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How does $NUMA compare to $LUNA? π±
Like Luna, numa employs a burn & mint mechanism to mint synthetics, on-chain. However, the numa protocol can mint any asset with a price feed, such as #RWAs, not just stablecoins.
Unlike Luna, the numa protocol can pay sustainable yield through LST rewards. Numa also pays sustainable yield on LP stakers through vault fees.
Most importantlyβnuma guards against the death spiral! Every $NUMA token in circulation is backed by rETH at the current market price. So, in the event of panic selling, the rETH-backing of each token will actually go UP in value, instead of down. The depegging of a nu money synthetic leads to the minting or burning of $NUMA through the vault, so that the collateral position of the protocol actually increases.
We call this the collateral snowball βοΈβͺοΈ
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We have seen a huge boom in SOL and this could be the project that explodes the most
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$Numa
Uses burn & mint tokenomics, backed by liquid staked ETH (rETH). You earn a sustainable, real yield on your real world assets
>Non-custodial & collateralised on-chain
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BaseCat Buy!
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