FEES SUPPORTING FLOORS: Clutch Markets Is Launching The World’s First Perpetual Futures Exchange For NFT Communities!
- Kyle
- 6 days ago
- 1 min read
Fees supporting floors could become the new meta this week as ApeChain’s very own Clutch Markets prepares to launch what it calls the world’s first perpetual futures exchange built specifically for NFT communities.
On Wednesday, March 4, NFT holders who love their JPEGs and love to trade will be able to combine the two, going long or short on hundreds of coins with up to 100x leverage, all while directing a percentage of their trading fees toward buying back and vaulting NFTs from their favorite collections.
“NFTs have the largest communities of verifiable onchain users in crypto,” Clutch Markets Founder and ApeChain’s Head of DeFi SimpleFarmer tweeted. “Their communities actively use DeFi dapps for perps trading and token swaps every day. Starting this Wednesday, the fees from that activity will go back to supporting your collections. That’s Clutch.”
At launch, Clutch Perps traders will be able to allocate their trading fees to support collections like the Bored Ape Yacht Club, Mutant Ape Yacht Club, HV-MTL, Kodas, Geez, NightGlyders, Clutch Puppies, Chimpers, Good Vibes Club, Gobs and VeeFriends.
“A percentage of every trade supports the floor by buying back and vaulting any whitelisted NFT collection you choose as a trader,” the platform wrote. “Trade together. Lift the floor. Let’s win.”
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