Description
Nuon is a decentralized, inflation-protected stablecoin that allocates funds to price-neutral DeFi strategies (via protocols like Morpho, Curve, IPOR, and Aave) to generate yield while maintaining a buffer for instant redemptions. Nuon holders are paid yield first, with the remainder distributed among Nuon stakers, MaxCap stakers, the protocol reserves, and protocol costs and fees. The protocol is protected by three layers of risk coverage: accountable stewards who curate yield strategies, a Reserve of inflation-linked real-world assets, and MaxCap stakers who absorb remaining deficits. The MAXCAP token allows holders to stake and act as stewards of the protocol, voting on and vetoing risky strategy proposals, aligning their incentives with the protocol's security. Nuon serves DeFi users seeking to protect against inflation and preserve purchasing power, as well as stakers and stewards participating in protocol governance and risk management.