Governance Token Design and Community Mechanisms

OpenFi uses a dual-token model to separate governance and rewards:

• $OPEN is the core reserve asset, with sovereign currency attributes and compounding yield capabilities;

• $NEC is the governance and incentive token, enabling holders to participate in governance proposals, voting, accelerated unlocking, platform incentives, etc.

Under the DAO governance model, all key protocol parameters (such as minting caps, bond discounts, staking release rules) are determined through governance proposals made by $NEC holders, ensuring the protocol is truly community-owned and driven.

Additionally, OpenFi introduces a staking loyalty mechanism (longer staking results in higher rewards), establishing a long-term trust bond between the protocol and users, creating a positive cycle for governance participation and token ownership.