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What is Nervos DAO?

Nervos DAO is a smart contract, with which users can interact the same way as any smart contract on CKB.

The Nervos DAO allows users to lock CKBytes (that are not being used) and receive rewards from secondary issuance. To check out the Nervos DAO on-chain info, you can reference the CKB explorer.

The token-economics of Nervos CKB have been designed to provide long-term CKByte holders an effectively supply-capped cryptocurrency similar to Bitcoin. In other words — by depositing in the Nervos DAO, your holdings will never be diluted by secondary issuance.

Deposits and Withdrawals

In the Nervos DAO there are 3 transactions that need to be completed for a full deposit and withdrawal cycle:

  1. Deposit Transaction — this is the initial deposit of the amount of CKBytes you wish to lock in the Nervos DAO. As soon as this transaction has been included in a block, this block number becomes the start of the “reward” period, and your deposit is locked.
  2. Initial Withdrawal Transaction — this is the first step in the withdrawal process. You can send this transaction at any time to the Nervos DAO to indicate your request to withdraw, however, the block in which this transaction is included is the end of the “reward” period.
  3. Final Withdrawal Transaction — This is the transaction which withdraws your initial CKByte deposit + rewards accrued from the Nervos DAO. It must be done in a deposit period after the Initial Withdrawal Transaction.

Tutorials

👇**Please click the button to see detailed contents**👇

A Little Tricky