Bridgesplit Third Floor Index Goes Live

Stoned Ape Crew NFT collection capitalizes on Bridgesplit for liquidity.

Chung Yee
March 15, 2022

Floor Index

Bridgesplit launches its third Floor Index with Stoned Ape Crew Non-Fungible Tokens (NFTs) after successfully launching Boryoku Dragonz and Portals

Source: Floor Index is a novel financial primitive that allows for instant liquidity for floor and rare assets

Stoned Ape Crew NFTs can be staked for daily rewards in $PUFF, the project’s native token. The Floor Index is the first to leverage a project’s native utility token. In conjunction with this launch, early depositors are entitled to additional rewards. 

The first 10 whole Stoned Ape Crew NFTs deposited to the Floor Index for the index token ($SAC) will receive additional vesting rewards in $PUFF. The vesting reward of 2,000 $PUFF will be distributed to the first 10 depositors vesting daily over 2 weeks. 

$SAC-$SOL Pool 

Stoned Ape Crew’s NFT holders can trade their asset in whole or in part for index token at any time for liquidity. The index token then can be traded for $SOL in the open market. 

Source: Stoned Ape Crew is the latest NFT collection to go live on Bridgesplit’s Floor Index

Floor Indexes is a convergence of NFT and Decentralized Finance (DeFi). Fungible tokens will be issued once the NFT is traded that will track the value of the collection. The index token and $SOL can be provided to the Liquidity Pool to enable trade. 0.22% of all trading fees will be redistributed to liquidity providers.

What is Bridgesplit?

Bridgesplit is the first non-fungible token (NFT) financialization platform built on the Solana blockchain. Bridgesplit bridges NFT and DeFi to create capital efficiency in the NFT ecosystem. 

Official links for Bridgesplit’s socials are provided below:

Website | Twitter | Blog | Discord

Chung Yee

Chung Yee has a legal background and has been involved in research works for the legal and compliance industry. Writing is his passion, centered on topics such as the blockchain and finance. His largest crypto holdings are Solana, Ethereum, and BNB Token.

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