NFTs

To support leverage trading on Takepile, the Takepile Protocol will have Liquidation Pass NFTs available for mint. Liquidation bots are standard on leverage trading platforms, and lead to efficient and accurate leverage trading. Growing a large, decentralized network of bot operators benefits everybody interacting with Takepile.

Each mint increases the price of the liquidation pass. (x^2*y | y= 5 ftm) Minting for Liquidation Pass NFTs will begin during Takepile's launch week. A Liquidation Pass NFT allows the wallet holding the NFT to operate a liquidation bot and process liquidations on Takepile. In order to keep the system fair, a wallet cannot process two liquidations in a row, allowing other operators the opportunity to participate in the ecosystem.

How liquidations function on the Takepile Protocol.

Takepile has developed a liquidation bot to test the functionality of the protocol and will have the bot available for free on our GitHub.