Nebula

Tough fighters

Nebula stands for “rewarding, balancing, and automation”

The Nebula Vision of Finance

The traditional banking finance that claims to play a role in making the world a better place doesn’t work. It only works for wealthy suits. It’s great for them but not for most people. The gatekeepers in this dinosaur finance retain the ownership to change the rules of the game. All these decisions are made behind closed doors. Decentralized finance (DeFi), on the other hand, may be the new kid on the block, and it is currently just a drop of stone in the ocean (Traditional Finance). However, DeFi is already a viable alternative for most important financial services. The projects that have been successful in DeFi do things in an innovative way that did not exist in the old finance. Compound, Uniswap, and Balancer are good examples.

Why does this happen?

The waves of DeFi adoption are good examples to show that users want control of their finance and to define their own terms. However, most people aren’t aware of the position of synthetic.

But why does that matter?

There are many different reasons behind the creation of synthetic position. Notably, it allows one to take a position without forking out the capital to actually buy/sell the asset. With the incentivized synthetics, you can start building a financial data market. With this financial data stream, you can start any DeFi business you want on top of it or package and sell the data for others to build on.

Implementation

Rather than purely inherits it’s predecessor RFI’s, Nebula create new features similar to Compound/Aave which allows the SNBL, SNBL- LP , SVT , SVT-LP tokens to be used for collateral.

Wonderfully Mysterious Finance!

A nebula is an interstellar cloud of dust, hydrogen, helium and other ionized gases. A wonderfully mysterious diffused astronomical object.

Focusing on its yield aggregator and NFT marketplace, SafeNebula aims to do this by being a new protocol that adds features to existing DeFi systems.

Distribution/Tokenomics

SafeNebula(SNBL)

The Nebula Protocol is a community driven, fair launched DeFi Token. Three simple functions occur during each trade on SNBL : Reflection, LP Acquisition, & Burn.

SNBL Tokenomics :

Initial Total supply : 1,000,000 SNBL
RFI static reward per transaction (Reflection) : 2%
Burn rate per transaction : 2%
Automatic LP Acquisition per transaction : 6%
Maximum buy/sell limit per tx : 70,000 SNBL

Reflection:

A buy, sell or transfer incurs a fee charges of 2% and the entire portion of this is re-allocated to every holder (“the yield”). The rebase mechanism works like an airdrop, but it’s not because it does not require you to “collect” it — quite literally, it just appears as an increase on your balance. The reward amount is conditioned upon the proportion of your holdings to tha total supply and volume of the token being traded. Your reward on every transaction : 2 % * Ntt * y / Ts. (y = your snbl holding, Ntt : number of token being transferred, Ts : current total supply)

LP Acquisition :

On top of the previous point,each buy/sell/transfer goes through an “automatic liquidity generation” event, an acquisition of 6% . This makes passive yield farming sustainable and constantly raises the token price floor. Here’s a simple explanation of the last point: the mechanism harvests the BNB and $SNBL, converts them to a liquidity pool token, and permanently locks it into the contract. Once in the contract, the LP token can never be moved due SNBL’s contract ownership has been renounced , making the acquired liquidity a permanently locked feature of the contract. This entire process ends on a sell transaction with the tokens being harvested on every buy and any transfer transaction.

Burn :

It’s the blackhole in the space that forever takes 2% of fees on every transaction. Based on the past records, 2600 – 1000 tokens were burned daily subjected to the daily transaction volume.This allows the supply to decrease with more trading volume, introducing more scarcity and buying pressure into the ecosystem.

With all that being said, by holding SNBL you’re able to passively collect the yield.

SNVault(SVT)

Apart from the passive yield farming, Nebula is targeting to create its own synthethic assets with a total distribution of 50,000 SNVault (SVT). For SVT distribution, we will be using a modified version of the Pancakeswap farming infrastructure. Since Nebula does not intend to create its own competitor to Pancakeswap, we will not be migrating to our own pools. Instead we will just use the staking/farming model for distribution.

We have made a number of changes to the distribution system in order to:

Encourage long-term participation in the ecosystem.
Create a robust and diverse treasury.
Create additional treasury funds.
Penalize users who leave pools too quickly and try to manipulate prices or optimize farming.
Create locking and vesting to reduce deflation and align stakeholders long term.

Total Tokens : 50,000 SVT

Distribution : The plan is for the protocol to release a maximum of 50,000 circulating tokens over 1 year or more.The 50,000 circulating tokens is a hard cap. Users can earn SVT tokens by staking their SNBL/SNBL-LP to the SafeNebula Yield Aggregator Pool. SVT Token reward start to unlock on the same block for everyone and can be withdrawn on anytime. During the initial earning phase of SVT, it’s expected to take more than 1 years before all distributed tokens are in circulation.

The distribution will take place in 2 phases:

Initial Release : In order to seed the SVT pool so to prevent mass collapse like other early yield farming assets, 9,000 SVT was pre-allocated, paired with 10 BNB and supplied to Pancakeswap as liquidity. At the same time, 1,000 tokens were allocated for team. These represents less than 20% of tokens to be issued, so the amount will quickly become irrelevant from the dilution (Staking or Farming reward). However, it ensures a larger distribution.

This initial issuance was used for:

Providing initial liquidity to the SVT/BNB pool on Pancakeswap.
Creating a bounty for users to create useful dashboards for SVT pools
Paying rewards for an audit of SafeNebula ecosystem.
Initial listing with exchange and trading partners.

Progressive Release : During the staking/yield farming phase, user will earn SVT each block for staking their SNBL/BNB LP tokens. For staking, 0.33% daily interest in SVT will be rewarded to stakers. (Farming : TBA). The goal of this distribution model is to reward a diverse set of users, as well as encourage the habit of staking SNBL/ BNB LP tokens.

SVT Tokenomics :

Total supply : 50,000 SVT
lnitial Circulating supply : 10,000 SVT
RFI static reward per transaction (automatically distributed to holders) : 4%
Treasury per transaction : 1% (Temporary stored in the form of LP)
Maximum buy/sell limit per tx : 250 SVT

NVT Distribution:

Total Supply : 300,000
Seed Round : 20,000
DeFi Community Round : 40,000
Liquidity Pool : 35,000
Team & Marketing : 5,000
Mining Reward : 150,000
Airdrop Reward : 50,000

NVT Tokenomics:

4% of each transaction is distributed to holders as a reward.
5% of each transaction is add to liquidity. 2.5% generated LP will be manually locked by the team daily. 2.5% LP withdrawable to fund BUSD farm, BUSD airdrop, and marketing expenses.

Nebula’s current road map (To be updated) :

To conclude

Nebula Protocol is growing and becoming a big family and we’re so glad that everyone is staying with us. We are really one of the best community in the crypto world. The Nebula Protocol is a community driven, fair launched DeFi Token.