nYUSD
An ultimate form of money
nYUSD - The stablecoin that earns a yield while it’s in your wallet based on a Tokenized Risk Protocol. A stablecoin earning yield based on a fluctuation derivative protocol for hedging yield sensitivity and market price.
NEPRIDAO Protocol will target a 30% fixed annual yield on its stablecoin nYUSD — the highest fixed stablecoin rate to date.
NEPRIDAO, with its low-volatility savings protocol, aims to achieve this 30% rate bypassing borrowers’ staking rewards onto lenders, instead of charging a borrowing rate. The borrowing cost equals the lost staking rewards.
In order to properly incentivize borrowing, NEPRI Finance will set up a NEP reward token emission algorithm whereby tokens over the target yield will be reserved as excess funds to later be distributed to borrowers when rewards would typically not hit target yields.
By recalibrating rewards to push demand, NEPRI Finance hopes to achieve a stable equilibrium.
Today, we’re taking a bold step forward in pushing DeFi (Decentralized Finance) to the masses. We’re building the NEPRI Yield Dollar (nYUSD), a superior stablecoin. nYUSD will automatically earn competitive yields from DeFi protocols while it’s still sitting in your wallet, based on a fluctuation derivative protocol for hedging yield sensitivity and market price. We are tokenizing risk & reward using "proof of liquidity" that allows users to move in & out of risk in a trustless + permissionless way
Because of nYUSD’s novel design, no staking or lockups will be required to participate in lucrative DeFi strategies. Similarly, you won’t need to unstake or unlock your nYUSD when you want to transfer it to another wallet. Both will save you gas fees and makes it much more convenient to switch between earning and spending. Your earnings will compound continuously and be reflected in your ever-increasing nYUSD balance, while still being available for payments, commerce, and peer-to-peer transactions.
Block by block, second by second, nYUSD will grow passively for you without requiring you to use other platforms. Both sophisticated DeFi experts and novice users will passively earn returns without the typical hassles and complexities of yield farming.
We believe having a reliable and desirable stablecoin that leverages the best parts of DeFi while enabling buyers and sellers to transact seamlessly will accelerate the growth of DeFi industry.
nYUSD aims to allow users to access varying levels of risk and return within DeFi via tranches. DeFi-specific tranched products could help mitigate risks such as market volatility, impermanent loss, DAI falling off its peg, and flash loan attacks.
Senior tranches carry the least risk and offer lower returns. Junior tranches carry the most risk and offer higher returns. Mezzanine tranches sit somewhere in the middle.
nYUSD will offer risk-averse investors to participate in yield farming and cryptocurrency investment with minimized risk. Simultaneously, it will also allow investors seeking higher yields to obtain exposure to riskier financial products.
- 1.1 nYUSD = 1 USD
- 1.1:1 backed by other proven Centralized and Decentralized stablecoins (DAI, USDC, USDT, UST, TUSD, BUSD, USDP, FEI, USDN, FRAX, & HUSD)
- 2.Generates yield by deploying the underlying assets to a diversified set of DeFi protocols and based on a fluctuation derivative protocol for hedging yield sensitivity and market price.
- 3.Elastic supply constantly distributes additional units of nYUSD to holders
- 4.100% open-source, on-chain, and permissionless
With nYUSD, there’s no need to unwind complicated positions when you want to spend your nYUSD. You can transfer it freely without having to pay gas to unlock spendable capital. In addition, nYUSD gives you access to compelling opportunities across DeFi with none of the hassles with Interest rate volatility risk mitigation using debt-based derivatives, Market Price Exposure Risk Mitigation using tranched volatility derivatives.
The nYUSD smart contracts deploy your underlying capital to a diversified set of yield-earning strategies, rebalancing over time to achieve strong yields while diversifying risk, you have access to dynamic exposure by selecting customized risk and return profiles. Earnings automatically accrue in your wallet and compound continuously while you hold nYUSD. Again, no staking or lockups are required, making your nYUSD as easy to transfer as any other ERC-20 token. nYUSD also serves as an ideal unit of account. DeFi investors no longer need complicated spreadsheets to calculate their earnings as they can easily see their constantly updated nYUSD balances in real-time.
This is all possible because nYUSD works differently than most ERC-20 tokens. Instead of the price increasing as the value of the assets under management increase, the value of one nYUSD remains constant at $1. Instead, our smart contracts increase the monetary supply of nYUSD when yield is earned by the protocol. This automatically updates the balance in every token holder’s wallet in real-time. Again, every nYUSD is backed by another stablecoin deposited or earned by the protocol.
We will be focused on the following strategies:
- Lending fees
- Automated market maker fees
- Rewards tokens provided by the above and new DeFi protocols
- NEPRIV - a fluctuation derivative protocol focusing on tranching default risk and smart contract risk
- AutoYield, the Hyper-optimised cross-chain yield aggregator — AutoYield is a yield farming aggregator that will be running on both Solana, Avalanche, Ethereum, Fantom, Polkadot, Binance Smart Chain (BSC), Fantom, Cardano, Huobi ECO chain (HECO), Kusama, Cosmos Blockchain, and other layer-2 scaling solutions. The DApp (Decentralised Application) is designed with the purpose of optimising DeFi (Decentralised Finance) users yields. It has the goal of optimising DeFi users’ yield farming at the lowest possible cost.AutoYield is a yield optimizer application focused on providing DeFi users with auto-compounded yields at empirical optimal intervals, whilst pooling gas costs through battle-tested smart contract code and best-in-class yield optimizing strategies. AutoYield will use a proprietary dynamic harvesting optimizer to enable the highest APYs on our vaults.“Only the best yields, automatically.”
- Lucra Protocol - Lucra is a savings protocol offering low-volatile yields on NEPRI Yield USD (nYUSD) stablecoin deposits. The Lucra rate is powered by a diversified stream of staking rewards from major proof-of-stake blockchains, and therefore can be expected to be much more stable than money market interest rates. We believe that a stable, reliable source of yield in Lucra has the opportunity to become the reference interest rate in crypto.The Lucra protocol defines a money market between a lender, looking to earn stable yields on their stablecoins, and a borrower, looking to borrow stablecoins on stakeable assets. To borrow stablecoins, the borrower locks up lended Assets (lAssets) as collateral, and borrows stablecoins below the protocol-defined LTV ratio. The diversified stream of staking rewards accruing to the global pool of collateral then gets converted to stablecoin, and then conferred to the lender in the form of a stable yield.
All the earnings, none of the hassles
DeFi yields will be automatically converted to nYUSD and accrue in your wallet. Your nYUSD balance compounds multiple times per day. No staking or lock-ups are required.
Spend your nYUSD with ease
There's no need to unwind complicated positions when you want to spend your nYUSD. Transfer nYUSD without having to unstake or unlock capital.
You always have full control
You will be able to store and earn nYUSD with non-custodial wallets. You will be able to enter and exit nYUSD whenever you want. There will be no minimum holding period or minimum nYUSD amount required to earn yields.
Last modified 10mo ago