Nerve - an automated market maker (AMM), specifically designed to trade stablecoins and pegged assets on the Binance smart chain. The first Nerve pool launches with a basket of dollar pegged stablecoins, consisting of BUSD, USDT and USDC.
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How to work for Nerve?
The first step to using nerve - connecting to the Binance Smart Chain (BSC). Nerve currently supports Metamask and the official Binance Chain wallet.
The original emissions schedule began minting 50 tokens per block, decreasing 33% each week until the third week. Starting March 22, 2021, rewards will decrease by 10% every week. How does it work:
| Block | NRV awards are distributed each block. |
| Model | The winnings are calculated, according to the SushiSwap model. |
In line with the long-term vision, 1/3 of the NRV rewards will be awarded upfront and 2/3 will be unlocked after 6 months. Also under the SushiSwap model, 10% of all emissions will be reserved for the community treasury to fund future development. As the community develops, this emission schedule and total supply may be modified through decentralized governance voting. Initial liquidity is in the amount of US $ 0.2. Nerve core developers and investors have a 6 month linear lockout.
Additional information
The roadmap states that the next project goal - a complete website redesign, a new landing page and the ability to display more than 1 pool. The cost of NRV depends on the protocol's control capabilities, as well as cash flows to token holders through protocol fees and revenue.
Nеrve Finance will be more than just an exchange. Follow the roadmap and chats for the next plans. For more information follow the links:
Smart contract audit is available here.