Governance

Nuon’s architecture optimizes for the lowest risk, 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.

nuMint governance token holders escrow their tokens in a vote-escrow (ve) system, which is a prerequisite for earning rewards.

veMint is earned over time for escrowing nuMint. veMint holders are able to:

1. Veto proposed vaults which are too risky

2. Vote on which vaults should receive new USDC deposits

3. Set the Treasury buffer amount and cap minting