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Nerv DAO

What is Nerv DAO

Nerv DAO is an advanced implementation of the Nervos DAO, designed to deliver a more user-friendly and accessible experience for CKB holders. By leveraging the latest wallet abstraction technologies through the Common Chain Connector (CCC), Nerv DAO provides a seamless interface that integrates with various wallets. This modern tool simplifies the process of managing deposits and withdrawals in the Nervos DAO, allowing CKB holders to protect their investments while earning rewards with ease. image

What Nerv DAO Has Accomplished So Far

Currently, Nerv DAO has successfully built and deployed a platform that integrates wallet abstraction with a wide range of wallets, including MetaMask, Unisat, OKX Wallet, and passkey wallets like JoyID. This functionality allows users from different blockchain ecosystems to easily interact with the Nervos DAO, making it a versatile and accessible solution for protecting CKBytes. Nerv DAO has also ensured that its interface is user-friendly and secure, making it simpler for users to manage their DAO interactions while safeguarding their investments.

What’s Next for Nerv DAO

Looking ahead, Nerv DAO is set to introduce several new features and enhancements to further benefit the CKB community:

  • UI Optimization: Ongoing improvements to the user interface will ensure that Nerv DAO remains intuitive and accessible, even as new features are added. The goal is to provide a seamless experience for both new and experienced users.
  • NFT Credentials: Nerv DAO is exploring the integration of NFT credentials as a way to provide users with unique, verifiable identities and access rights within the platform. These NFT credentials could be used to represent user achievements, participation in specific events, or even governance rights within the DAO ecosystem. This feature aims to enhance user engagement and bring an additional layer of security and personalization to the Nerv DAO experience.
  • Expanded Wallet Compatibility: Nerv DAO will continue to expand its compatibility with more wallets across various blockchain ecosystems, ensuring that users have a broad choice of platforms to interact with the Nervos DAO.

How to Use Nerv DAO

To use Nerv DAO, follow these simple steps:

  1. Visit the Platform: Go to Nerv DAO Mainnet to access the platform.
  2. Connect Your Wallet: Nerv DAO supports multiple wallets like MetaMask, OKX Wallet, and JoyID. Simply choose your preferred wallet and connect it to Nerv DAO.
  3. Deposit CKBytes: After connecting your wallet, you can deposit CKBytes into the Nervos DAO by following the on-screen instructions. The platform will guide you through the process of locking your CKBytes in a "Nervos DAO" cell.
  4. Manage Your Deposits: Nerv DAO allows you to manage your deposits and track your rewards within the platform. You can also withdraw your CKBytes when needed by following the provided steps.
  5. Earn Rewards: Once your CKBytes are locked in the Nervos DAO, you will start earning rewards based on the amount deposited.
  6. Redeem CKBytes: If you want to stop staking and get your CKBytes back, you can Redeem your CKBytes(But a locking period will be applied to determine when exactly the tokens can be withdrew)

How does the NervDAO/NervosDAO Annual Yield Rate (APY) work?

When you deposit CKB in the NervosDAO, those funds are locked in a smart contract for at least ~1 month and will earn interest immediately.

The Annual Yield Rate (APY) automatically compounds, therefore, you do not need to withdraw and redeposit funds at the end of the month to gain compounding interest.

Since NervosDAO is not staking in the traditional sense, but acts as an inflation shelter, the earned interest is automatically compounded upon withdrawing funds.

The smart contract that locks your funds into the NervosDAO calculates the following: When you deposited the funds in the Nervos DAO. When the withdrawal request was made.

Calculate the rewards and compounding interest for the period.

How to Deploy Nerv DAO

If you are a developer and would like to deploy Nerv DAO yourself, follow these steps:

  1. Clone the Repository: Download the code for Nerv DAO from the repository.

  2. Install Dependencies: Navigate to the project directory and run the following commands to install the necessary packages:

    pnpm install

  3. Build the Project: After installing dependencies, build the project with:

    pnpm run build

  4. Run the Development Server: Finally, start the development server in development mode:

    pnpm run dev

By following these steps, you can customize and deploy your own instance of Nerv DAO, making it possible to explore and contribute to its development.

Relevant Links

If you have any feedback or suggestions for improving Nerv DAO, please share them in the issue section on our GitHub or join the CKB dev chat on Discord to connect with us.

Find us: