Nuon v2 Whitepaper
  • Abstract
  • Introduction
  • Challenge
  • Architecture
    • Overview
    • Treasury
    • Deposit Conversion
    • Refilling Buffer
    • Vaults
    • Dutch Auction
    • Cross-chain Deposits
    • Governance
    • Emergency Mode
    • Minting Caps Equilibrium
    • Backstops
  • Governance
    • Veto System
    • Proposal System
    • Vote Power Weighting
  • NUON
    • Overview
    • Rebasing
    • Staking
  • MaxCap
    • Overview
    • Token Allocation
    • Staking Distribution
    • Claiming Excess
  • Miscellaneous
    • Security Audit
    • System Transition
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  1. Architecture

Governance

Nuon’s architecture optimizes for the lowest risk and highest yield through its veto-based governance. It is flexible enough to add new strategies, bootstrapping through partnerships, and initial token distribution to tap into a de facto council of aligned experts. The governance module itself is lightweight and limited in scope.

MaxCap token holders stake their tokens to receive weighted voting rights, which is a prerequisite for earning rewards.

MaxCap stakers are able to:

  1. Veto proposed vaults, which they deem too risky

  2. Vote on which vaults should receive new USDC deposits

  3. Set the Treasury buffer amount and cap NUON minting

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Last updated 1 month ago