NRS
Nereus Token
$0.08289
0.32%
Nereus Token
NRS
$0.08289
0.32%
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Nereus Token Information
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About Nereus Token
Nereus is a platform built around a vote-escrow staking model where users lock NRS to receive veNRS, a non-transferable token that reflects the size and remaining duration of a lock. veNRS is used to weight rewards and voting power under a quadratic governance model. The system uses weekly epochs to track positions and distribute rewards linked to a share of platform transaction fee revenue. Rewards can be issued as non-transferable esNRS, which can be used to gain veNRS or vested into NRS over time, with an optional early exit penalty. The staking design includes an APR cap mechanism.
Nereus is a platform that uses a vote-escrow staking model. Users can lock NRS to receive veNRS, a non-transferable voting and reward-weight token that represents a user’s locked position over a chosen time period. The system uses weekly epochs to account for staking positions, rewards and governance activity. It also includes a quadratic voting model for governance decisions, where voting power is derived from veNRS.
NRS is used to take part in the platform’s staking, rewards and governance mechanisms.
- Locking and veNRS minting: Users lock NRS for a chosen duration (from 1 up to 104 weeks) to receive veNRS. veNRS is calculated from the amount locked and the remaining lock duration.
- Adjusting positions: Users can add more NRS to an existing lock or extend the lock duration. In both cases, veNRS is recalculated based on the updated position and remaining time.
- Reward participation: Rewards are distributed proportionally to veNRS holdings within the reward accounting periods. The model links rewards to platform fee revenue, allocating a share of collected transaction fees to veNRS holders.
- Escrowed rewards and vesting: Staking rewards can be issued as esNRS, which is non-transferable. esNRS can be used for staking to gain veNRS or placed into vesting to convert into NRS over time.
- APR cap mechanics: The staking system includes an APR cap with rules for handling situations where calculated rewards would exceed the cap.
- Early vesting exit: The vesting process can include an early exit option that applies a penalty and uses a defined calculation to determine the amount received.
- Governance: veNRS is used for governance voting with a quadratic voting approach, where voting power is based on the square root of veNRS to reduce the influence of very large positions.
