nToken Transfers and Cross-Network Interoperability

Nebeus introduces a robust and flexible transfer mechanism for nTokens, enabling seamless interoperability, liquidity, and utility across multiple blockchain networks. This functionality underpins Nebeus' staking and liquidity ecosystem, allowing users to manage staked and liquidity pool-derived assets efficiently and securely, while maintaining transparency and reward integrity.

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Transferability of nTokens

Intra-Network Transfers

• nTokens, such as nNELX, are fully transferable within the same blockchain network.

• Use cases include:

  • Transferring staked positions between wallet addresses.

  • Utilizing nTokens as collateral or in decentralized finance (DeFi) applications.

• This flexibility allows users to manage their staked assets conveniently while retaining eligibility for staking rewards.

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Cross-Network Transfers

1. Initiation of Transfer:

   • Users initiate a cross-network transfer by sending their nTokens to a designated Nebeus smart contract on the source blockchain.

2. Burning on the Source Network:

   • Upon receipt of the nTokens, the smart contract burns the tokens on the source blockchain. This process ensures:

     • The total supply of nTokens on the source network is reduced accordingly.

     • There is no duplication of the same staking representation across networks.

3. Minting on the Target Network:

   • After burning the tokens on the source network, the Nebeus system mints an equivalent amount of nTokens on the target blockchain.

   • This minting maintains the 1:1 parity of nTokens with the original staked assets, ensuring that the value and rewards remain consistent.

4. Completion of Transfer:

   • The newly minted nTokens are sent to the user’s wallet on the target network.

   • Users can now utilize the nTokens on the new blockchain while continuing to accrue staking rewards.

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Liquidity Pool Integration

• Liquidity Pool Derived nTokens:

  • nTokens earned or issued through participation in liquidity pools are also transferable across networks.

  • These tokens retain their value and staking rewards, ensuring users can optimize liquidity positions and participate in diverse DeFi ecosystems.

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Supported nTokens and Networks

nToken	Underlying Asset	Supported Networks	Notes
nNELX	NELX	Ethereum, Solana, Cardano	Direct staking and transfer support.
nBTC	BTC	Ethereum, Solana, Cardano	Uses Wrapped BTC (wBTC) for Ethereum and Solana.
nETH	ETH	Ethereum, Solana, Cardano	Uses Wrapped ETH (wETH) for Solana and Cardano.
nUSDT	USDT	Ethereum, Solana, Cardano	Fully compatible with native USDT on all networks.
nUSDC	USDC	Ethereum, Solana, Cardano	Fully compatible with native USDC on all networks.

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Use Cases for nToken Transfers

1. DeFi Integration:

   • Utilize nTokens across networks to participate in lending, yield farming, and governance protocols without unstaking assets.

2. Cross-Network Optimization:

   • Move nTokens to networks with lower fees, faster transaction speeds, or network-specific dApp integrations.

3. Liquidity Management:

   • Transfer liquidity pool-derived nTokens to optimize liquidity positions and participate in multi-chain DeFi ecosystems.