Neptune operates with a dual-token system to manage its utilities and governance:
1. NEP (ERC-20, Swellchain)
Type: Utility token of the protocol.
Distribution: Allocated to liquidity providers through emissions.
Incentives: NEP holders can lock their tokens to receive veNEP, unlocking additional rewards and governance rights.
2. veNEP (ERC-721, Swellchain)
Type: Governance token represented as an NFT (non-fungible token).
Benefits:
Share in trading fees and associated pool incentives.
Voting power to influence emission distributions and protocol governance decisions.
Participation in shaping the protocol’s future through proposal voting.
This structure aligns utility and governance to foster active participation and sustainable growth for the Neptune protocol.
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