The NexisDAO is an open-source decentralized autonomous organization running on Nervos Network. The project runs a stable currency system called the Nexis protocol which allows users to provide approved assets as collateral to generate the TAI stablecoin.

Users can also allows the minting of dCKB tokens, which are created by locking an equal amount CKBytes into the Nervos DAO. Normally, using the Nervos DAO locks CKBytes so they cannot be used elsewhere while gaining interest. The mining of dCKB tokens allows for some usage to occur in DeFi while the original CKBytes continue to accrue interest in the Nervos DAO.

Note: NexisDAO is build on the Nervos Network by the NexisDAO team, who is not affiliated with the Nervos Foundation.

Further Reading: