numa v3 white paper
  • đź‘‹Introduction
    • This is numa—
    • Summary
    • Beliefs & Values
    • Team & Advisors
  • ⚙️Mechanics
    • Overview
    • $NUMA Token
    • Vaults ❄️⚪️
    • $NUMA Price Movement
    • nuMoney Synthetics
    • Price Pegging
    • Natural Leverage
    • Native Borrowing & Leverage
    • Yield & LP Rewards
    • Zero-Slippage Trading
    • Protection Measures
    • Cross-Chain
  • 🗺️Strategy
    • Overview
    • Market Comparisons
    • Use Case
    • Roadmap
  • âť“Other
    • Contact
    • Disclaimer
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  1. Mechanics

Overview

How does it work?

Users buy $NUMA from an LP or mint $NUMA via a vault.

Users burn $NUMA tokens to mint nuMoney, such as $nuGOLD: burn $500 worth of $NUMA token to mint $500 of $nuGOLD.

The burned $NUMA serves as collateral for the minted nuMoney—backed a given LST: on-chain, decentralized, trustless, and permissionless.

Users can single-stake nuMoney synthetics to earn sustainable, real yield—powered by LSTs.

Users are able to trade directly between nuMoney synthetics—such as $nuUSD and $nuBTC and $nuGOLD—without slippage.

The $NUMA token represents a non-liquidatable, leveraged long on ETH.

Users can borrow the LST-backing of their $NUMA tokens or open leveraged long and short positions, interest-free.

nuMoney price pegs are maintained through a combination of transparent proof-of-reserves and free market arbitrage trading.

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Last updated 1 month ago

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