Nuon is the world’s first true decentralized flatcoin — a stablecoin with a price peg that rises and falls with inflation rates, shielding holders against loss of value from inflation.

Current daily inflation levels are measured by Truflation, an independent inflation index oracle. Truflation calculates the Nuon peg daily and shares it with the Nuon protocol, which uses over-collateralization and arbitrage to maintain the peg while offsetting inflation for Nuon flatcoin holders.

Nuon can be minted within the Nuon Protocol by depositing approved cryptocurrency collateral. Presently, Nuon exclusively supports ETH as collateral, requiring a minimum collateral ratio of 130%. This guarantees over-collateralization for minted Nuon, maintaining a stable peg. As more collateral types are integrated, a dynamic collateral ratio will be implemented, tailored for each token.