Ready to Earn?

We want users to be able to experience the amazing Nekodex UX no matter what your financial needs are. Spot trading launched August 7 and now we are launching the next evolution of Nekodex: Earn vaults! Earn vaults are super simple. Deposit your USDC, and earn interest.

Neko’s First Vault

USDM from Mountain Protocol backs the first Nekodex Earn vault. USDM is an RWA protocol, backed by real world assets, that gives users access to a low-volatility rate of interest. Check the Nekodex app Earn tab to see the latest interest rate 

USDM is just the start. We will offer more Nekodex Earn vaults in the near future. 

How does USDM work?

USDM is pegged to the US dollar, and its value is backed by US Treasuries held by Mountain Protocol. Interest earned on the Treasury bills is paid to USDM holders in the form of more USDM, so your USDM holdings will increase with time. Mountain Protocol has taken steps to ensure USDM is safe, such as overcollateralization, smart contract audits and minimizing trusted custodians. Regardless, as with any defi product, you should DYOR and check out their risk page before depositing.

Note: USDM is not available to US citizens and other restricted countries, or for restricted activities.

Collect more Nekocoin!

Nekodex Earn also gives users another way to collect more Nekocoin before the token launch (TGE)! All Earn deposits will count toward increasing your daily check-in boost 

Source : Stories by Perpetual Protocol - Sep 4, 2024