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Governance Results: Daily Interest on NEXO Tokens Is Live

Jun 8·1 min read
Product
Governance Results: Daily Interest on NEXO Tokens Is Live

The people have spoken, the ballots are in and we’re thrilled to announce that the Daily Interest on NEXO Tokens proposal was accepted and has already been accepted.

Vote Results

  • Total participating tokens: 362М
  • Votes “For”: 89.52%
  • Votes “Against”: 10.48%

What Happens Next?

Here’s what’s happening now that our community chose Daily Interest on NEXO Tokens:

NEXO Token holders will receive up to 12% interest per annum, paid out daily, on NEXO Tokens held in both the Savings and Credit Line wallets, meaning that NEXO Tokens used as collateral will also earn interest. All Loyalty tiers will receive a base rate of 7% interest for FLEX Terms while those benefiting from Nexo’s Fixed Terms for 3 or 12 months will receive 9% and 12% interest, respectively.

Everyone, including clients in the US will receive daily interest on our native token, paid out in NEXO Tokens. 1

Finally, a Loyalty Dividend worth $20,428,359.89 will be distributed among all eligible NEXO Token holders on June 16, 2021. Еxpect more information about the final Dividend in the next few days.

We are incredibly excited to embark on this new chapter in Nexo’s story both with the new Daily Interest program and future Governance proposals.

1 Currently excluded from this product are citizens or residents of the State of New York, and users subject to other limitations as may be applicable at times, who place their NEXO Tokens in their Nexo accounts. The Daily Interest on NEXO Tokens is subject to the Nexo Earn Interest Product General Terms and Conditions, as amended on occasion.

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