What is Collection? is an NFT decentralized exchange (DEX) protocol, allowing users to set a bonding curve on pools that can filter by traits, rarity and other attributes.
Liquidity providers can now create pools that automatically buy and sell NFTs based on any logic or strategy, whether through premium traits, socially curated lists, or other metadata. This is in contrast to the current automated market-making model, where all NFTs are sold at the floor with no differentiation, regardless of their traits.
The protocol is designed to be composable. This means that the other DeFi and NFT protocols can easily build on Collection.