Non-Fungible Liquidity

Non-Fungible Liquidity refers to the latest model of opening Liquidity Positions (Example: Uniswap v3), utilizing NFT-LP tokens as receipt instead of using Fungible LP tokens, to represent the share of a Liquidity Pool. The NFT LP method also allows users to trade open positions to NFT Marketplaces or p2p and much more potential use cases. To mint a position on a token pair, both Fungible tokens of a pool will need to be provided by the minter. To claim back the fungible tokens, the NFT-LP must be burnt.