Nereus Finance Updates — NXUSD, NFT, & Updated WXT Reward Point Allocation
NXUSD Update & NXUSD Earn Module
It’s been a great couple weeks for NXUSD — we saw the launch of NXUSD natively by our strategic partner Wirex in the Wirex App — opening the opportunity for over 5M users to spend NXUSD at over 80M merchants. NXUSD is the first crypto native asset to help unlock historically locked liquidity and be spendable immediately at over 80M merchants.
Wirex also launched the NXUSD x-account — offering users up to 20% APR on NXUSD. Be sure to check out Wirex App for more details.
As an update, the Nereus team is in the final testing stages of the NXUSD Earn module. This earn module will allow users to deposit NXUSD, lock WXT and earn up to 20% APR on their NXUSD deposits.
We will release a much more in depth overview of the NXUSD Earn Module. But here’s a quick preview:
Wen NFT?
We are hard at work on building our NFT roadmap and launch strategy. From a technical and smart contract perspective we have completed work. However, as the market conditions continue to evolve we are working to ensure we have a strong go-to-market strategy. Rumor has it we may even see a Shape Shifter appear at NFT NYC next week.
https://nereus.finance/nereus-shapeshifters-nft
WXT Incentive Reallocation
Given current market dynamics, it is in the best interest of the protocol to update the WXT allocation points.
Given deposits value — and current liquidity of different markets we’ve updated a number of pool incentives, including increasing the allocation to deposited WXT. After this update the current WXT Deposit APR = ~99%
Updated allocation points will be as indicated below:
