nftperp Uses Allora’s RoboNet to Drive Liquidity in Long-Tail Perpetual Markets
We’re excited to announce that nftperp, a perpetual futures DEX that allows traders to speculate on NFT collections, has integrated with RoboNet, the first AI-powered vault protocol built on the Allora Network. To adapt to rising demand for more predictive, intelligent, and dynamic market making, nftperp utilizes RoboNet’s AI-powered vaults to enhance liquidity for the decentralized limit orderbook in v2 of their platform.
This partnership enables nftperp traders to allocate capital into customizable RoboNet vaults running sophisticated ML models instead of building strategies themselves. Users deposit capital into those vaults to passively leverage institutional-grade automated yield strategies.
ML model development typically requires months of investment for perps platforms. As such, nftperp is strategically adopting RoboNet’s already-proven models, which are built on the Allora Network.
“We could have developed our own models,” says 0xJose, CEO and founder of nftperp, “but opting for RoboNet’s battle-tested, secure, out-of-the-box solution has saved our team vast amounts of time, energy, and financial resources.”
RoboNet is an AI-powered vault protocol that gives users passive access to automated, machine-intelligence-powered capital strategies. Users deposit capital into onchain vaults, each managed by specific AI-powered strategies running on the Allora Network. nftperp will leverage RoboNet’s AI-powered strategies for predictive liquidity management, effectively increasing depth of liquidity on nftperp’s platform.
“Liquidity is the lifeblood for any DeFi protocol,” says Nick Emmons, CEO of the team behind Allora. “Our partnership with nftperp will help kickstart that liquidity flywheel across the NFT landscape. By decoupling capital provisioning from capital management and using sophisticated AI infrastructure to manage capital, we can start to drive more liquidity into increasingly niche, long-tail markets.”
Traditionally, market-making required colocating capital and infrastructure — combining sophisticated strategies with available money. The overhead required to make this model work was better suited for institutional firms, which created high barriers to entry. And even those traditional firms would face prohibitively high costs if they wanted to address long-tail niches, such as RWAs and generative art NFTs.
However, RoboNet decouples capital and infrastructure. This model enables anyone to participate in long-tail markets. By allowing regular users to contribute funds while leveraging sophisticated institutional-grade strategies, RoboNet demolishes previous barriers to entry. The protocol injects new liquidity into overlooked niches, driving exposure to new asset classes for nftperp’s users.
There are three main use cases that the nftperp and RoboNet integration empower:
- Strategists have a streamlined toolkit for more expressive market-making.
- Traders are able to effortlessly subscribe to and benefit from the strategies of successful vault creators.
- More liquid, long-tail perpetual markets.
“We’re offering a new kind of very passive, but very sophisticated way of earning yield,” says 0xJose. “And we can’t wait to see where people take it.”
About Allora
Allora is a self-improving decentralized AI network.
Allora enables applications to leverage smarter, more secure AI through a self-improving network of ML models. By combining innovations in crowdsourced intelligence, federated learning, and zkML, Allora unlocks a vast new design space of applications at the intersection of crypto and AI.
To learn more about Allora, visit the website, Twitter, Medium, Discord, and developer docs.
About nftperp
nftperp is an open-source DeFi platform that enables users to trade on the price of NFT collections using perpetual futures contracts. Users engage in NFT price speculation without the need for actual NFTs as collateral, leveraging a cash-settled, non-expiring contract system that closely mirrors the NFT market through ETH transactions.
To learn more about nftperp and v2 of their platform, visit their website, Twitter, Medium, Discord, and developer docs.
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