Proposal: Whitelist $NVL as a Borrowable and Collateral Asset on Lenfi
Short Summary
This proposal seeks to whitelist the $NVL token as a collateral and borrowable asset on the Lenfi platform. As the core token of Nuvola Digital’s ecosystem, $NVL enhances decentralized network participation, fostering stability, security, and diversified growth within the Cardano ecosystem.
- Approve
- Disapprove
- Abstain
Motivation
The integration of $NVL into Lenfi’s platform offers multiple benefits, such as enhanced liquidity, new staking opportunities, and further decentralization of financial actions within the Cardano network. This proposal aligns with Lenfi’s mission to expand its asset offerings and enhance user engagement.
Project and Token Overview
$NVL is integral to Nuvola Digital’s ecosystem and is designed to empower individuals to participate in decentralized network rewards efficiently. With a fixed supply of 21 million tokens, $NVL embodies transparency in the name of decentralization. Nuvola Digital supports robust and secure network operations by managing multiple nodes, thus ensuring the continuity and integrity of decentralized services.
Explain the Positioning of the Token in the Cardano Ecosystem
$NVL strengthens the Cardano ecosystem by facilitating efficient node operations and diversified network participation. As Cardano grows, the need for reliable node operation and network support becomes crucial. Nuvola’s operational strategy directly supports this by maintaining high uptime and operational excellence, which is essential for the network’s health and scalability.
How Will It Benefit the Protocol?
Listing $NVL on Lenfi will:
- Support the growth of the Cardano ecosystem by providing financial tools that incentivize and reward node operation and participation.
- Enhance the robustness of the Cardano network by supporting a company focused on decentralization and operational reliability.
- Increase the list of tokens available on Lenfi.
What’s the Asset’s Utility?
$NVL token holders can engage in:
- governance,
- staking for rewards (in the works), and
- participation in securing and operating the network.
Token Data (07.05.2024)
Total Supply: 21M
Circulating Supply: 15.73M (74.9%)
Market Cap: 16,099,689 ₳
24h Volume: 1,669,108 ₳
Holders: 1,832
Conclusion
Incorporating $NVL as a borrowable and collateral asset on Lenfi not only diversifies the financial landscape of the Cardano ecosystem but also supports a foundational project aimed at enhancing the network’s decentralization and robustness.