Unlocking New Opportunities for Conflux eSpace
On Jan 31, 2023 at 21:00 (GMT+8) / 08:00 ET Nucleon’s mainnet was launched, officially unlocking liquidity for staked assets on Conflux. CFX holders can now take advantage of liquid staking on Conflux eSpace and, with the start of our fair launch, can now start to earn $NUT by adding liquidity into the CFX/xCFX LP pools on Swappi.
Nucleon, a liquid staking protocol on Conflux eSpace, is opening up new possibilities for Conflux users. Nucleon allows users to stake CFX like any validator pool. In exchange for CFX, Nucleon gives users xCFX which can then be used on other protocols. All while still earning CFX staking rewards.
Introducing xCFX
Users who stake CFX with Nucleon will receive xCFX. xCFX is a derivative token that represents your CFX that is locked in Nucleon’s validator pool plus accumulating staking rewards. xCFX can then be used like any other token in other protocols. This has two main benefits for users:
- Users will be able to take advantage of using other protocols to leverage potential returns above the normal staking pool reward.
- The minimum requirement to stake is 1 CFX. This is significantly lower than the 1,000 CFX required in any other staking pool. We believe this will open staking opportunities for users who do not want to lock up their CFX or who simply do not have the normal minimum required amount.
Introducing NUT
NUT is Nucleon’s governance token, which can be staked to vote and boost staking interest rewards. NUT token allocations are defined by the project team, and will be featured in an IDO on Swappi in the very near future.
Nucleon Features
Nucleon is a very simple protocol to use with intuitive features:
- Stake and unstake CFX
- Users can create LP tokens through Swappi which can then be staked on Nucleon for NUT tokens.
- Stake and unstake xCFX/CFX LP tokens
- Stake NUT/CFX LP tokens for additional NUT rewards
Supported Wallets
MetaMask and Fluent will both be supported as of launch. For more details on how to connect your wallet to the site. Check our Documents page for an up-to-date section on supported wallets.
Bridging Your tokens to eSpace
Users can bridge their CFX tokens from other blockchains to eSpace in order to stake in Nucleon. We have a detailed section of various methods in our Documentation page which you can access here.
Step-by-Step Guide on How to Use the Protocol
In a previous article we published about our Testnet campaign, we have a fully detailed guide walking users step by step through Nucleon’s various features. Users can access that article here.
Nucleon Tokenomics
Ticker: $NUT
Chain: Conflux eSpace (ERC-20)
$NUT has a total supply of 300,000 that will be released over a 4-year period with the following allocations:
- Team: 10% distributed over 4 years
- Marketing: 10% distributed over 4 years
- Treasury: 20% going towards the DAO’s treasury with 1% of the treasury going towards the IDO on Swappi.
- LP: 60% distributed over 4 years starting at Nucleon’s Fair Launch to xCFX/CFX LPs. Other LP pools will be rolled out shortly after IDO.
Fair Launch
To provide equity and transparency, our Mainnet launch will be the Fair Launch method. User will be able to stake CFX, and earn $NUT by providing liquidity into the CFX/xCFX LP pools on Swappi on Jan 31st, 2023.
Users can start to vest/claim their $NUT token around 10 days after the start of Nucleon’s Fair Launch with the exact day and time to be announced in our official channels. During this time, there will be no $NUT in circulation until the Fair Launch has ended.
Audit Report
Nucleon takes the security of the protocol very seriously. As such, Nucleon has had its smart contract code audited by Hacken, a leading smart contract auditor. The report can be found here.
Join the Community
We invite you to join our Twitter and Telegram communities to stay up to date on the latest information and discuss Nucleon with others. We are open to new suggestions from the community to help grow the protocol and Conflux eSpace ecosystem.
