Token Utility

The $NBLA token is the core of Nebula’s ecosystem, driving user engagement and enhancing the platform's decentralized features. Below are the key utilities of the $NBLA token:

1. Governance Participation and Revenue Sharing

Stake $NBLA to Participate in Governance: Staking $NBLA allows users to actively participate in Nebula's decentralized governance process. Stakers gain the ability to vote on key decisions affecting the protocol, including:

• Adjusting fee ratios for certain pools.

• Supporting new chains and assets as collateral.

• Other governance-related proposals and updates.

Earn Revenue from the Treasury: By staking $NBLA, users are also eligible to receive a share of the protocol’s revenue, which is distributed from the Treasury. This revenue-sharing model rewards active governance participants.

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2. Collateral Utility

Use $NBLA as Collateral: $NBLA tokens can be used as collateral within the Nebula lending protocol, allowing users to borrow assets against their staked $NBLA. This integration increases the token’s utility across the platform.

Lower Minimum Collateral Ratio with More $NBLA Staked: The minimum collateral ratio required for borrowing is dynamically tied to the amount of $NEB staked. The more $NBLA tokens a user stakes, the lower the minimum collateral ratio, allowing for more favorable borrowing terms.

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3. Interest Payment Discounts

Pay Interest Using $NBLA: Borrowers have the option to pay interest on their loans using $NBLA tokens. Choosing to pay with $NBLA results in a discount on the interest rate, providing users with a cost-saving benefit and encouraging the circulation of the native token within the ecosystem.

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4. Access to Yield Tranching, High-APR Pools, and Social Lending Features(Upcoming)

Stake $NBLA to Access Unique Feature Certain yield tranching pools or high-APR pools are only available to users who have staked a minimum amount of $NBLA. By staking $NBLA, users can qualify for these exclusive opportunities, allowing them to maximize their returns. In addition to high-yield pools, $NBLA holders will gain access to social lending features.