Abstract
Nebula Finance is a protocol designed to bring liquid staking to the Dymension ecosystem. As a native Dymension RollApp, Nebula Finance aims to enhance the utility and liquidity of staked DYM tokens by providing a seamless and flexible liquid staking solution.
The project will be deployed and operated as a RollApp, ensuring broad accessibility, flexibility, and integration within the Dymension ecosystem.
Nebula Finance Explained
Upon launch, Nebula Finance will focus on providing users with additional use cases and flexibility for their staked DYM tokens. This will unlock new opportunities within the Dymension DeFi ecosystem, allowing users to be flexible with nDYM and utilize their staked DYM with nDYM through future use cases such as:
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Incentivized AMM Liquidity on Dymension Portal: Establishing nDYM/DYM liquidity pools to enhance trading options and liquidity.
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Lending/Borrowing: Enabling users to lend and borrow against their nDYM tokens, providing additional financial flexibility.
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Staking Derivatives: Developing staking derivatives to offer users more sophisticated financial instruments and options.
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DeFi Ecosystem: Promoting nDYM as collateral or as liquidity across the DeFi money market space.
Phases of Development
Phase 1: Incentivized Testnet
Community members can join the Nebula Testnet now. Details are available in this tweet:[ x.com]
Phase 2: Mainnet Launch, NBL Token RollDrop & Points Season
Liquid Staking Process (Mainnet):
- Stake DYM Tokens: Users stake their DYM tokens through Nebula Finance.
- Receive nDYM Tokens: In return, users receive nDYM tokens that represent their staked DYM.
- Earn Rewards: The staked DYM tokens earn staking rewards, which are reflected in the nDYM tokens.
- Maintain Liquidity: Users can trade or use their nDYM tokens within the DeFi ecosystem.
Nebula Finance Token
NBL will be the native RollApp token of Nebula Finance. A specific percentage of the total supply will be distributed to nDYM holders and existing DYM stakers as a token of gratitude towards the community. There will also be a points system to incentivize community participation in NBL token distribution. More details on the NBL RollDrop will be announced.
Planned Future Use Cases for NBL Token:
- RollApp revenue share
- Paying gas fees
- Governance participation
- DeFi integrations
- AMM utility through veTokenomics
Nebula Finance is committed to fostering a collaborative environment for growth and innovation within the Dymension ecosystem, driven by a decentralized and community-focused governance model.
NBL Tokenomics
| Category | Description | % | Schedule | Key Points |
|---|---|---|---|---|
| RollDrop Season 1 | Nebula RollDrop | 5 | Fully Unlocked | For Tesnet users and existing DYM Stakers |
| RollDrop Season 2 | Nebula RollDrop | 10 | Fully Unlocked | For mainnet nDYM holders |
| LP Incentives, Listings, MM | 22 | 5% TGE release followed by 18 months linear vesting | ||
| Investors | Fundraise | 10 | 5% TGE release followed by 4 months of locked staking and 24 months linear vesting | |
| Ecosystem fund / Community pool | 10 | 8% TGE release followed by 12 months linear vesting | ||
| Advisors | 3 | 2.5% TGE release followed by 4 months of locked staking and 24 months linear vesting | ||
| Nebula Foundation | 20 | 5% TGE release followed by 18 months linear vesting | Potential future hirings, future community raise, ecosystem grants for developers who utilizes Nebula Liquid Staking architecture. | |
| Team | 20 | 5% TGE release followed by 4 months of locked staking and 24 months linear vesting |
Points Season
The Points Program will launch alongside the mainnet. This program is designed to help the Nebula team measure and understand user contributions to the protocol.
Participants in the Points Program will be rewarded with Nebula’s native token following the initial RollDrop when Nebula Finance goes live on mainnet.
How to Get Involved
To stay updated on Nebula’s partnerships, mainnet launch timing, RollDrop, Points Season, and token details, follow us on X. This will ensure you receive the latest information and opportunities to participate in the Points Program.
Team
Nebula Finance is supported by a team with a unique blend of expertise in traditional finance (TradFi) and decentralized finance (DeFi). The team members have deep technical knowledge from various DeFi protocols, ensuring a robust and innovative approach to building and advancing Nebula Finance.
Twitter: x.com
Website: https://nebulafi.xyz/