# This is numa—

### What is the numa protocol?

1. $NUMA token: a non-liquidatable, leveraged-long on a given liquid-staking token that serves as collateral  
2. Lending & leverage: interest-free loans against the $NUMA token and native

   leveraged short and long positions
3. Synthetics & yield: burn $NUMA to mint on-chain synthetics and earn real,

   sustainable yield $nuUSD, $nuGOLD, $nuBTC, and more!
4. Zero-slippage trading: trade between nuMoney synthetics without slippage

## Abstract

✔️ numa brings real-world assets to the blockchain, minting synthetics on various blockchains.

✔️ numa utilizes burn and mint tokenomics to collateralize synthetics on-chain and remove custodians.

✔️ $NUMA tokens are backed by our LST vaults—[the collateral snowball](https://numa-1.gitbook.io/numa-v3-white-paper/mechanics/vaults). 

✔️ $NUMA tokens provide non-liquidatable, natural leveraged exposure to a given LST.

✔️ numa utilizes liquid-staking tokens to pay yield on real-world assets that otherwise wouldn't earn yield.

✔️ numa provides zero-slippage trading through its synthetic swaps.

✔️ numa provides native, interest-free lending & leverage on the $NUMA token. 

✔️ numa is the backend network for permisionless consumer-facing payments, trades, forex, and more. <br>

*NOTE: This white paper is a living document whose contents may be modified.*