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...

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.

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.

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