Documentation
Learn how to use the NOMY protocol
Protocol Overview
Nomy is a DAO-governed DeFi protocol built on Ethereum, designed around a managed on-chain Treasury that generates value and distributes it across participants.
The protocol provides a structured system for:
- staking and earning rewards
- managing vesting allocations
- exchanging assets into NOMY
- participating in DAO governance
All core mechanisms are connected through a Treasury-driven value model.
Key Features
- Staking — Stake NOMY to earn rewards generated from Treasury performance
- Vesting — Manage token allocations with a structured 3-year vesting model
- Exchange — Convert supported assets into NOMY through a protocol-controlled bonding mechanism supported by Treasury allocation
- Voucher Claim — Claim NVoucher allocations and convert them into NOMY via the Exchange, resulting in a vesting position within the protocol
- Governance — Participate in DAO decision-making
- Claim — Claim staking rewards and unlocked tokens
- Withdrawal — Withdraw unlocked or unstaked assets
Architecture
The protocol is composed of modular smart contracts coordinated through a central system.
Core modules include:
- Staking — reward distribution and participation
- Vesting — allocation tracking and unlock logic
- Bonding — asset-to-NOMY conversion
- Governance — DAO proposals and execution
All modules interact with NOMY as the core ERC-20 token of the protocol.
Getting Started
To use the Nomy Protocol, follow the steps below.
- 1Install a Web3 wallet (e.g. MetaMask)
- 2Connect your wallet at https://app.nomyfi.com
- 3Ensure correct network and sufficient ETH for gas
- 4Acquire NOMY via Exchange or voucher claim
- 5Navigate to protocol sections (Staking, Vesting, etc.)
Always verify you are using the official domain and never share private keys.
Staking & Rewards
Staking allows participants to engage directly with protocol-generated value.
- Rewards are derived from Treasury performance, including yield strategies and asset appreciation
- Rewards accrue continuously and can be claimed at any time
- Staking reflects real protocol activity rather than fixed emissions
Reward Model
- When Treasury generates sufficient profit → rewards are funded from real returns
- If profit is below target → DAO may support rewards via bonding or market purchases
- If profit exceeds requirements → surplus remains in Treasury, increasing backing per NOMY
After maximum supply is reached:
- rewards are supported through market buybacks, not new issuance
Vesting
NOMY allocations follow a structured 3-year vesting schedule:
- Unlocks occur every 3 months
- Vested tokens can be staked immediately
- Staked vested tokens are not included in circulating supply
- Staking rewards are liquid and claimable
Exchange (Bonding)
The Exchange allows users to convert supported assets into NOMY:
- Operates through a protocol-controlled bonding mechanism supported by Treasury allocation
- Tokens received are assigned to vesting positions
This directly links capital inflow to Treasury growth and protocol expansion.
Governance
Nomy operates under a DAO governance framework, where NOMY holders participate in protocol decisions.
Governance is executed on-chain through the NDAOGovernor smart contract, based on the OpenZeppelin Governor model.
Voting Power
Voting power is determined by:
- NOMY held
- NOMY delegated
- Tokens must be delegated to activate voting power
- Staked tokens contribute to voting power
- Delegation transfers voting rights, not ownership
Participation in governance may require a minimum NOMY threshold defined by DAO parameters.
Proposal Lifecycle
- Pending — created, voting not started
- Active — voting open
- Succeeded — passed and met quorum
- Queued — awaiting execution via timelock
- Executed — completed on-chain
- Defeated — failed or did not meet quorum
How to Vote
- 1Delegate voting power
- 2Navigate to Governance
- 3Select an active proposal
- 4Review details
- 5Vote: For / Against / Abstain
- 6Confirm transaction
Delegation
- Voting power can be delegated to another participant
- Token ownership remains unchanged
- Delegation can be updated at any time
Withdrawal
The Withdrawal mechanism allows users to unstake NOMY and return it to their wallet.
How to Withdraw
- 1Navigate to Withdrawal
- 2Enter amount
- 3Confirm transaction
- 4Tokens are returned to wallet
Claiming Rewards
- Staking rewards can be claimed independently
- Unstaking is not required
- Rewards reflect protocol performance
Claim
The Claim page provides access to all claimable positions.
Claim Process
- 1Navigate to Claim
- 2Review available balances
- 3Claim individually or use Claim All
- 4Confirm transaction
- 5Tokens are transferred to wallet
Claim Types
- Vested Tokens — unlocked from vesting allocations
- Staking Rewards — generated from Treasury performance
Smart Contracts
The protocol is composed of multiple smart contract modules working together.
- verified
- open-source
- transparent
Core Modules
| Contract | Description |
|---|---|
| ProtocolHub | Central coordination layer |
| NOMY | ERC-20 token with EIP-2612 permit |
| StakingModule | Staking and reward logic |
| VestingModule | Vesting and unlock management |
| BondingModule | Asset-to-NOMY conversion |
| NDAOGovernor | Governance execution |
| TimelockController | Delayed execution of proposals |
Contract addresses are available in the Protocol Parameters page.
Glossary
| Term | Definition |
|---|---|
| APY | Annual Percentage Yield including compounding |
| Bonding | Mechanism for converting assets into NOMY |
| Delegation | Assigning voting power without transferring tokens |
| EIP-2612 Permit | Gasless approval via signature |
| Governance | DAO-based decision-making system |
| Quorum | Minimum votes required for proposal validity |
| Staking | Locking tokens to participate in rewards |
| Timelock | Delay between approval and execution |
| Vesting | Gradual token unlock schedule |
| Voting Power | Influence in governance based on holdings |
Final Note
Nomy is designed as a Treasury-driven, DAO-governed financial system where:
- value is generated through structured capital management
- rewards are linked to real performance
- governance is decentralized and transparent
Participation aligns users with a system focused on long-term, sustainable growth.