How to Use Sudoswap
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Sudoswap is a decentralized NFT marketplace that uses automated market maker (AMM) mechanics, allowing users to trade NFTs without relying on traditional listings or negotiations. Instead of matching buyers and sellers, Sudoswap enables instant trades through smart contract–based liquidity pools. This article is for informational purposes only and does not constitute financial advice. Readers are encouraged to Do Your Own Research (DYOR) before interacting with any decentralized NFT or DeFi platform.
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What Is Sudoswap?
Sudoswap is an Ethereum-based NFT marketplace that applies AMM concepts, commonly found in decentralized exchanges, to NFT trading. Rather than listing individual NFTs at fixed prices, users interact with pools that automatically quote buy and sell prices based on predefined rules.
Its primary role in the NFT ecosystem is to provide continuous liquidity for NFT collections, particularly those with higher trading volume, by enabling instant transactions.
How to Use Sudoswap
Using Sudoswap involves interacting directly with smart contracts. Users can:
- Buy NFTs from existing liquidity pools
- Sell NFTs directly into pools
- Create and manage their own liquidity pools
All trades are executed on-chain, meaning transactions are settled once they are confirmed on the Ethereum network. Prices are determined automatically rather than through offers or auctions.
Wallet and Network Requirements
To access Sudoswap, users must meet a few basic technical requirements:
- An Ethereum-compatible wallet, such as MetaMask or a WalletConnect-supported wallet
- Connection to the Ethereum mainnet
- Sufficient ETH to cover purchases and gas fees
Because Sudoswap operates entirely on Ethereum, gas fees are unavoidable and can fluctuate depending on network congestion.
How to Connect a Wallet to Sudoswap
Connecting a wallet is typically straightforward. Users select a wallet provider through the Sudoswap interface and approve the connection within their wallet application. Once connected, the platform can display NFT holdings and ETH balances needed for trading.
Users should always confirm they are using the correct website and review transaction prompts carefully before approving any action.
How to Buy NFTs on Sudoswap
To buy NFTs, users browse available liquidity pools for a specific NFT collection. Each pool displays a current price based on its pricing curve.
The general process includes selecting the number of NFTs to purchase, reviewing the quoted price, and confirming the transaction in the wallet. ETH is exchanged for NFTs directly from the pool once the transaction is finalized.
How to Sell NFTs on Sudoswap
Selling NFTs involves choosing a pool that accepts NFTs from the relevant collection and has enough ETH liquidity. The interface shows how much ETH the seller will receive based on the pool’s current price.
After approving the NFT transfer and confirming the transaction, the NFT is deposited into the pool, and ETH is sent to the seller.
How to Create an NFT Liquidity Pool
Users can create their own pools by depositing NFTs, ETH, or both. When creating a pool, the creator sets parameters that control pricing behavior, such as the starting price and how prices adjust after each trade.
These settings directly influence how the pool reacts to buying and selling activity, making pool creation more complex than simple buying or selling.
Fees and Costs to Consider
Several costs may apply when using Sudoswap:
- A protocol trading fee charged by the platform
- Optional pool creator fees set by individual pool owners
- Ethereum gas fees for each transaction
Understanding all applicable fees is important, as they affect the final cost or proceeds of a trade.
Sudoswap provides an alternative way to trade NFTs using AMM-based liquidity pools rather than traditional listings. While this approach enables fast, automated trading, it also requires users to understand new mechanics and risks. Anyone considering using Sudoswap should take time to research the platform, review costs carefully, and proceed with caution when interacting with decentralized NFT markets.