Cena Native Utility Token (NUT)

The NUT token is a utility token within the Equilibrium framework. It plays a crucial role in the on-chain governance and management of the framework. NUT token holders have the ability to vote on proposals to change the framework's parameters, such as global risk parameters and revenue allocation from the liquidity pool. They can also create proposals and participate in the decentralized autonomous management of the entire framework.

Additionally, the NUT token is used to incentivize certain actions within the framework. NUT holders can transfer their tokens to the Liquidator contract to buy out excess EOS collateral at a discounted rate. They can also transfer NUT to cover bad debt on the Liquidator contract, receiving EOS collateral at a discounted rate.

Furthermore, the Equilibrium framework uses the rates contract to calculate fees within the system, and the NUT utility token is involved in this process. Accurate market prices obtained from oracles, such as Oraclize, Delphi Oracle, and Liquid Apps oracles, are used to determine the value of collateral and calculate fees. The NUT token contributes to the accurate pricing and fee calculations within the Equilibrium framework.

Overall, the NUT token serves as a governance tool, an incentivization mechanism, and a component in fee calculations within the Equilibrium framework. It empowers token holders to participate in decision-making and actively contribute to the stability and management of the decentralized stablecoin ecosystem.