epoch length, interest rate, and risk parameters); doesn't need to own the NFTs he
creates the pool(s) for. [Currently, Abacus is the only Pool creator]
Appraiser = the one who puts ETH into the pool to price the NFT. Appraisers are the Lenders. The ETH that gets put into the pool is also lent out.
Owner = the one who has an NFT in a pool filled with ETH
Lending Module = here Abacus, takes custody of the NFT, and gives out the loan.
Creating a pool for Abacus has no particular advantages for the pool creator for now. Pools can be created by anyone. Pools can consist of single NFTs, multiple NFTs and combinations of multiple different NFTs (and collections). Pool creators decide on the NFT(s) they put into the pool, the interest rate and the number of collateral slots. Collateral slots = how many NFTs in that pool can profit from liquidity at the same time
(a pool with 3 NFTs and 2 collateral slots, means that 2 owners can take out a loan at the same time. Total ETH value locked in pool / Collateral slot = Liquidity each of the 2 owners can use for the loan. Imagine 10 ETH is locked with 2 collateral slots, each owner has 5 ETH worth of liquidity).
Why appraise? Earn from interest rate and eventual auction proceeds
How to appraise? Think Pool value under NFT value? Put in ETH. Think pool value over NFT value? Skip pool. Ask the same questions on another pool.
What can owners do? Trade NFT for liquidity in the pool / use the liquidity to get a loan.
How is payout determined? Liquidity locked / collateral slots = Pay out per slot. 30E liquidity and 1 slot = receive 30E. 30E liquidity & 2 slots = Receive 15 ETH/slot.
What happens if the owner sells the NFT to appraisers? Immediately receives the liquidity locked, NFT goes into 48h auction. Appraisers get auction proceeds.
What happens if the owner trades/sells the NFT somewhere else? Nothing, the pool stays open and the new owner has access to it.