Necc
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Staking
Yield for NDOL and Necc stakers
In return for supplying collateral tokens to the Necc protocol, Necc yield tokens are distributed to NDOL stablecoin and NECC stakers.
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Below is an illustration of how the protocol can be used for farming yield after minting the stablecoin:
Alice wants to sell her tokens and get yield until she is ready to risk on again.
  • Alice sells 1 ETH at a price of 1 ETH / 2000 USD to the system.
  • Alice receives for her 1 ETH, (2000 USD - (0.3% swap fee :- 6USD) = 1994 NDOL.
  • Alice stakes her 1994 NDOL and receives variable APR in the form of nNECC yield tokens.
    • Her yield comes from other users bonding principal tokens for nNECC at a 1% bond fee rate.
  • Alice can also stake her NECC tokens for further yield instead of swapping them on secondary markets.
  • Alice can swap her 1994 NDOL for ETH or any other token inside the system when she is ready to risk on again.
  • Alice can also gain long or short leverage on any volatile token in the system with 50x leverage or use it somewhere else with integration partners.
  • Alice could also repeat the same process with her other whitelisted volatile tokens!
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Meanwhile staking NECC tokens returns nNECC tokens which rebase per 1 hour epoch backed by NDOL minted from whitelisted collaterals and LP principal tokens.
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