NAVA.FINANCE
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Tokens

NAVA - NAVA Token

0x46D741b89102815710efeA3051291E64Ff49C228
NAVA token is designed to be used as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain NAVA's peg to 1 REI in the long run.
Note that NAVA actively pegs via the algorithm, it does not mean it will be valued at 1 REI all times as it is not collaterized . NAVA is not to be confused for a crypto or fiat-backed stablecoin.

NSHARE - NAVA Shares

0x2dD2169dA1e5c6fE9A3F7AA4A50119B26316A86b
NAVA Shares (NSHARE) are one of the ways to measure the value of the NAVA Protocol and shareholder trust in its ability to maintain NAVA close to peg. During epoch expansions the protocol mints NAVA and distributes it proportionally to all NSHARE holders who have staked their tokens in the Boardroom.
NSHARE holders have voting rights (governance) on proposals to improve the protocol and future use cases within the NAVA.FINANCE ecosystem.
NSHARE has a maximum total supply of 70000 tokens distributed as follows:
  1. 1.
    NAVADAO Allocation: 7000 NSHARE vested linearly 12 months
  2. 2.
    Team Allocation: 3500 NSHARE vested linearly over 12 months
  3. 3.
    Remaining 59500 NSHARE are allocated for incentivizing Liquidity Providers in two shares pools for 12 months

NBOND - NAVA Bonds

0x0851fE27072E8261759cF9b5f233353Ce3535676
NAVA Bonds (NBOND) main job is to help incentivize changes in NAVA supply during an epoch contraction period. When the TWAP (Time Weighted Average Price) of NAVA falls below 1 REI, NBOND are issued and can be bought with NAVA at the current price. Exchanging NAVA for NBOND burns NAVA tokens, taking them out of circulation (deflation) and helping to get the price back up to 1 REI. These NBOND can be redeemed for NAVA when the price is above peg in the future, plus an extra incentive for the longer they are held above peg. This amounts to inflation and sell pressure for NAVA when it is above peg, helping to push it back toward 1 REI.
Contrary to early algorithmic protocols, NBOND do not have expiration dates.
All holders are able to redeem their NBOND for NAVA tokens as long as the Treasury has a positive NAVA balance, which typically happens when the protocol is in epoch expansion periods.
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NAVA - NAVA Token
NSHARE - NAVA Shares
NBOND - NAVA Bonds