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Nabob Insurance Fund (NIF)
Nabob Insurance Fund (NIF)
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NIF is the acronym for the Nabob Insurance Fund which is a separate wallet in Nabob's NAP system. The NIF uses an algorithm that backs the Rebase Rewards and is supported by a portion of the buy and sell trading fees that accrue in the NIF wallet.
In simple terms, the staking rewards (rebase rewards) which are distributed every 1 minutes at a rate of 0.002083% are backed by the NIF parameter, thus ensuring a high and stable interest rate to $NABOB token holders.
5% of all trading fees are stored in the Nabob Insurance Fund which helps sustain and back the staking rewards provided by the positive rebase.

NIF Keeps holders safe by:

  • Avoiding flash crash through price stability
  • Achieving longterm sustainability and future growth of the Nabob Protocol
  • Greatly reducing downside risk
Last modified 3mo ago
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