Governance
Participate in Nusa's governance program and earn incentives for your contribution.
Nusa Governance Program is a decentralized mechanism in which stakeholders can participate in making decisions regarding the operation, evolution, and maintenance of the protocols. This program allows you to influence the development and direction of the project. Features established to support this program include veToken and Voting features.
veToken
veToken is the Governance token that grants holders the right to participate in the governance and decision-making processes. The Governance token used in the Nusa Governance Program is called veNUSA.
veNUSA serves the following functionalities:
Voting Rights: veNUSA holders can vote on or make submissions of proposals related to the platform. These proposals can include protocol upgrades, parameter changes, funding allocation, or other significant decisions that impact the platform.
Governance Participation: veNUSA holders can actively participate in discussions to voice their opinions, make suggestions, and contribute to decision-making processes.
Reward Distribution: To earn veNUSA, holders should lock their NUSA for a period of time and will be rewarded for their commitment to long-term support for the project. The reward offered for holders will be 60% shares of Nusa protocol revenue.
How to Earn veToken
Participants should lock NUSA in the Governance feature to receive veNUSA. The amount of veNUSA a participant has will represent the influence of their vote, the right for them to submit new proposals, and the portion of profit sharing they will receive. veNUSA amount will gradually decrease until the period of lock finishes. Only until veNUSA amount becomes zero that the locked NUSA token be able to be withdrawn.
To learn more about veNUSA calculation, click here.
Reward Distribution
Every month 60% of the protocol's revenue will be allocated to Governance Program participants. The reward will be divided into 4 weeks of distribution.
For example, in a month, 60% of Nusa's protocol revenue is $10,000. This means that $2,500 will be distributed each week for 4 weeks.
Keep in mind that the amount of veNUSA will represent how much participants can earn from the profit sharing. Since the amount of veNUSA will decrease over time, the portion of reward received will follow.
Disclaimer: Crypto is high-risk investment. Please do your own research and make sure you understand how to use the platform before taking further action.
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