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Furion is a decentralized NFT liquidity protocol that fractionalizes NFTs into ERC-20 tokens (F-XToken) to address low trading efficiency and insufficient liquidity. Users can deposit NFTs into corresponding pools to mint F-XTokens, trade via FurionSwap, and provide liquidity to earn fees. It also supports lending with F-XTokens or FFT (aggregated tokens), risk-tiered collateral factors, and a veFUR governance and fee-sharing model. Its pricing oracle derives reference prices from historical transaction distributions, and liquidation prioritizes low-risk assets to reduce bad debt.