Nectar Tokenomics

The NEC token claims all revenues earned by the protocol. Each week, revenues are calculated and then removed from the perpetual exchange. They are then aggregated and distributed to veNEC token holders.

Nectar charges a flat 30% fee on all Hedge and Basis net revenues. Triple Long tokens pay a 1% annualized fee.

Locking

All revenues are distributed as USDC to veNEC lockers. Nectar's ve-system is based on Curve's model and employs additional features and upgrades.

How Locking Works

• Users receive lock weight by locking NEC for up to a maximum of 52 weeks.

• Users may have multiple locks of varying duration and can extend each one individually.

Emissions

NEC is distributed proportionally between Nectar products based on their repsective TVL, calculated on a rolling weekly time weight. Users begin to earn NEC tokens immediately upon entering a strategy. NEC yields are locked for a four week period as veNEC and can be claimed at the end of the vesting period.