Nucleon serves as a liquid staking platform for the Conflux PoS network, supported by prominent staking providers. It enables users to stake CFX without locking up their assets or managing technical infrastructure.

The project aims to address issues such as illiquidity, immovability, and accessibility in Conflux PoS staking. By making staked CFX liquid and allowing participation with any amount of CFX, Nucleon seeks to enhance the security of the Conflux network.

The system operates on a two-token model consisting of xCFX and NUT:

• xCFX is an interest-bearing ERC20 token that reflects CFX staked in Nucleon’s PoS pool along with the CFX interest accumulated over time. There is a single type of xCFX with an algorithmically determined, uncapped supply, and it will be tradeable.

• NUT acts as the governance token for Nucleon, which can be staked to cast votes and increase staking interest rewards. The project team defines NUT token allocations, and the token will be tradeable on secondary markets. Its supply is capped and will be tradeable.

Nucleon offers several tools:

• Stake and unstake CFX

• Users can generate LP tokens via Swappi, which can then be staked on Nucleon to earn NUT tokens.

• Stake and unstake xCFX / CFX LP tokens

• Stake NUT/CFX LP tokens to receive additional NUT rewards

Nucleon activated its mainnet on January 31, 2023, establishing a total supply of 300,000. This amount is scheduled to be distributed across a 4 year period according to these allocations: Team 10%, Marketing 10%, Treasury 20%, and LP 60%.

The Nucleon Protocol was incubated by the Conflux Foundation and brought to market by a team described as hardcore Star Trek fans.