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

Utility

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