What is POLLEN?
Last updated
Last updated
POLLEN is a governance token designed to support the stability and growth of the Beraborrow protocol by aligning incentives for NECT adoption and liquidity. POLLEN holders participate in protocol decision-making and contribute to governance-driven incentives that enhance Beraborrowโs ecosystem. Initially, incentives will focus on the Liquid Stability Pool and stablecoin liquidity. Once sufficient liquidity is established in the stable-swap system, incentives will be redirected toward protocols and use cases that increase NECT's utility as a stablecoin, such as a trading protocol using NECT as a quote asset, a game using NECT to be able to perform transactions, or simply a new token launching pairing its initial liquidity with NECT.
Since Beraborrow does not have lenders, all protocol interest revenue is allocated to governance-driven initiatives that support ecosystem sustainability:
Berachain Rewards Vaults: Governance participants can stake POLLEN to contribute to ecosystem governance and decision-making, aligning incentives with Beraborrowโs long-term sustainability.
Protocol Liquidity Initiatives: Governance participants allocate funds to enhance stablecoin liquidity, ensuring the stability of NECT as a decentralized stable asset.
Creating a flywheel where more NECT utility enables more users to use Beraborrow for leverage, thus increasing total interest rates/fees to the sPOLLEN Berachain reward vault meaning more value can be passed through to incentivise liquidity. And the flywheel repeats. See interest rates and Daily Loss to Volume calcs
POLLEN can be staked to mint sPOLLEN, which enables governance participation and ecosystem engagement. Staking does not guarantee financial returns but aligns long-term participants with protocol incentives. Additionally, through the Beraborrow interface, governance participants can direct protocol rewards toward ecosystem initiatives that enhance the utility of NECT across the Berachain ecosystem.
Users may contribute liquidity through bonding mechanisms, such as sNECT, HONEY-NECT, POLLEN-BERA, or POLLEN-NECT LP tokens, in exchange for governance access through POLLEN allocations. Bonding does not provide financial returns and is structured solely to support protocol sustainability and expand decentralised liquidity.
POLLEN
distributionThere are 420,000,000 POLLEN
tokens.
Breakdown of token distribution can be seen