$NEC Economic Use

Using $NEC to Accelerate the Release of Staked Income

Users can unstake their $OPEN principal at any time, and either sell it or stake it again. The income from staking will be gradually released, with the release speed determined by the user's contribution value of $NEC. If the user wants to increase the release speed, they can destroy a corresponding amount of $NEC, which will be recycled to the DAO contract. The amount of $NEC required for different release speeds is shown in the table below:

For example, if the release rate is 150 days (level 2), destroying $NEC worth 3% of the staked $OPEN can increase the release rate to 120 days.

Using $NEC to Boost APR of Staking Income

The $NEC token can be used to increase the annualized rate of return on the single currency staking income of OPEN.

By using $NEC valued at 5% of the staked amount, the yield can be increased to a medium level, while using $NEC valued at 30% of the staked amount can increase the income to the highest rate of return.

Overall, $NEC serves as an important tool for users to customize their staking experience and optimize their returns. By using $NEC to accelerate the release of staked income or boost the APR of staking income, users can tailor their investment strategy to their individual needs and goals.