Neptune Mutual

Neptune Mutual platform explores new avenues to creating user-centric hedging products on the blockchain. By offering stablecoin-based cover pools for accurate risk management, we aim to attract a steady userbase and growing liquidity to the platform.

he Neptune Mutual Cover Protocol is in the early development stage. Just like any other blockchain projects, there is a high likelihood of failure. Assess your risk exposure to NPM and cryptocurrencies in general and do not consider the tokens as an investment instrument. The only reason you may want to get NPM tokens is to use the tokens in the protocol, which is not ready yet. We have not performed any ICO, IDO, IEO, or public sale. Do not fall victim to the scammers who want to sell fake NEP/NPM tokens to you.

• Governance: Voting rights.
• Staking NPM tokens to provide liquidity and earning rewards
• Staking NPM tokens to become coverage reporter
• Staking NPM tokens to create a new coverage market

• Foreign assets farmed under NPM pool will be used to purchase NPMs which will then be burned.
• Creating a new coverage pool requires you to burn 1000 NPM tokens. Coverage creators will earn a small portion of the coverage fees collected in DAI/USDC/BUSD or ETH/BNB/MATIC.
• 4000 NPM tokens must be staked when creating a coverage pool. The higher your stake, the more visibility your coverage will get in the market.
• Coverage pools are available in stablecoins. We deduct 6.5% of the coverage fee or coverage claim in the stablecoins. The acquired stablecoins will be used to purchase NPM tokens in a decentralized exchange and then immediately burned in a single transaction.
• Providing liquidity to a coverage pool requires you to stake 250 NPM or higher.

The NPM token is used by the platform for both governance and utility purposes.

Use NPM to stake and create contracts and markets

Burn NPM to create contracts and markets

Use NPM to vote in the governance of the platform’s future

Lock NPM to provide liquidity, secure the protocol, and yield additional rewards

Hold NPM in your wallet to purchase and claim coverage

1. Zero Risk : Say goodbye to denied claims assessment.
2. 100%+ MCR : There is always enough liquidity to pay all cover policyholders.
3. Dedicated Cover Pools : A hack on one project will not affect cover for another.
4. Stablecoin Liquidity : NPM token price won't affect cover pool liquidity.

1. Receive Rewards : Get cover fee paid by cover policyholders.
2. POD Staking : Add your Proof Of Deposits (PODs) tokens to get native tokens of the cover creator.
3. Flash Loan Income : Income received from flash loan lendings gets added to the pool.
4. Lending Income : The protocol supplies a small part of the assets that are in excess of the minimum capital requirement to lending protocols.

1. Capital Efficiency : Crowdfund your investor protection fund.
2. Your Confident, Protected Community : Build your own dedicated cover protection community within your ecosystem.
3. Personalized Rewards : Reward your cover protection community with your native tokens.
4. Protect your Funding Community : Reassurance cover for liquidity pools is available to lower the risk for liquidity providers.