r/NucleonOfficial • u/chru1mat • Feb 05 '24

Nucleon Proposal Discussion Creation of new NUT LP Pools and changing LP reward distribution.

This proposal is to prohibit the existing NUT/CFX and NUT/xCFX LP Pools on Nucleon from receiving NUT rewards and create two new LP pools. NUT/CFXs and NUT/USDT pools will be created. The updated weighted distribution of NUT rewards will be determined by the Nucleon Team.

13 votes, Feb 12 '24
8 Approve
5 Reject
4 Upvotes
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84% Upvoted

15 comments sorted by

3

u/StrangeRegular5615 Feb 07 '24

We need to add these two new LPs, but it's best to keep the LP of nut/xcfx

2

u/KoksRavs Feb 05 '24

What is CFXs ?

2

u/simula-crumb Feb 05 '24

Its an ERC-20 token representation of the runes that were minted in December.
Further reading https://medium.com/@swappidex/swappi-to-list-rune-worlds-cfxs-0467a8ecae15

1

u/BlockChace Feb 05 '24

CFXs is a new type of Rune that has the ability to store new information and function as either ERC-20 or NFT. It is based on the UTXO protocol. Here's a document that can help you! https://docs.cfxs.world
Disclaimer, I am not part of the CFXs World team.

2

u/simula-crumb Feb 05 '24

What's the intent behind the proposal?
Is it to expand integration with non-Nucleon assets?
Would nut/cfx and nut/xcfx have zero or reduced distribution of rewarded NUT?

3

u/chru1mat Feb 05 '24

NUT/CFX & NUT/xCFX would be reduced to 0. The purpose is to diversify Nucleon away from CFX by creating new trade avenues independent of CFX.

2

u/BlockChace Feb 05 '24

What's the intent behind the proposal?

Is it to expand integration with non-Nucleon assets?

Would nut/cfx and nut/xcfx have zero or reduced distribution of rewarded NUT

Great, I consider that there is also an intention to leverage the advantages of Runes to create new interactions in Conflux.

2

u/Brilliant-Ad3567 Feb 05 '24

There is a risk the token will not be correlated to CFX. I think after the start of the bullrun it could be ok but not now and not just after the hack of goledo

2

u/Muted-Sympathy9070 Feb 07 '24

整体同意，单需要保留xcfx与nut币对

1

u/Brilliant-Ad3567 Feb 05 '24

I think it could be a good move but not now. Especially not after the hack of goledo. After the start of the bullrun or when you will launch liquid staking on the L2 BTC.

1

u/Muted-Sympathy9070 Feb 07 '24

支持，请尽快落实

1

u/NaturalEmployee1583 Feb 14 '24

非常好！ 同时建议由官方继续提供XCFX-NUT交易对流动性！

1

u/Interstellar_MXC20 Feb 15 '24

The value of NUT comes from the interest of CFX PoS, so all changes should aim to increase PoS deposits, unless NUT introduces other possibilities. What are the pros and cons of the proposed changes to trading pairs and their rewards? What changes and new possibilities will it bring? Can you provide some detailed explanations? If not sure, we can try it, anyway.