The new marketplace will allow players to trade less liquid assets through order books that limit slippage and price impact.
What does the DFK Bazaar have in store
DeFi Kingdoms, a cross-chain fantasy RPG, has introduced The Bazaar, a new platform that allows players to trade in-game assets with an order book.
To provide a smooth and flawless experience, the new marketplace will first launch in Crystalvale on the DFK chain, followed by Serendale in Clayton in the coming weeks. An order book will be in place to limit slippage and price impact, making it easier for players to trade low-liquidity items at their desired price point.
Players can submit buy/sell orders for ERC-20 or ERC-1155 tokens at a price of their choice. Prices are filled as they become available or placed in an order book for later fulfillment. You can also place market orders for commodities and trade at the best available prices, or place limit orders by setting the price you want to buy or sell.
Please note that all buying and selling in the Bazaar are done using JEWEL in both Crystalvale and Serendale. This makes it easier when comparing prices between realms.
Both buy and sell orders are subject to JEWEL’s 1.5% commission. Once a buy order is placed, fees are held in escrow until the order is filled, canceled, or refunded. If the sell order is executed, the commission will be deducted from the amount sent to the seller.
these fees can be reduced by allocating 500 or 5000 c/sJEWEL and activating the 2-tier Master Merchant Power-up, which will reduce your trading fees by 0.1% to 0.5.
- Tier 1: 500 c/sJEWEL — 0.1% discount on fees
- Tier 2: 5000 c/sJEWEL — 0.5% discount on fees
All collected fees are distributed to the community and developers for further development of the game. 5% of it will be burned, 15% will go to his JEWEL staker, 30% to Realm’s Quest Fund, and 50% to the Development Fund. See the official post for more details.
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