Tokenomics

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.