Token Minting and Burning
Empowering the community to control NELX token supply through transparent, decentralized governance.
In the Nebeus Lending Protocol, every token minted or burned is approved by the community—because decentralization should apply to everything, including supply control.
Minting & Burning in the Nebeus Ecosystem
Minting NELX: Used to fund lending incentives, fuel the treasury, or reward contributors.
Burning NELX: Used to reduce inflation, eliminate unused tokens, and increase scarcity.
Governed by the DAO
All mint/burn decisions follow a structured DAO process:
Proposal: Proposals to mint or burn NELX—especially those involving more than 100,000 tokens—must be initiated by a DAO sponsor or approved through a multisig proposal framework. The proposal includes full details of amount, purpose, timeline, and execution plan.
Discussion: The community reviews the proposal, provides feedback, and may request modifications.
Voting: On-chain vote using NELX. Must meet quorum and approval threshold.
Execution: Smart contract or DAO-governed multisig executes the mint or burn operation, with full on-chain transparency.
🛡️ Safeguards in Place
Time locks before execution
Minting limits and vesting rules
Multisig control for sensitive supply actions
Full transparency via governance records
Example: Lending Incentive Program
DAO proposes minting 2M NELX to reward lenders: → multisig initiates proposal → community votes → tokens locked in vesting contract → rewards distributed monthly
Example: Burning Unused Tokens
DAO proposes burning 500K unused NELX from an expired pool: → passes community vote → tokens sent to a burn address → reflected in on-chain supply
💡 Why It Matters
Nebeus’s minting and burning model ensures:
Transparent and limited supply control
DAO-backed oversight for large mint/burn actions
Secure execution with smart contracts
Long-term trust and value for token holders
Governed by the community. Designed for accountability. Built to last.
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