MASK-NFTX Hashmasks IndexDetailed Description

MASK-NFTX Hashmasks Index Detailed Description

The NFTX protocol allows anyone to create and invest in index funds backed 1:1 by NFT tokens. The NFTX protocol brings together the DeFi and NFT communities, enabling NFTs to serve as collateral for use cases such as AMM liquidity provisioning, yield farming, and lending. Through the NFTX Hashmasks Index Fund, users can provide one or more Hashmask assets as collateral and receive $MASK (index fund token). $MASK is used to track the ETH floor price of all Hashmask assets in the index fund.