# What is Snippool ?

Snippool is an CLMM (Concentrated Liquidity Market Maker) protocol for NFTs based on a Sudoswap and Collection fork. Users buy from or sell into NFT liquidity pools instead of directly trading between each other. Snippool is familiar to an Uniswap V3 pool, but for NFTs. Another feature is the distribution of erc20 tokens via the NFT liquidity pools, so called vaults, which enable the incentivization of further liquidity in the form of NFT liquidity mining. 

## How Does Snippool Work?

Here's how it works:

1. Liquidity providers deposit NFTs and/or SMR (or another available ERC20 token) into liquidity pools. They choose whether they would like to buy or sell NFTs (or both) and specify a starting price and bonding curve parameters.
2. Users can then buy NFTs from or sell NFTs into these pools. Every time an item is bought or sold, the price to buy or sell another item changes for the pool based on its bonding curve.
3. At any time, liquidity providers can change the parameters of their pool or withdraw assets.


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