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NEP Staking

Staking V1

This will be the first implementation of NEP staking. Once a NEP holder locks their tokens in the staking contract and begins voting on proposals, they become a Governor. Staking V1 will have the following key characteristics:
    Longer staking lockups result in higher staking returns (in NEP) and voting weights
    Staking NEP does not expose the staker to loss in the event of a sbAsset losing its peg
    Stakers will need to manually migrate over to the V2 contract when it goes live
NEP Governors will be able to stake their tokens and participate in on-chain signaling via snapshot with staked their NEP. Stakers can lock up their tokens for a period of time that ranges from 1 week from lockup to the end of June 2021.

Re-collateralization

Re-collateralization would protect NEPRIM assets in the event of a sbAsset losing its peg.

NEPRIM on IPFS via ENS

NEPRIM app and Governance app available on IPFS via ENS
Part of decentralising NEPRIM means creating ways to access the app on decentralised infrastructure.
The NEPRIM app and Governance app will soon both be available via IPFS and ENS, providing wide availability without relying on centralised infrastructure. All NEPRIM web products will be fully open- source and when made available on IPFS, it will be even easier for anyone to host them.

Public Rewards

dApps, exchanges, and users that integrate or deposit NEPRIM assets can be eligible to earn NEP.
Part of what makes DeFi so powerful is its composability. In DeFi, lending services, derivatives markets, and exchange functionality can be mixed and matched with tokenised assets to create novel systems and applications. We support the growth of the DeFi ecosystem as a whole and want to reward applications and users for contributing to this growth.
NEP can be rewarded to:
    users that ‘lock-up’ their niASSETs in utility generating DeFi services, such as liquidity pools.
    applications that integrate the NEPRIM SDK or NEPRIM assets.

Secure Asset Fund for Members (SAFM)

SAFM, the Secure Asset Fund for Members is an emergency insurance fund. To protect the future interests of all users, NEPRIM will create a Secure Asset Fund for Members (SAFM). We will allocate 10% of all trading fees received into SAFM to offer protection to our members and their funds in extreme cases. This fund will be stored in a separate cold wallet.
Last modified 8mo ago