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Network onboarding

Before designing and creating a Network, explore the overview, sample use cases, and key concepts.

Scope use scenario​

As a Network, you are setting the terms that guide the collaborative efforts of Delegators and Operators/Managers. Nektar can help you scale operations by introducing new use cases and expanding on your existing traction.

Select delegated asset​

When configuring a Network, the following parameters need to be specified:

Deposits:

  • Asset type (can be any whitelisted ERC-20 token)
  • Minimum deposit amount
  • Amount requested from Delegators

Define terms​

Rewards are distributed to Delegators and Operators based on a predefined percentage split.

Rewards:

  • Asset type (can be a native token, as long as it is an ERC-20 on the Ethereum network)
  • Distribution rate for:
    • Liquidity (native tokens per deposited amount)
    • Growth (per days operated)
    • Collateral (per days operated, if applicable)

Detail standards​

Each Network defines its own penalty logic, if applicable. This logic is off-chain and described in the network description rather than enforced through a smart contract.

Unlike slashed collateral, the assets of a penalized party are not burned but transferred to a vault.

Set up new Network​

Once the Network is designed, you can register it online through a convenient Web UI at https://app.nektar.network