🧹Introducing Sweepr

Inspired by Unibot's revenue share and token tax model combined with a governance utility system akin to FloorDAO, Sweepr is an NFT liquidity flywheel designed to deliver value to creators and communities through provisioned liquidity and user incentivisation.

At the core of our protocol is the SWEEPR token, whose central function is designed to simultaneously fund the Sweepr treasury and filter incentives to our users through token tax derived from DEX trading volume. In order to wholly reap the benefits of our protocol, SWEEPR holders are encouraged to provide SWEEPR/ETH liquidity in which they can then stake to receive xSWEEPR.

The xSWEEPR token grants users governance power, allowing NFT communities to band together and vote in bi-weekly Sweepr Acquisition Proposals as well as the on-chain, single elimination ladder tournament known as The Floornament. Additionally, xSWEEPR gives users exposure to revenue share (distributed in ETH) and SWEEPR liquidity mining rewards.

Governance plays an integral role in fueling the Sweepr flywheel and is the mechanism by which collections are selected to be swept and deployed as liquidity. Utilizing platforms like NFTX and Floor Protocol not only allows us to provide provisioned NFT liquidity, but exposes us to yield opportunities generated by trading fees from said platforms. 60% of the yield generated by treasury-held NFT liquidity is used to perpetually sweep the floor of a respective collection. The other 40% is directed back into the Sweepr treasury to be used to for future sweeps.

Our Mission

Sweepr's mission is to deliver unprecedented value to the NFT market by leveraging NFT-Fi in order to unlock the potential of billions of dollars in stagnant assets. Our strategy involves engaging directly with creators and their communities to build relationships that bolster both our users' investments and a projects' ecosystem. Sweepr is dedicated to promoting a safer, more credible perception of NFTs as legitimate investment vehicles.