NERI Token is here! Learn more here.
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NERI Token is here!

Published by Nerite Community Member on
Nerite's NERI token is launching.

NERI Token

The NERI token is here.
NERI is the governing token of the Nerite Protocol. It can be delegated for voting, 

Legal stuff:

NERI token represents membership in the Marshall Islands' Go Slow Foundation. The DAO governing contracts and token contract are recognized there under the Marshall Islands DAO Law.

Nerite is owned by the Go Slow Foundation DAO LLC, a compliant legal entity in the Marshall Islands. The NERI token is legally recognized by the government of the Marshall Islands. All ownership rights to Nerite’s code, protocol, treasury, revenue, licenses, and intellectual property belong solely to NERI holders. 

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What is NERI?

NERI is the governance token of Nerite Protocol — the exclusive Liquity v2 friendly fork on Arbitrum.

 

Nerite enables borrowing of USND, a redeemable streaming stablecoin, against ten types of collateral including ETH, wstETH, rETH, ARB, tBTC, and more. Borrowers set their own interest rates. 100% of protocol revenue is directed to users.

 

Nerite is immutable, governance-minimized and its core code can never be updated. However, NERI can be used to vote on directing a portion of interest paid by borrowers and updating some security features like Debt Limits. NERI can also be used a governance proxy to Arbitrum DAO, as ARB deposited in the protocol can be delegated by NERI DAO.

 

Why does NERI matter?

Today, nearly all Defi projects are governed by a team controlled multisig pretending to be decentralized, or a complicated triple entity DAO/Foundation/Operating Company who all have competing interests. When there are three different groups of people each trying to control the future of the community or protocol it naturally tears it apart instead. We've seen this countless times for years now. Nerite as a protocol has no controllers and is actually decentralized because all of the code is immutable. Nerite as a community will not suffer from the competing interests of different entities because there is only 1 group that can direct its future: NERI holders, who are the legally recognized controllers of the Go Slow Foundation DAO LLC in the Marshall Islands.

 

Token Distribution

Total Supply: 100,000,000 NERI (fixed, non-inflationary)

Community — 15%

Airdrop to the people who actually used Nerite. USND borrowers, stability pool depositors, and liquidity providers. Weighted by participation over time using Shell Points as a proxy. 

Treasury — 30%

The largest allocation belongs to NERI governance. These tokens fund protocol growth: liquidity incentives, grants, partnerships, and ecosystem development. Every spend requires a governance vote.

Original Team — 15%

Vested over 3 years starting from token deployment. 

 

Ecosystem Partners — 25%

  • Alpha Growth (Market Making, LP work): 10% with the same vesting as the team.

  • Arbitrum DAO Treasury: 2%

  • Summerstone (Liquidation bots, redemption bots, peg maintence, and much more): 5% 

  • Threshold DAO Treasury 3%

  • Liquity AG (Friendly Fork License): 1%

  • Direct to Liquity Users and BOLD/USND LPs 4%

Balancer LBP — 15%
Added and paired with an amount of ETH from the treasury to a Liquidity Bootstrapping Pool on Balancer.

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Liquidity Bootstrapping Pool

NERI launches through a Liquidity Bootstrapping Pool (LBP) on Balancer — the fairest way to distribute tokens and discover a market price.

How it works:

• 15% of NERI supply enters a 72-hour LBP paired against ETH

• Price starts high and gradually declines over the pool duration

• Anyone can buy in at any point. (No presale, no allowlist, no insider advantage)

• The declining price curve prevents whale front-running and encourages patience

• Proceeds go directly to the NERI Treasury as protocol-owned liquidity

 

Why LBP?

• Fair price discovery — the market decides NERI’s value, not insiders

• Anti-whale — declining price means buying early isn’t automatically better

• Treasury-building — LBP proceeds seed permanent DEX liquidity

• Proven model — used by Radiant, Gyroscope, and dozens of successful launches

 

The LBP happens before the airdrop. This establishes a real market price and deep liquidity before any free tokens enter circulation.

Go Slow.

Nerite was built slowly, carefully, and in the open. No rush to market. No shortcuts on security. No compromises on decentralization.

 

NERI is the final piece — giving the community full ownership of the protocol they helped build.

 

Token Contract: 0xcEC3ba7029d54d005275d3510960Cfe433811C59

DAO on Aragon: 0x108f48E558078C8eF2eb428E0774d7eCd01F6B1d

 

Go slow.

 

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