Neptune Mutual provides you with guaranteed stablecoin liquidity to reduce your exposure to risk by hedging potential capital risks and smart contract vulnerabilities.
Contents:
Description of the project and its NEP token
The Neptune Mutual platform is exploring new possibilities for creating user-centric hedging products on the blockchain. By offering stablecoin-based coverage pools for precise risk management, the developers aim to bring a steady user base and growing liquidity to the platform.
The NEP token is used by the platform for both management and service purposes:
| 1. | Use NEP to place bets and create contracts and markets. |
| 2. | Burn to create contracts and markets. |
| 3. | Use NEP to vote for the future of the platform. |
| 4. | Block NEP for liquidity, protocol protection and additional rewards. |
| 5. | Keep NEPs in your wallet to buy and claim coverage. |
The Neptune Mutual platform harnesses the power of decentralization and acts in the best interest of the community. There is no system of dual or one-time tokens or continuous token supply. NEP Management Tokens are fixed and deflationary. The Neptune Mutual platform leverages the cheaper transactions and higher throughput of Binance Smart Chain, Polygon, Fantom and xDaiChain to provide you with a robust set of hedging features and functionality.
On the other hand, liquidity providers collectively earn the coverage fees, created in the pools. In addition, the platform also incentivizes users by “dumping” a certain amount of NEP tokens to early adopters on both sides.
What else should you know about Neptune Mutual?
At the moment, there is no White Paper on the site. The developers provide a description of the site on the main page, as well as the RoadMap. Also, an introductory document has been published.
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You can also leave your e-mail address on the site to receive a newsletter with project news. The smart contract has not been audited.