NLS Structure, Utility & Accrual


The Nolus Blockchain exemplifies the strength of collaboration within an open ecosystem. A dedicated network of validators, contributors, and infrastructure providers forms the backbone of the platform. Central to its operation is the NLS token, which plays a key role in facilitating essential functions and driving utility and governance within the Nolus network



The NLS token boasts a robust utility, powering four essential functions that underpin the Nolus network


Transaction and Network Fees

NLS takes on the role of a versatile medium, facilitating the seamless flow of transaction fees and other network-related charges from users to the validators who diligently maintain the network's integrity


Governance Participation

NLS token holders wield influence through active participation in the protocol's governance. By staking NLS, holders can cast their votes on pivotal proposals. These proposals encompass a broad spectrum, from refining parameters to implementing cutting-edge protocol upgrades


Incentivizing Decentralization

The decentralized Proof-of-Stake consensus mechanism is the bedrock of the Nolus network. NLS token is pivotal in incentivizing this decentralization, reinforcing security and transaction validation. Validators, as guardians of network integrity, are rewarded with NLS tokens that align with predefined network parameters


Rewarding Ecosystem Contributors

A flourishing ecosystem hinges upon the efforts of its participants. NLS tokens serve as a conduit to acknowledge and reward those contributing to the network's growth and enhancement


Value Accrual

The Nolus ecosystem actively fosters value growth through innovative mechanisms:       

Adjusted DeFi Lease Interest (Upcoming)

Staking NLS tokens takes on an innovative dimension with the prospect of lower interest rates for borrowers leveraging DeFi Lease positions. This dynamic interest reduction is linked to the staking duration – a testament to the Nolus ecosystem's adaptability. An important note: if NLS is undelegated, the interest rate reverts to the base rate, regardless of the staking period


Lenders Tiered APR Incentive (Upcoming)

Lenders find a compelling reason to acquire and stake NLS tokens as they amplify their rewards on supplied stablecoins or tokens. With increasing protocol utilization, lenders must secure more NLS tokens to access higher Annual Percentage Rates (APRs). This mechanism fortifies the token's value, mirroring the protocol's Total Value Locked (TVL)


Lease Revenue

The lifeblood of the protocol's revenue stems from interest-bearing DeFi Lease contracts. This revenue stream serves a dual purpose – not only powering the ecosystem but also contributing to repurchasing NLS tokens from the open market. These acquired tokens are subsequently funneled into the Nolus Incentives Pool, enabling the distribution of rewards to lenders.


Structure & Allocation


15% of the total supply serves as staking rewards to incentivize validators and delegators on the blockchain. At the end of the first month of operations, 2.5% of all tokens in the staking pool will be distributed. The monthly percentage of tokens released thereafter will decrease by 0.05 p.p. per month compared to the previous month until the end of year one. In the following years, the tokens released will decrease monthly by 0.04 p.p. in year two, 0.03 p.p. in year three, 0.02 p.p. in year four, and 0.015 p.p. in years five to seven, 0.0125 p.p. in year eight and remain constant until the end of year ten



NLS Availability

The NLS token is available across several centralized and decentralized exchanges such as Osmosis DEX, Astroport on Neutron, Uniswap on Ethereum, MEXC, XT, and Digifinex, broadening its accessibility and offering more opportunities for users to engage with the Nolus ecosystem

Additionally, in the table below you can find the representations of NLS on networks where NLS is available

Chain Denom/Contract Address Bridge
Nolus unls N/A (Native Asset)
Osmosis ibc/D9AFCECDD361D38302AA66EB3BAC23B95234832C51D12489DC451FA2B7C72782 IBC
Neutron ibc/6C9E6701AC217C0FC7D74B0F7A6265B9B4E3C3CDA6E80AADE5F950A8F52F9972 IBC
Ethereum 0xb34e17562e4f1f63a2d4cf684ed8bc124e519771 Axelar