NevDEX is a decentralized exchange platform built on Nervos Godwoken. NDX token is the NevDEX native utility token that ensures the sustainable development of the platform.
As the much anticipated mainnet launch is coming, it’s our great pleasure to introduce the NDX tokenomics and yield-farming.
Our Staking & Farming opportunities will go LIVE on the same day as completion of the YokaiSwap IDO on March 29th.
Tokenomics
- Mining reserves — 60,000,000–60%
- Team — 20,000,000–20% (1 year fully locked locked, then linearly vested for 12 months)
- Treasury — 10,000,000–10% (Unlocked)
- IDO — 5,000,000–5% (Unlocked)
- Marketing — 3,000,000–3% (Unlocked)
- Airdrops — 2,000,000–2% (Unlocked)
Yield-farming
In the NevDEX farm, users can stake to receive NDX emissions.
Epochs and Emissions
Each farm has its own emissions schedule. Generally speaking, emissions per minute are higher when the token launches, and decrease over time. This decrease in emissions is not linear.
Emissions are governed by periods of time called Epochs. Each token starts in Epoch 1 on launch, which has the highest emission rate. With each Epoch, the rate may change or may remain consistent.
Issuance Schedule
The issuance of NDX as rewards for staking LP tokens in the farm is scheduled to change during each consecutive period of time, which we refer to as an Epoch. Each Epoch is 604800 seconds on the Godwoken, Epochs were calculated to 604800 seconds so that each Epoch would equal one week.
Allocations and Rewards
The total amount of each token emitted per minute can be determined by Epoch, but those tokens have to go somewhere! Each individual farm (representing a specific LP pair) is assigned an allocation of the total tokens minted. Based on the current Epoch, its emission rate, and the allocation for a specific farm, users can determine how many of a token will be given to that farm each second, minute, or day. From there, the pool divides those tokens among all of its investors proportional to their share of the total pools and distributes them as rewards. When making these calculations it is imperative to remember that users can enter or leave liquidity pools freely, so each user’s share is constantly in flux as liquidity is added or removed.
Locking & Unlocking Model
https://docs.nevdex.tech/products/farm/locking-and-unlocking-model
Staking Deposit and Withdrawal Fee
There are no deposit fees for staking LP tokens in the Farms. To protect against flash loans and pump and dumps, we do implement withdrawal fees for withdrawing staked LP tokens. Each withdrawal resets the fee timer. The withdrawal fees are listed below:
- 0.01% fee if a user withdraws after 4 Epochs
- 0.25% fee if a user withdraws after 2 Epochs but before 4 Epochs
- 0.5% fee if a user withdraws after 5 days but before 2 Epochs
- 1% fee if a user withdraws under 5 days. *
- 2% fee if a user withdraws under 3 days. *
- 4% fee if a user withdraws under 24 hours. *
- 8% fee if a user withdraws under 1 hour. *
- 25% slashing fee if a user withdraws during the same block.
