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 NPM tokens in the governance contract. However, this requirement is not applicable for cover creators as they automatically become a governance member when they stake NPM tokens when creating a new cover.
Snapshot
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".
Last modified 2mo ago
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