Token Staking
Token Staking, or denoted as veNOVA for vested NVXC token, is the cornerstone of NOVA protocol's sustainable growth through long-term stake holder involvement
Staking Model
The maximum staking time for NVXC is 1 year.
Users can lock and stake NVXC for NVXC. The value of NVXC will decay over time as stake time remaining reduces.
User has the option to unstake early at a penalty. The penalty is directed to part of the governance reward
Active Governance Participation Incentives
Governance Reward are rewards that encourage active governance process participation. veNVXC holders with active recent governance participation history are rewarded with Governance Reward
Active Participation History Period: 90 days
Governance Reward Composition:
Unstake Penalty
100%
Protocol Epoch Revenue
20%
The following table is the summary of the governance protocol
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