Fraction Market Types
Anyone with fractions of an NFT can initialized up a market to trade the fractions. There are two different types of markets that can be initialized, and both can exist at the same time. As a fraction holder you can provide liquidity to the AMM and earn fees or place orders on the orderbook. As a collector, you can purchase fractions from these markets which are visible directly on the vault page as long as the NFT has not been bought out.

AMM

Bridgesplit's Raydium powered AMM enabled anyone to trade between SOL and fractions at a price automatically set by supply and demand. Read more about pricing on Raydium's AMM here. An AMM is a swap-style market that enables users to instantly trade fractions for SOL. This type of market provides for an intuitive and familiar user experience. However, the initializer and liquidity providers must provide liquidity for both the fractions and SOL, which all initializers may not be able to afford.

Orderbook

Bridgesplit's Orderbook is powered by Serum and enables anyone to place orders to sell or buy fractions at the price of their choice. Read more about how Serum's orderbook works. This type of market creates a more complex user experience but is better suited for low liquidity markets. In AMMs for low liquidity markets, small trades may create a large impact on the price, but in Orderbook style markets buyers and sellers can determine the price they are willing to accept. However, selling and buying fractions is not instant and some orders may not be filled.
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Outline
AMM
Orderbook