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HomeCOINSDegenerate Ape Academy Floor Index (DAPE) Coin Guide &...

Degenerate Ape Academy Floor Index (DAPE) Coin Guide & Detailed Review

About Degenerate Ape Academy Floor Index

By tokenizing assets in a Bridgesplit Vault, the asset value can be easily integrated into applications in the Bridgesplit protocol. The DeFi and NFT ecosystems exist in silos, causing $20B+ of value to sit idle in wallets. Degenerate Ape Academy Floor Index is a protocol that enables everyday users and institutions to earn yield and get liquidity for non-fungible tokens via lending, indexes, fractionalization, derivatives and more. Floor Indexes is a non-fungible token financial primitive introduced by Bridgesplit to create a novel liquidity option for collectors and collections. Floor Indexes are a layer of fungibility on top of fractionalization.

Degenerate Ape Academy Floor Index Basic Points Table

Coin BasicInformation
Coin NameDegenerate Ape Academy Floor Index
Short NameDAPE
Circulating SupplyN/A
Total Supply1,000
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Official Project WebsiteClick Here To Visit Project Website

Who Are The Founders of Degenerate Ape Academy Floor Index


Liquidity option for holders of rarer NFTs

Protocols like NFTX demand holders swap their whole NFT for 1 token to represent the pool. This forces sellers of rarer or above-floor NFTs to sacrifice all added upside for immediate liquidity. With Floor Indexes, a seller may sell 20% of their asset at floor to get some liquidity but sell the whole asset later and still retain 80% of the upside. By aggregating NFT liquidity and minting a fungible token which mechanics in place to track the value of the collection, Floor Indexes create a token with NFT exposure that can be used in other DeFi protocols. This enables new financial products like derivatives on top of these tokens.


A Floor Index has 0 tokens to start and mints 1,000 tokens for every deposited asset. Deposited assets are fractionalized prior to deposit, therefore only a full kilo-asset will mint 1,000 index tokens. Users can also deposit a portion of their dragon, receiving a proportional share of index tokens. Index tokens may also be acquired by purchasing shares for SOL on the open market. Index tokens may be swapped for any individual asset fractions backing the index. This is the only way to acquire the underlying shares of the specific asset.

All assets are fractionalized via the Bridgesplit protocol, meaning the assets support buyout, fusing, and more (see fractionalization docs for more info). Someone who owns a kilo-asset can burn the 1,000 shares to claim the full NFT to their wallet. Additionally, fractionalized assets may be put up for auction at the vote of at least 50% of shares. In the event of a buyout, shares may be redeemed for their pro-rata share of winning bid in SOL. Therefore, index tokens may be swapped for shares of a bought-out asset that still remains in the index and then redeemed for SOL on the asset’s page.

Why Choose Degenerate Ape Academy Floor Index

The assets tab shows the contents of the index and the price (denoted in shares) for the assets. If asset swaps are enabled, the buyout button will be blue for anyone with enough shares to purchase the asset. The vote tab is where a user will directly interact and place/change votes as they see fit. The manage tab allows users who create indexes to change the respective prices and add new assets to the pool. The trading panel allows users to swap on the AMM, provide liquidity to the AMM, and trade on an orderbook.

In a Dynamic Index, the Curator now has the ability to add assets and change the relative prices of the asset. This provides flexibility for the Curator in case his/her needs change or the market changes. However, a Dynamic Index can create a risk for traders. Curators may add low value assets to a pool or lower the relative value of an asset to enable a discounted purchase.

Where Can You Buy Degenerate Ape Academy Floor Index (DAPE)?

Degenerate Ape Academy Floor Index Tokens Can Be Purchased On Most Exchanges. One Choice To Trade Is On Raydium, As It Has The Highest DAPE/SOL.e Trading Volume, $8,947 As Of February 2021. Next is OKEx, With A Trading Volume Of $6,180,82. Other option To Trade Include DAPE/SOL And Huobi Global. Of Course, It Is Important To Note That Investing In Cryptocurrency Comes With A Risk, Just Like Any Other Investment Opportunity.

Market Screenshot

Degenerate Ape Academy Floor Index Market screenshot

Degenerate Ape Academy Floor Index Catalina Whales Index

Several Browser And Mobile App Based Wallets Support Degenerate Ape Academy Floor Index. Here Is Example Of Wallet Which Support Degenerate Ape Academy Floor Index – Trust Wallet For Hardware Ledger Nano.

FAQ Of Degenerate Ape Academy Floor Index

Where I Can Find Degenerate Ape Academy Floor Index Whitepaper?

You Can Find Degenerate Ape Academy Floor Index Whitepaper By Clicking Here.

Where I Can Buy/Sell Balancer Token?

You Can Buy or Sell Balancer Token On Some Popular Exchange For Example – Raydium.

What is Circulating Supply Of Balancer Token?

Circulating Supply Of Balancer Token Is N/A.

Nile Is Very Old Author At Wootfi Blog . We Loves To Write About Altcoin , ICO & Defi . In Free Time He Loves To Play Football .

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