veNIV

By locking NIV to mint veNIV, holders gain direct influence over protocol governance through voting power. veNIV inherits NIV’s ever-increasing price floor, making it a premium form of collateral for borrowing nUSD.

veNIV is our governance token, minted by locking NIV at a 1:1 ratio. Instead of selecting a lock duration, your NIV remains locked until you initiate an unlock. Once you begin the unlocking process, a 7-day delay starts. After this, you’ll have 21 hours to withdraw your NIV.

If you miss this window, the tokens re-lock automatically, and you’ll need to start the process again.

The flexibility of veNIV doesn’t end there: even during the unlocking process, you can borrow nUSD at a high Loan-to-Value (LTV) ratio of 98% using veNIV.

veNIV shares the same price floor as NIV, meaning that's the price the oracle will track. Therefore, your position is only at risk of liquidation if your debt increases due to interest.