Introduction
Tokenized Synthetics protocol for on-chain price exposure to real-world tokenized fractional assets -- accessible to all.
NEPRI TFA (Tokenized Fractional Asset) is a DeFi protocol powered by smart contracts that enables the creation of synthetic assets called Tokenized Assets (tAssets). tAssets will mimic the price behavior of real-world assets and give traders anywhere in the world open access to price exposure without the burdens of owning or transacting real assets.
The minting of tAssets will be decentralized and will be undertaken by users throughout the network by opening a position and depositing collateral. NEPRIDAO will ensure that there is always sufficient collateral within the protocol to cover tAssets, and also manage markets for tAssets by listing them on DEX against nYUSD.
It will be governed by NEPT, the governance and utility token of NEPRI TFA. The NEPRI TFA Token (NEPT) will be minted by the protocol and distributed as a reward to reinforce behavior that secures the ecosystem. With it, NEPRIDAO ensures liquid tAsset markets by rewarding NEPT to users who stake NEPT Tokens obtained through providing liquidity. NEPT will be valuable as it is can be staked to receive voting privileges and to earn a share of the protocol's CDP withdrawal fees. NEPRI TFA is a project developed and steered by its community: its markets are maintained by its own users through NEPT incentives, and the protocol evolves with new ideas through democratic governance.
A new protocol for synthetic tokenized asset creation - NEPRI TFA synthesizes the primary innovations of DeFi – including Automated Market Makers (AMMs), oracles, stablecoins, and liquidity mining – to enable permissionless minting and trading of traditional assets. NEPRI is uniquely positioned as a capital efficient system using stablecoins, reducing collateralization requirements to only 120%, a vast improvement over comparable systems which are typically collateralized upwards of 400-500%.
Last modified 10mo ago