NervosDAO, as a system smart contract of Nervos, is one of the important highlights of the CKB tokenomics. Holders can deposit CKB into NervosDAO at any time to earn yield. However, NervosDAO is essentially a fixed term deposit with a minimum deposit period, which results in a liquidity shortage of CKB.
dCKB, a tokenized alternative, is introduced by NexisDAO regarding the liquidity shortage. Users deposit CKB into NervosDAO and mint exact amount of dCKB. In this way, users can achieve mobilization of capital by earning CKB's fixed-rate interests without locking the entire liquidity of CKB, as dCKB can be traded, collateralized and transferred again. And of course, users can burn dCKB to withdraw their deposits from NervosDAO without incurring any fees for intermediary.