Users can manufacture $ NUON flatcoins on Nuon Finance, a secure and open DeFi system, to protect themselves from inflation and to profit from arbitrage opportunities.
What is a flatcoin called Nuon ?
As a stablecoin with a price peg that fluctuates in line with inflation rates to protect holders from inflation-related value loss, Nuon is the first truly decentralized flatcoin in history.
An independent inflation index oracle called Truflation measures the current daily rates of inflation. Every day, Truflation determines the Nuon peg and shares it with the Nuon protocol, using arbitrage and over-collateralization to keep the peg in place while compensating Nuon flatcoin holders for inflation.
Through the Nuon Protocol, Nuon can be created by depositing authorized cryptocurrency collateral. By ensuring over-collateralization for coined Nuon, this keeps the peg steady. A flexible collateral ratio customized for each token will be put into place as more collateral kinds are incorporated.
For the peace of mind of borrowers, Nuon loans come with open-source, audited automated agreements and a zero percent interest rate. In addition, to guarantee the stability of the peg, minted Nuon is consistently over-collateralized.
Additionally, exchangers sell Nuon directly to customers. Anyone can take advantage of this quick and easy inflation hedge without having to go over the collateralization process. Retail users are best served by this route, leaving market makers and arbitrators mostly in charge of minting fresh Nuon.
For what reason, Nuon ?
The Inflation Hedge
Nuon flatcoins allow customers to keep all of the collateral’s market value while still preserving their purchasing power. Nuon stablecoins are always overcollateralized, but fiat-pegged stablecoin holders are losing money to inflation. To take advantage of Nuon’s inflation protection, you can purchase it off the market.
No Interest
By depositing cryptocurrency assets at your selected collateral ratio (CR), which cannot be less than a smart contract minimum, you may borrow Nuon interest-free. Every asset has a different liquidity ratio that is determined. Then, depending on a daily adjustment for inflation and the discrepancy between the target and the market peg of Nuon flatcoins, it is dynamically updated.
Secure and safe
A trustworthy flatcoin: In order to provide audits (smart contracts) and instantaneously transparency on users’ deposited collateral, Nuon will collaborate with reputable DeFi auditors. This will add another layer of asset protection against bear markets, rogue actors, and cryptocurrency volatility.
Safety Protocols
Nuon smart contracts undergo extensive testing and auditing by CoinFabrik, a licensed smart contract security auditor that has audited Algorand in the past.
The self-governing algorithms of the open-source Nuon protocol are a part of an EVM-compatible, open-source environment that facilitates the development of third-party apps and services, hence enhancing the ecosystem as a whole.
Decentralized and Unaffected by Censorship
Through a “Boardroom” governance structure of proposals, debates, and voting, a decentralized community of nuMINT control token holders will oversee many modifiable aspects of the protocol and the overall course of the Nuon platform.
MINT
Provide collateral to mint Nuon to be used as protection on other DeFi protocols, in yield-generating schemes, and in liquidity pools.Compared to stablecoins based on fiat, the ecosystem is more capital-efficient as its price rises in line with inflation.
BUY
To benefit from Nuon’s ability to hedge against inflation without requiring a collateral deposit, purchase Nuon on well-known exchanges.
HEDGE
Invest in Nuon flatcoins as a hedge against inflation in USD.
FARM
By investing Nuon on other DeFi exchanges and liquidity pools, as well as through automatic liquidity pools on each Nuon minted, you can earn extra benefits.
ARBITRAGE
Make use of the slight variations in the peg chances to engage in Nuon price speculation.