So you want to be able to go long on your NFTs ?
Tensor's price lock allows users to lock down the current price of an NFT for 7 days. Depending on the type of lock they can purchased they can make a margin off the difference between the future price and current price.
Introducing Tensor's Price Lock
Lock the current price of an NFT asset and net the difference between the lock and the price
Types of Price Locks
There are two types of Price locks which are Buy lock and Sell lock and we'll be diving into both of them next...
HEY DEGENS!
— MyEmiAdv (@MyEmiAdv) February 10, 2024
Here made the simplest tutorial of how to use the new feature of @tensor_hq PRICE LOCK. pic.twitter.com/11dx3wVMum
Buy locks
In a 'Buy lock' you lock the current price of an NFT with the hope of the NFT price going up so that when you exercise your lock...your lock price will be lower than the current price then you can make a profit on the difference.
HEY DEGENS!
— MyEmiAdv (@MyEmiAdv) February 10, 2024
Here made the simplest tutorial of how to use the new feature of @tensor_hq PRICE LOCK. pic.twitter.com/11dx3wVMum
Sell locks
In a 'Sell Lock' you lock the current price of an NFT with the hope of the NFT price going down so that when you exercise your lock...your lock price will be higher than the current price then you can make a profit on the difference.
HEY DEGENS!
— MyEmiAdv (@MyEmiAdv) February 10, 2024
Here made the simplest tutorial of how to use the new feature of @tensor_hq PRICE LOCK. pic.twitter.com/11dx3wVMum
Funding locks
Funding locks is akin to market making. When you fund a lock you provide the NFT required for the lock. People can then come and buy your lock and when they do you get yield, now if price goes the way the buyer predicted, you get SOL at the price you agreed to lock your NFT for as long as the buyer exercises within 7days and if it doesnt go the way they planned, you get your NFT back and dont forget your yield