Sudoswap Presyo

What is Sudoswap?

Sudoswap ($SUDO) is a concentrated liquidity AMM protocol designed specifically for NFTs. It is launched on July 2022 by anonymous developer 0xmons, zefram.eth, and 0xhamachi.

Traders can enjoy low-slippage swaps between NFTs and tokens, and liquidity providers can better control the price ranges they LP for as well as set up dynamic buy/sell walls.

Unlike most other NFT marketplaces today, sudoAMM uses on-chain liquidity pools rather than off-chain order books. sudoAMM liquidity pools are different from those of e.g. Uniswap, and we will explain the differences in a later post. While this does add some gas overhead, we have been mindful in keeping these costs to a minimum. Deploying a new pool is around 180k gas, and your pre-existing pools can be reused when you want to buy/sell additional items.

In return, anyone can run their own front-end and indexer, allowing for a decentralization-focused approach. This also allows other on-chain entities like DAOs to more easily participate in NFT markets, opening up interactions like transparently setting up NFT buy walls on-chain.

What can be used in Sudo?

The protocol will be open for anyone to create and trade with pools for any NFT at launch.

Traders will be able to:

• Swap NFTs for ETH
• Swap ETH for NFTs

Liquidity providers will be able to:

• Deposit ETH and receive NFTs as traders swap with your pool
• Deposit NFTs and receive ETH as traders swap with your pool
• Deposit both ETH and NFTs and receive trading fees as traders swap with your pool

As a trader, the experience is similar to other exchanges. You select which NFTs to sell or purchase, and the router gives you an instant quote.

As a liquidity provider, the experience is most similar to Uniswap v3. You select a price range to provide liquidity for, and then deposit your assets.

Technically, the sudoAMM contracts support the creation of any arbitrary ERC721/ERC20 pool. However, we will be supporting only ETH to start at launch to improve routing and liquidity across pools.

SUDO Governance & Distribution

The sudoAMM protocol will be governed by the $SUDO governance token.

The token will be non-transferable, with a transferability vote also being deferred to on-chain governance after launch.

For full $SUDO distribution details, we'll be releasing another post soon that explains the procedure for $XMON holders.

The initial supply distribution of SUDO is as follows:

Initial supply: 60M SUDO

$XMON holders: 25.12M, 41.9%

0xmons NFT holders: 0.9M, 1.5%

Retroactive LP airdrop: 0.9M, 1.5%

Treasury: 15.08M, 25.1%

Initial team members: 9M, 15%, vested over 3 years with a 1 year cliff

SudoRandom Labs: 9M, 15%, vested over 3 years with a 1 year cliff