NexisDAO internal beta is officially opened (with detailed tutorial)

Since the creation of NexisDAO, we have been thinking about and practicing our positioning in the Nervos ecosystem. Now, the internal beta of NexisDAO has been opened.
 
What is NexisDAO ?

NexisDAO is an open source decentralized autonomous organization running on the Nervos Network (Nervos for short). The project runs a stable currency system called Nexis protocol . Users can approve it through the "Nexis Governance" method generating assets as security stable credits TAI of , and the protocol may also resolved after Nervos DAO CKB collateral problem of poor flowability .

Before the official launch, we arranged an internal test, and everyone is welcome to participate! We look forward to community feedback and suggestions!
 
 

Participate in the closed beta to win rewards

 

Participate in the closed beta time

August 27, 2021 (Beijing time) ~ September 3, 2021 (Beijing time)

Participate in the internal test address

https://nexisdao.com/

Activity Award

All users participating in the closed beta will have the opportunity to get a limited version of the public beta NFT

Award rules

During the closed beta period, everyone can participate in the test and get the mainnet commemorative NFT rewards by completing the TAI casting, transfer, redemption, dCKB deposit, transfer, and withdrawal, and the use of TAI and dCKB to conduct transactions in YokaiSwap.
 
 

feedback

Please fill out the form:

• https://jinshuju.net/f/HXpFKb

Or give feedback on NexisDAO Discord "Internal Beta Channel":

• https://discord.gg/vE4dwP3Wgg
   
   

Closed Beta Tutorial

Receive CKB

1. You need to have Ethereum wallets such as MetaMask
2. Login: https://force-bridge-dev.ckbapp.dev/
3. Connect your wallet, such as: MetaMask
4. You will be able to see your CKB address (converted from ETH address), copy it
5. The content in Recipient is your CKB address (test network address starts with ckt)
6. Login: https://faucet.nervos.org/
7. Fill in your CKB address, click Claim, you will be able to get test coins (it will take a few minutes to arrive)

Get ckETH

 

ckETH is ETH on Nervos, which is an asset minted from ETH on Nervos through a cross-chain bridge (ForceBridge).

1. Rinkeby; if not, you can get it at the following website: 1613099aa8eb5f https://faucet.rinkeby.io/
2. Login: https://force-bridge-dev.ckbapp.dev/
3. Select Ethereum->Nervos
4. Enter ETH quantity
5. Click on Bridge
6. Wait for a few minutes, you can see the status is successful in "History"
7. There is ckETH on your CKB address

TAI

TAI is a secured cryptocurrency that is issued by providing full asset mortgage guarantees on the chain and maintains a 1:1 anchor (soft anchor) with the U.S. dollar. Similar to real estate mortgage loans, ckETH/dCKB corresponds to real estate, and TAI corresponds to the money you borrowed. Smart contracts assume the role of the bank.

It can be used for emergency, repurchase of assets, etc. We will open the trading function in the exchange in the future.

Pledged assets lending TAI

1. You need to own CKB and digital assets (dCKB or ckETH)
2. Login: http://aggron.nexisdao.com
3. Click "Wallet Connect", select your wallet type, after successful connection, you will enter the page of NexisDAO
4. Click Deposit
5. Select the asset to be pledged, the default is dCKB, you can switch to ckETH
6. "UDT amount to desposit" fill in the amount to be pledged; the amount of digital assets you own is displayed in the "UDT balance" below, and the amount entered cannot exceed this value
7. The system will automatically calculate the recommended TAI quantity; you can also adjust it yourself, but the quantity cannot exceed the "TAI Limit" below
8. Click Confirm and sign on the wallet
9. Waiting for the transaction to be on the chain
10. After the transaction is successful, you will have TAI, and you will also have a pledge order in the "Cell list"

Redemption of assets

To redeem assets, you need to pay a small amount of borrowing interest. You can ask others to transfer a small amount of TAI to you, or you can pledge a small amount of assets again to pay interest.

1. Login: http://aggron.nexisdao.com
2. In the "dCKB list" list, select the asset to be redeemed
3. Click the corresponding "Withdrawal" button
4. The pledge information and interest are displayed in the pop-up window
5. After confirming that it is correct, click "Withdraw now"
6. After signing, wait for the transaction to be on the chain, and you will receive the pledged assets

dCKB

Nervos DAO, as a system contract of Nervos, is one of the important highlights of the CKB economic model. Holders can deposit their CKB into NervosDAO at any time to obtain income. However, Nervos DAO is a kind of fixed deposit, and there is a shortest deposit period, resulting in poor liquidity of CKB.

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dCKB is a token implemented by NexisDAO for Nervos DAO. After users deposit CKB in Nervos DAO, they can cast the same amount of dCKB at the same time. In this way, both the fixed income of Nervos DAO and the liquidity of dCKB, and dCKB can be freely traded. Of course, if you want to withdraw money from Nervos DAO, you need to destroy the corresponding dCKB. The most important point is that these are all implemented through smart contracts, without any commission in the middle, and there will be no reduction in your fixed income.

1. You need to have CKB
2. Log in to http://aggron.nexisdao.com/dckb
3. Click "Wallet Connect", select your wallet type, after the connection is successful, you will enter the dCKB page
4. Click on Mint
5. Enter 3000 (cannot be less than 200)
6. Click "Confirm" and sign on the wallet
7. Waiting for the transaction to be on the chain
8. After the transaction is successful, you will have the same amount of dCKB, and you will also have a deposit slip in the "dCKB List"

The default process of Nervos DAO:

dCKB：

After depositing, dCKB will belong to your liquid assets. Because 1 dCKB has a corresponding CKB deposit, its price is equal to the price of CKB.

Since the withdrawal process is based on a month, if you want to withdraw money, it will take one month. This is a limitation of Nervos DAO.

Or, you can refer to the operation document of NexisDAO for more information:

• https://doc.nexisdao.com/docs/

" is a long road, and every participant deserves to be thanked! ”