Nectar (NEC) is a digital asset initially developed by Ethfinex to enhance liquidity on its platform. With Ethfinex's evolution into DeversiFi, a self-custodial exchange, NEC adapted to a new token economics model, NEC 2.0, aimed at supporting DeversiFi's decentralised community governance. NEC serves as a governance token within the DeversiFi ecosystem, allowing its holders to participate in community decisions and entitling them to a share of the fees collected on the Ethfinex platform. This reflects its role in facilitating platform liquidity and governance. The transition from Ethfinex to DeversiFi expanded NEC's utility to support the decentralised operation and governance of the exchange.
