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.

  1. 1Install a Web3 wallet (e.g. MetaMask)
  2. 2Connect your wallet at https://app.nomyfi.com
  3. 3Ensure correct network and sufficient ETH for gas
  4. 4Acquire NOMY via Exchange or voucher claim
  5. 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

  1. 1Delegate voting power
  2. 2Navigate to Governance
  3. 3Select an active proposal
  4. 4Review details
  5. 5Vote: For / Against / Abstain
  6. 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

  1. 1Navigate to Withdrawal
  2. 2Enter amount
  3. 3Confirm transaction
  4. 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

  1. 1Navigate to Claim
  2. 2Review available balances
  3. 3Claim individually or use Claim All
  4. 4Confirm transaction
  5. 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

ContractDescription
ProtocolHubCentral coordination layer
NOMYERC-20 token with EIP-2612 permit
StakingModuleStaking and reward logic
VestingModuleVesting and unlock management
BondingModuleAsset-to-NOMY conversion
NDAOGovernorGovernance execution
TimelockControllerDelayed execution of proposals

Contract addresses are available in the Protocol Parameters page.

Glossary

TermDefinition
APYAnnual Percentage Yield including compounding
BondingMechanism for converting assets into NOMY
DelegationAssigning voting power without transferring tokens
EIP-2612 PermitGasless approval via signature
GovernanceDAO-based decision-making system
QuorumMinimum votes required for proposal validity
StakingLocking tokens to participate in rewards
TimelockDelay between approval and execution
VestingGradual token unlock schedule
Voting PowerInfluence 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.

FAQ