Working on a novel way to auction non-standard tokenized assets. Two main quirks with the way our auctions work

1. Bid-to-earn model that encourages bidders to participate actively, bidding high and early. Incentivizing people to bid even though they may not want the underlying asset.

2. Instant Liquidity: Sellers get to tap into the liquidity from the bidders by paying a fee that gets redistributed to bidders based on how much bid "risk" they take (the standard rate is set at 3%)

Note: Sellers can cancel the auction anytime, but they will need to repay whatever they took out plus an additional fee, which is paid to bidders. Canceled auctions effectively become loans. Unlike p2p laon protocols, our auctions optimize for the sale (default) instead of the repayment.

Video showing how to get a loan/advance for a tokenized Pokemon card on Liq: https://www.loom.com/share/5bd2d2fd4e7f4ff58a7227379720e2d2?sid=ab9429d1-30a2-41e6-82ac-15afc47a2835

If you want to bid or play around with what we've built so far: https://beta.liq.auction

*Ignore the Request access button on the page and click "Login" on the top right to get access. To bid, you'll need some USDC on Polygon. The Pokemon cards being auctioned off are physically backed and redeemable cards vaulted by Courtyard (a startup backed by YC)

Happy to answer any questions and listen to feedback!