Nova Protocol
  • Nova Protocol Introduction
  • Protocol Design
    • Navigate the App
    • Overview
    • USDN Stablecoin
    • NPT Protocol Token and Staking
    • NPT Tokenomics
    • Vault Types
    • Redeeming against a vault
    • Peg Stability Module
    • Liquidations & Stability Pool
    • Governance and Immutability
    • Recovery Mode
    • Security
    • Smart Contracts
    • Community
    • Glossary
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Nova Protocol Introduction

NextNavigate the App

Last updated 18 days ago

Nova Protocol allows users to mint USDN, a stablecoin soft-pegged to the US dollar. USDN is minted on flexible terms and gives users instant access to the .

Head over to to start using Nova

Nova allows users to take out 0% interest loans for a one-time fee by depositing collateral for USDN. Users can take out a loan with USDN and deposit their collateral here:

Accepted collateral types include: ETH, tETH, SOL, ezSOL, jitoSOL, TIA and stTIA

Users are incentivized to keep their collateral-to-debt ratio above 110% to avoid liquidation. When an undercollateralized vault is liquidated, users who have deposited USDN in a stability pool are returned discounted collateral as a reward. USDN is always redeemable for its underlying value, but a fee ensures the protocol is impacted infrequently. Nova Protocol is based on .

Eclipse ecosystem
http://novaprotocol.finance/
http://novaprotocol.finance/borrow
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