How Do DEXs Facilitate the Trading of Non-Fungible Tokens Representing Unique Debt Positions? ▴ Learn

How Do DEXs Facilitate the Trading of Non-Fungible Tokens Representing Unique Debt Positions?

Trading NFTs that represent unique debt positions (e.g. a specific loan) typically requires a specialized marketplace or an order book model, rather than an AMM. Buyers and sellers must agree on a unique price for that specific asset, often factoring in the loan's terms, collateral, and counterparty risk.

The ERC-721 standard enables this unique asset identification and transfer.

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