YouPort Flow Diagram
Understanding the Delivery Pass ecosystem: from vehicle inventory to instant liquidity
Delivery Pass System (50% of Vehicle FOB Price)
1. Dealer Issues Delivery Pass
Dealer holds vehicle inventory (FOB: ¥1,080,000) but needs immediate cash flow for operations
2. Issue Delivery Pass (50% of FOB Price)
Create NFT representing vehicle export rights, priced at 50% of vehicle FOB value
3. Vault Buy Offers
Multiple vaults compete with buy offers, providing instant liquidity to dealers
4. Vault Purchases Pass
Dealer receives immediate cash, vault owns the delivery pass NFT
5. Secondary Trading
Vaults and buyers trade delivery passes on marketplace with 0.5% trading fee
6. Final Redemption
Final buyer pays remaining 50% and receives the actual vehicle
Price Structure
- • Vehicle Base Price: ¥1,000,000
- • FOB Price: Vehicle + Export prep (¥1,080,000)
- • Delivery Pass Price: 50% of FOB price (¥540,000)
- • Remaining Payment: 50% of FOB at redemption (¥540,000)
- • Shipping Costs: Separate actual costs (~¥80,000)
Why 50% of Vehicle Price?
The 50% price point balances dealer liquidity needs with buyer commitment, creating optimal market dynamics for the trade finance ecosystem.
No DMM Privileges
All vaults compete fairly without preferential latency or pricing advantages, following Hyperliquid model.
Fee Distribution
0.5% trading fees are distributed equally to all vault LPs, ensuring aligned incentives.
Individual Assets
Each vehicle is a unique NFT identified by VIN number - no fungible token pools.