Nuon is the world’s first true decentralized flatcoin — a stablecoin with a price peg that rises and falls with inflation rates, shielding holders against loss of value from inflation.
Current daily inflation levels are measured by Truflation, an independent inflation index oracle. Truflation calculates the Nuon peg daily and shares it with the Nuon protocol, which uses over-collateralization and arbitrage to maintain the peg while offsetting inflation for Nuon flatcoin holders.
Nuon can be minted on the Nuon Protocol by depositing cryptocurrency collateral — accepted tokens include ETH, BTC, AVAX, BUSD, USDC and USDT. Nuon loans feature double-audited, open-source smart contracts, insured deposits and a zero percent interest rate for borrowers’ peace of mind. Additionally, minted Nuon is always over-collateralized to ensure the peg is stable.
Nuon can also be purchased directly from exchanges. This offers anybody a quick way to hedge against inflation without having to go through the process of collateralization. This avenue is best suited to retail users , leaving the minting of fresh Nuon primarily to market makers and arbitrageurs.
