Tokenomics
Ticker: NRV
Contract Address: 0x42F6f551ae042cBe50C739158b4f0CAC0Edb9096
Chain: Binance Smart Chain (BEP-20)
Pool | Rewards per block (% of emission) |
Stablecoin 3Pool LP | 48% |
NRV/BUSD Cake-LP | 27% |
fUSDT-3Pool LP | 7% |
xNRV | 5% |
BTCB/anyBTC LP | 5% |
ETHB/anyETH LP | 5% |
UST-3Pool LP | 3% |
NRV is a BEP-20 token capped at 100,000,000 NRV.
Rewards are calculated as: (Emissions x Price x Reward weight of the pool) / Total Value Locked
NRV rewards are distributed every block (3 seconds). The initial emissions schedule began with 50 tokens minted per block on 01/03/2021, and was reduced by 33% each week, until the third week. Starting on 22/03/2021, emissions have been reduced by 10% every week.
Rewards are vested following the SushiSwap model (as of 09/03/2021), to align the long-term incentives between the protocol, its liquidity providers, and holders of the governance token. To this end, 1/3 of the NRV rewards are claimable immediately after emission, and the remaining 2/3 are emitted to a vesting token contract that will be unlocked in 6 months. The details of this unlock will be decided only after discussion with and input from the community.
Also following the SushiSwap model, 10% of all emissions are reserved for the community treasury to fund future Nerve development and expansion. The treasury will be governed by the community once the NerveDAO is established.
After the NerveDAO is established, the emission schedule, total supply and protocol utility of the NRV token can be modified via a decentralized governance vote.
Initial liquidity was provided at $0.2, seeded by $500k (250k BUSD 1.25m NRV) and time-locked.
The Nerve core developers and early investors have a six-month linear lock up (unlocked on a per-block basis). Their wallets can be seen as smart contracts when viewing NRV holders via BSC Scan.
