tokens within 24 hours, you will receive the collateral and purchase price back in full


How it works (Seller):

1. Create your position:

  • Create a Sell order

2. Set your collateral level:


  • Define the amount of collateral between 50% and 100%.
  • Yield on the collateral ranges between 5% to 15%.
  • Top Pump candle holders have the option to lower collateral level to 30%


5. Release Token:

  • Post TGE, Seller has a 24-hour window to release the tokens to Buyer
  • You will receive up to 10% yield on your collateral plus the purchase price amount from Buyer.
  • If you fail to settle within 24 hours, you will lose your collateral to Buyer


Safety and security:

  • Secure smart contracts handle all transactions.
  • Funds are held in escrow until settlement.
  • Transparent audit reports ensure platform security.


πŸ“ˆTrade your position via. NFT



Having your position represented through a ERC721 NFT unlocks unprecedented opportunities

  1. Create flexibility for buyer to trade in / out of the position through NFT marketplaces
  2. Allow buyer to borrow with the NFT as collacteral on Blend or other NFTFi protocol (coming soon)


🀝Settlement



πŸ’ΈPlatform Fee


Pump takes a 2.5% fee that goes into teasury. In the future, Pump will move to a DAO system through the platform utility token to govern treasury and control value accrual and distribution of the platform.

πŸ’―Pump Points


β›½

Overview


Pump Points (PP) is powered by a dynamic points system that allows Pump Markets to reward early adopters on Blast and give back to our core community.
Pump Points can be accumulated across 2 seasons:

  • Season 1: Testnet
  • Season 2: β–ˆβ–ˆβ–ˆβ–ˆβ–ˆβ–ˆβ–ˆ


Each season will have different timings, mechanics, rates and boost multipliers.

Season 1


How to earn Pump Points (PP) in Season 1

Onboarding

By completing the onboarding process and joining our Telegram channel, you will earn 10 PP every hour until β–ˆβ–ˆβ–ˆβ–ˆβ–ˆβ–ˆβ–ˆ


Invites

Invite others to boost your points. You will earn PP for each referral and β– β– % of PP earned by your invites.

Signing up with a valid referral code will give you an immediate 100 PP bonus.


⁉️FAQ


General:

Q: Where can I find more information about Pump?
A: You can find more information on our twitter @pumpmarkets.


Technical:

Q: What is Pump built on?
A: Pump is built on Blast Layer-2 blockchain and supports EVM smart contracts.


Point System:

Q: How do I earn points?
A: You can earn points through various activities such as buy and sell orders, referrals, and social engagement. More details to come!

β–ͺ β–ͺ β–ͺ


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