# What's Catfish Market?

[Catfish Market](https://catfish.market/) is an NFT trading platform that uses public voting by collectors as a pricing mechanism, helping NFT collections establish automated market makers and solve the liquidity shortage for non-floor NFTs caused by large gaps between listing and bid prices.

<figure><img src="https://3620967840-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FSB4UJ3IEkOYYMm776Av3%2Fuploads%2FCOxsEPwElE8gMVqn7pVr%2F%E8%A7%A3%E5%86%B3%E7%8E%A9%E5%AE%B6%E7%9A%84%E8%8B%A6%E6%81%BC%EF%BC%88%E8%8B%B1%E6%96%87%EF%BC%89.PNG?alt=media&#x26;token=820d25c0-f62b-4d68-a048-6ca51b5e5184" alt=""><figcaption></figcaption></figure>

**How to achieve it?**

**Battle to earn scores**

NFTs within the collection will battle each other one-on-one, with the [public voting](https://catfish.market/battles) (especially collection holders' voting) to determine the winner. The higher the number of net wins and win rate, the higher the score and ranking of the NFT.

**Score-based pricing AMM**

Eligible collections will be able to establish a "Collection AMM Pool" (Automated Market Maker), offering individual bids for each NFT participating in battles, allowing the collection to break free from the current situation where only floor-priced NFTs have liquidity.

The unique bid for each NFT is calculated automatically based on its battle score as a variable, combined with the collection's Ceiling Price provided by the AMM pool's LPs (Liquidity Providers), following a predefined function.

<figure><img src="https://3620967840-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FSB4UJ3IEkOYYMm776Av3%2Fuploads%2F4M4lPWasENKf3juXGT0Y%2FAMM%20Listing%E8%87%AA%E5%8A%A8%E9%99%8D%E4%BB%B7%E6%9B%B2%E7%BA%BF%EF%BC%88%E8%8B%B1%E6%96%87%EF%BC%89.PNG?alt=media&#x26;token=db677a33-e6d3-402c-a6aa-f947faacd3d5" alt=""><figcaption></figcaption></figure>

**LPs earn trading spreads and mining rewards**

LPs can choose collections they are optimistic about and deposit ETH into the collection's AMM pool to provide liquidity, earning trading spreads from NFT price differences and [token rewards](https://catfish.market/airdrop) from the Catfish platform.&#x20;

However, LPs must also bear the potential losses caused by a decline in the collection's price or difficulty in selling NFTs they bought, similar to the risks faced by market makers on most platforms.

Then, non-floor prise NFTs will have buy orders available for immediate sale.

<figure><img src="https://3620967840-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FSB4UJ3IEkOYYMm776Av3%2Fuploads%2FArKzHCve4LRTidBFQc3T%2FLP%E7%9A%84%E7%9B%88%E4%BA%8F%EF%BC%88%E8%8B%B1%E6%96%87%EF%BC%89.jpg?alt=media&#x26;token=8aadda17-6840-4de5-8286-ed88f2a8edf5" alt=""><figcaption></figcaption></figure>

**Bringing comprehensive liquidity to the NFT market**

Catfish Market aims to comprehensively solve the liquidity issues for outstanding collections and high-quality NFTs, breaking free from the current situation where only the 10% of NFTs at floor price have liquidity. It seeks to help the NFT market identify and highlight higher-quality NFTs and collections.

[Pitch Deck →](https://catfish-market.gitbook.io/faq/v/business-plan-of-catfish-market)

[The Rap Of Catfish Market →](https://suno.com/song/ff3a0ed3-ec60-4cc6-8f28-503aee78e576)