Nereus Finance starts Phase 4!
Nereus Finance started almost one year ago at 23.February.2022. We begin with 5 Billion WXT tokens. That is 50% of the max $WXT supply we share with our partner Wirex.
Nereus Finance rewards 975M $WXT tokens to depositors and borrowers in the first three phases, and early adopters probably are more than happy with it. Now we are getting to phase 4 in Nereus Finance development. In this new phase, the emission of WXT will be 520.000 WXT per week, and allocation will also be different from the first three phases.
Last year was very intense in different ways, as we all know what happens in the crypto world, but we hold it as a haven for Nereus investors.
Also, we did many things, like introducing an NXUSD stablecoin in a short time.
We start on Avalanche, expand to Polygon, and the next move is to expand to the Ethereum blockchain.
We had the best rewards for Lending and Borrowing! In Nereus, you were earning even if you borrowed funds.
Phase 4 will bring the most significant change in WXT rewards in Nereus Finance’s short history. We generously reward early adopters in every aspect of Nereus, from lending, borrowing, locking, staking, and LP tokens.
In phase 4, we will focus our rewards on LP tokens in the NXUSD-3CRV pool. This pool is essential for the stability of NXUSD and NXUSD markets.
We decided that rewards in phase 4 are not enough for NXUSD-3CRV; that’s why we chose to introduce NXUSD-3CRV Staking v2 to keep rewards for this staking on the same or even higher level as they were in phase 3.
We are finishing the work on the staking v2 and expect to introduce it in about three weeks.
Moreover, we will grant double bonuses for some promo period after the launch of v2 staking, meaning that double the amount of WXT will be allocated for rewards in that period.
In the meantime, we encourage you to stake NXUSD and receive 20% APY in the Nereus Finance protocol.
In the next few months, you can see Nereus Finance’s new user interface, new partnerships, expansion to the Ethereum blockchain, and much more. For always an interesting conversation, please feel free to join our discord.
