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Nectar
About Nectar
Nectar (NEC) is a digital asset initially developed by Ethfinex to enhance liquidity on its platform. With Ethfinex's evolution into DeversiFi, a self-custodial exchange, NEC adapted to a new token economics model, NEC 2.0, aimed at supporting DeversiFi's decentralised community governance. NEC serves as a governance token within the DeversiFi ecosystem, allowing its holders to participate in community decisions and entitling them to a share of the fees collected on the Ethfinex platform. This reflects its role in facilitating platform liquidity and governance. The transition from Ethfinex to DeversiFi expanded NEC's utility to support the decentralised operation and governance of the exchange.
Nectar (NEC) is a digital asset that was initially developed by Ethfinex, a platform focused on the decentralised exchange of cryptocurrencies and the development of blockchain technology. Ethfinex introduced the Nectar token to enhance liquidity on its platform. Following the evolution of Ethfinex into DeversiFi, a self-custodial exchange, Nectar adapted to a new token economics model, NEC 2.0, aimed at supporting DeversiFi's decentralized community governance.
NEC serves as a governance token within the DeversiFi ecosystem, allowing its holders to participate in community decisions. It also entitles holders to a share of the fees collected on the Ethfinex platform, reflecting its role in facilitating platform liquidity and governance. With the transition of Ethfinex to DeversiFi, the utility of NEC expanded to encompass support for the decentralised operation and governance of the exchange.