Cover Fee Redemption

How to Apply for Fee Redemption?

As a cover creator, you can not only earn a stable cover fee commission of 1% but you can also apply for full cover fee redemption. Normally, the cover fee redemptions are decided via governance process.

In order to create a proposal in the governance portal, you must stake at least 1000 NEP tokens in the governance contract. However, this requirement is not applicable for cover creators as they automatically become a governance member when they stake NEP tokens when creating a new cover.

Neptune Mutual Governance Portal

Connect your wallet. Now, click on the New proposal link on the left sidebar.

Fill up rest of the form and click "Publish".