Deversifi Voting Dapp
- Utility and governance for DeversiFi
Nectar was originally launched by Ethfinex in 2017 with the purpose of rewarding market makers for the value they create whilst simultaneously serving as the primary voting mechanism, allowing traders to govern the exchange and decide, among other things, which tokens they wish to see listed next. In 2019 Ethfinex evolved into full decentralisation, rebranding as DeversiFi and bringing with it a revamped Nectar model.
Nectar now serves as the native utility and governance token of DeversiFi, featuring a buy & burn mechanism, trading fee-discounts, and wider ecosystem participation by sitting at the heart of NecDAO - one of the largest DAOs as of 2019 launching with over 17,000ETH in funds constituted for the community-driven governance of DeversiFi and Nectar. Learn more at nectar.community
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