Nexus Protocol Litepaper

Litepaper Contents

  1. Executive Summary
  2. Intro to Nexus Protocol
  3. bLuna Vault
  4. UST Vault
  5. EthNexus
  6. Token Economics ($Psi)
  7. Token Distribution($Psi)
  8. Strategy Bounty Program
  9. The Future

1. Executive Summary

2. Intro to Nexus Protocol

3. Nexus Anchor Vaults

Visual Overview of Planned Upgrades to Anchor Vaults

Optimal Mode: Front-running Anchor Protocol’s Price Oracle

Safe Mode: In case of Nexus Price Oracle fails

Emergency Mode: In case of Anchor Price Oracle failure

Other fail-safe measures

V1 Capital Flow

4. UST Vault

  1. Positioning based on the highest weighted APRs

5. EthNexus

  1. bETH must provide significantly higher returns than alternative staking options for ETH native users.
  2. There needs to be a simple & easy to use platform for ethereum native Eth holders to use.
  3. ETH holders need to know about bETH & be convinced that it’s a better alternative.
Simplified Overview of EthNexus
Comparison between ETH/stETH yield strategies vs EthNexus After Protocol fee applied | Percentages Calculated at Time of Writing (1st Sep 2021)
EthNexus process across the deposit, yield, and withdrawal activities between the Ethereum and Terra blockchains.
Above— Process comparison between EthNexus and manual process

6. Token Economics ($Psi)

Value accrual mechanisms for $Psi token

7. Token Distribution ($Psi)

$Psi distribution breakdown

8. Strategy Bounty Program

9. The Future

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Nexus Protocol

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