Vote for Neutrino updates
On this page, you can influence decisions concerning the Neutrino protocol. The community is welcome to vote for issuing new Neutrino assets or updating protocol features and parameters. On-chain governance is carried out with the NSBT token.
Vote #6: DeFo fee change & redistributionCurrently, the total fee size (excluding the transaction fee) for any swap operation on DeFo is 0.25%, from which 0.2% is the liquidity provider fee that is paid to pool makers and 0.05% is the primary collateral fee that remains in a contract as primary asset collateral to ensure the asset’s stability.
The proposal is to increase the liquidity provider fee and redistribute it between pool makers and NSBT stakers in a 1:1 proportion. The primary collateral fee of 0.05% will remain untouched and still be used for providing additional collateral.
If the proposal is activated, NSBT stakers will be paid with DeFo swap fees additionally to the USDN swap fees and pool makers will receive higher rewards for each swap. However, the cost of each swap operation with Neutrino stable assets will increase, as well. If the proposal is rejected, the current DeFo fee size and distribution will remain unchanged.Voting starts at height and ends at height , which is expected to be approximately days.
Already have an account?
2. Buy NSBT. You need them to vote (1 NSBT = 1 vote)
3. Enter amount of NSBT you want to vote with
4. Wait until voting ends
Your NSBT will be unlocked in Infinity blocks (~ Infinity w, NaN d, NaN h, NaN m)
What is NSBT?
Neutrino Token or NSBT (stands for Neutrino System Base Token) is a recapitalization and governance token for the Neutrino system. As a recapitalization token, NSBT ensures the stability of collateral reserves in Neutrino’s smart contract. New NSBTs are issued for locking WAVES in a smart contract, which serves as additional backing and insures the system against deficit. As a governance token, NSBT enables voting for issuing new Neutrino assets and updating protocol features and parameters.
How does the voting process work?
The voting procedure is carried out with the NSBT token, where 1 NSBT equals 1 vote. The more NSBT you use, the bigger the weight of the vote. There are no limitations on minimum and maximum amounts of NSBT tokens used for voting. Once you’ve made your choice, your NSBT tokens will be transferred to a smart contract and stay there until the vote is over. Participation in the voting procedure is not subject to any fees.
Can I retrieve my NSBT before the vote is completed?
Yes, you can do so by clicking the button "Withdraw your vote".