Nova Protocol | Eclipse's Native Stablecoin (@novaoneclipse) 's Twitter Profile
Nova Protocol | Eclipse's Native Stablecoin

@novaoneclipse

USDN is the native decentralized stablecoin of @EclipseFND. Discord: discord.gg/ntqKvmw7zA

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linkhttps://novaprotocol.finance calendar_today25-10-2023 14:27:13

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Nova Protocol | Eclipse's Native Stablecoin (@novaoneclipse) 's Twitter Profile Photo

Need maximum bang for your collateral buck? Nova Protocol offers up to 90.9% Loan-to-Value (LTV) when borrowing $USDN. More liquidity, same collateral, 0% interest. GSVM

Nova Protocol | Eclipse's Native Stablecoin (@novaoneclipse) 's Twitter Profile Photo

USDN is Eclipse’s native decentralized stablecoin. No central issuer, no fiat reserves. Minted by users, backed by $ETH, $SOL, $TIA and more. It embodies the true spirit of DeFi. Censorship-resistant and permissionless.

Nova Protocol | Eclipse's Native Stablecoin (@novaoneclipse) 's Twitter Profile Photo

Nova Protocol 101 1️⃣ Deposit your assets $ETH, $tETH, $SOL, $ezSOL, $TIA, $stTIA 2️⃣ Open a Vault at 110%+ CR 3️⃣ Borrow USDN at 0% interest 4️⃣ Provide USDN to the Stability Pool → earn liquidated collateral + NPT rewards 5️⃣ Stake NPT → earn protocol revenue All on Eclipse (🐮,🌑)

Nova Protocol | Eclipse's Native Stablecoin (@novaoneclipse) 's Twitter Profile Photo

USDN is the native stablecoin of Eclipse. ✓ Fully decentralized by design ✓ Over-collateralized by ETH, SOL & TIA ✓ Zero interest loans, always GSVM, your stablecoin is here.

Nova Protocol | Eclipse's Native Stablecoin (@novaoneclipse) 's Twitter Profile Photo

Recovery Mode activates when a collateral's ratio falls below 150% : - Temporarily raises min. CR to 150% for new vaults - Existing vaults under 150% can be liquidated - Automatically deactivates when system recovers to above 150% Safety by design.

Nova Protocol | Eclipse's Native Stablecoin (@novaoneclipse) 's Twitter Profile Photo

USDN is a stablecoin that works for you. Deposit into the Stability Pool to: ✓ Buy discounted collateral during liquidations ✓ Earn NPT rewards ✓ Secure the protocol from bad debt Your stability, your rewards, your protection.

Nova Protocol | Eclipse's Native Stablecoin (@novaoneclipse) 's Twitter Profile Photo

Nova liquidation rules made simple: 1. Your vault < 110% CR = Liquidation possible 2. System-wide ETH drops below 150% CR = Recovery Mode activated 3. Now, all ETH vaults under 150% CR = Eligible for liquidation Built-in safety at every level. Eclipse engineering.