Neptune Mutual
WebsiteChatBlogGithub
Search…
1.0.0
Welcome
About Neptune Mutual
NPM Token Design
Project & Repositories
Frequently Asked Questions
How to Obtain NEP/NPM Tokens
Neptune Mutual SDK
Quickstart
Usage
Provider Configuration
Create a New Cover
Cover Assurance
Add Liquidity
Cover Provision
Purchase a Policy
Governance
Claims & Payouts
Covers
Background
Introduction
Contract Creators
Cover Fee Redemption
Liquidity Providers
Purchasing Covers
Incident Reporting
Protocol Fees
About PODs
USD Cover Token
Definitions
Cover Products
Policy
Risk Pooling
Claims & Payout
Governance
Risks
Reserves
Extensions & Plugins
Not Applicable
Pool
Pool Introduction
How Does Farm Work?
Pool Smart Contracts
Community
Partner Program
Our Ethos
Code of Conduct
Moderation Panel
Apply to Contribute
Credits
Usage
Recovering Cryptocurrencies
Risk Factors
Brand Assets
License
Source Code
Disclaimer
Terms of Use
Powered By GitBook
Contract Creators
Anyone who has NPM tokens can create a cover contract. To avoid spam, questionable, and confusing cover contracts, a creator has to burn 1000 NPM tokens. Additionally, the contract creator also needs to stake 4000 NPM tokens or more. The higher the sake, the more visibility the contract gets if there are multiple cover contracts with the same name or similar terms.
Always refer to the Protocol Fee document for the latest information since the fees are configurable and can change.

Rewards

The contract creator will earn a steady income of up to 1% of all cover fees paid by the users. Initial contract creators will also earn additional 1% of the cover fees in NPM.
This added NPM reward is limited and comes from the Protocol Incentives allocation, as described in our token design.

About Reporting Questionable or Invalid Contracts

The governance system allows NPM holders to vote to invalidate and remove any cover contract.
    The staked NPM tokens of the contract creator will be burned.
    The users having non-expired covers can withdraw their cover fee.
    The liquidity providers can withdraw their staked NPM tokens, stable-coins, and cover fees.
​
Covers - Previous
Introduction
Next - Covers
Cover Fee Redemption
Last modified 27d ago
Copy link
Contents
Rewards
About Reporting Questionable or Invalid Contracts