TechFlow News — NFT trading protocol sudoswap has announced the launch of sudoshort, a protocol designed to enhance liquidity provider (LP) yields, enable users to short NFTs, and reduce reliance on oracles. Sudoshort is an optional protocol built atop sudo liquidity pools.
Pool owners can opt in to allow traders to borrow their NFTs in exchange for ETH collateral. Liquidity providers are well-suited borrowers since they already maintain a balanced position between NFTs and ETH (at the right price). Loans have fixed terms, simplifying loan settlement. Liquidity providers can set interest rate caps and minimum collateral requirements. Pricing is based on a maximum value, ensuring upside protection.
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