Nuon is a decentralized, non-custodial stablecoin backed by yield-bearing assets and tokenized RWAs. It's the first stablecoin with built-in insurance and decentralized stewardship. It's designed for safety and ease of use.

Nuon Stablecoin Overview

Nuon is a decentralized, non-custodial stablecoin designed to hedge against inflation and money devaluation by streaming liquid yields directly to users' wallets. Pegged 1:1 to USD, Nuon accrues yields based on real-world inflation data provided by Truflation's CPI feed.

Key Features

• Fully liquid and non-custodial

• Capital-safe exposure to DeFi yields without active management

• Automatic yield distribution using Chainlink oracles and positive rebasing

• Built-in safeguards to mitigate economic, market, and protocol risks

Nuon is deployed on the Base blockchain (an Ethereum L2) for reduced transaction costs and high scalability. Users can mint, hold, stake, or wrap Nuon for different risk/yield preferences.

MaxCap (Strategy Token) Overview

Formerly referred to as the "strategy token," MaxCap (MAXCAP) is the governance and yield strategy token of the Nuon protocol. It represents the risk-bearing layer of the ecosystem and is designed for advanced DeFi users.

MaxCap stakers gain access to voting on protocol asset allocations for a share of portfolio excess yields but also serve as the first line of consumer protection and protocol insurance for the Nuon stablecoin holders in case of a liquidity crunch.

MaxCap Governance Model

• Veto-based lightweight governance

• Proposals are automatically approved unless vetoed by 2% of voting power

• Staked MaxCap allocates USDC to specific strategy vaults

MaxCap holders, known as Stewards, are incentivized to make informed allocation decisions. Their performance affects both their rewards and their staked capital in case of poor outcomes.

Bridging to Base Overview

Base (blockchain L2)

Base is an L2 chain built on EVM (Ethereum Virtual Machine) that offers ultra-low fees and high scalability, coupled with fast deployment. Nuon has been launched on Base to position itself for wide and inexpensive adoption.

Bridging USDC and ETH to Base

Nuon is currently live on the Base. To interact with Nuon, users must bridge USDC and ETH to Base.

Requirements

• ERC-20 compatible wallet (e.g., MetaMask)

• USDC for minting Nuon

• ETH for gas fees

Bridging Tools

• Superbridge

• XSwap

Ensure both assets are visible in your wallet and the network is set to Base. To see Nuon in your wallet, you need to add the custom token using the token contract.

Minting Nuon Documentation

How to mint Nuon

Steps to Mint

1. Bridge USDC and ETH to Base.

3. Choose the amount of USDC you want to deposit.

5. Press "Get Nuon."

6. Follow the instructions in your wallet to convert USDC → NUON.

Why to mint Nuon

Holding Nuon in a non-custodial wallet provides users with liquid yields in Nuon. Extra Nuon equal to current inflation as measured by Truflation CPI is rebased, in real-time, into Nuon holders' wallets.

Inflation Yield

When holding Nuon, yields are automatically deposited into wallets holding Nuon*:

• Rebase mechanism increases the Nuon balance automatically.

• Yield rate corresponds to real-world inflation (~2–3%) as measured by Truflation CPI.

• Yields are rebased in real time.

• No yield is applied during deflation (i.e., yield only occurs when inflation > 0).

*When staked, Nuon is deposited into the stake for compounding effects.

**During the unbonding time, yields are not accrued.

Core Nuon Smart Contracts

Nuon Stablecoin

Ticker: NUON

Network: Base

Contract: 0x843AFb8f37f897b4F9c7967674f76e3EECFCE100

Basescan: https://basescan.org/token/0x843AFb8f37f897b4F9c7967674f76e3EECFCE100

MaxCap Token

Ticker: MAXCAP

Network: Base

Contract: 0x376113E9d22456Ff2e93f7dC8F682753B508E0Ab

Basescan: https://basescan.org/address/0x376113E9d22456Ff2e93f7dC8F682753B508E0Ab

Wrapped Nuon

Ticker: WNUON

Network: Base

Contract: 0xd8962C24c6f419219c09Cd3c171391E524bebCDe

Basescan: https://basescan.org/address/0xd8962C24c6f419219c09Cd3c171391E524bebCDe

Staked Nuon

Network: Base

Contract: 0xd5369993f46A60531B91507e495E2Fff2dA66e7D

Basescan: https://basescan.org/address/0xd5369993f46A60531B91507e495E2Fff2dA66e7D

Governance

Network: Base

Contract: 0x528c319C8D7A4f9656028A451bE1403664035f1a

Basescan: https://basescan.org/address/0x528c319C8D7A4f9656028A451bE1403664035f1a

Treasury

Network: Base

Contract: 0x7ec5d62D42bc6dc03E87630eC19AfdC61c7e9061

Basescan: https://basescan.org/address/0x7ec5d62D42bc6dc03E87630eC19AfdC61c7e9061

Ambassador Campaign

Ongoing, with weekly sprints with rewards in USDC. Submit an application for Nuon's Ambassador Program.

Zealy Quest Campaign

Ongoing, with weekly sprints with rewards in liquid Nuon. Go to Nuon Zealy Questboard

Other Campaigns

We run raffles and random engagement giveaways on our X and Spaces and with some of our partners, so follow us on X and Telegram to stay up to date with all the reward opportunities.

MaxCap Airdrops

We plan community airdrops to our and partner communities. Subscribe to our blog email list for the most up-to-date announcements about Airdrops.

Staking Nuon Documentation

Why Stake Nuon

Staking Nuon offers an additional share of protocol rewards and early access to MaxCap tokens distribution in exchange for higher protocol risks.

Risks of staking Nuon

Staking Nuon comes with risk to staking rewards and the staked capital. Nuon stakers are one of the three layers of defense for the protocol and consumer protection of the Nuon holders. In case of hacks, vulnerabilities, or major economic or market movements that cause serious liquidity depletion in the protocol, staked Nuon TVL may be liquidated to enable exit for the protected Nuon holders.

How to stake Nuon

Staking Mechanics

• Required minimum: 1,000 Nuon (during the Guarded Launch, normally no minimum)

• Rewards: MaxCap tokens

• APY: Estimated ~9%–40% depending on launch phase and TVL (~1500% currently during the Guarded Launch, based on the MaxCap token distribution)

• Unbonding Period: 7 days during Guarded Launch (normally 21 days)

• Token rewards are claimable after TGE and subject to lockups and vesting schedules for the safety of the protocol.

Inflation yield while staking Nuon

• Staked Nuon still earns an inflation yield in Nuon via rebase

• The inflation yields accrue with the staked Nuon

• During the unstaking period, no yields or awards are accrued

Main Nuon Logo

Main Nuon Logo with Text

Alternative Nuon Logos with Text

Nuon Favicon

3D Graphics

Nuon Co-Founders

Security Audits Overview

Completed Security Audits

Maintaining the security and reliability of our smart contracts is a top priority. All of the Nuon smart contracts have been thoroughly audited by a blockchain-hacker security firm.

Security issues with critical, high, and medium risk levels have all been fixed as of Feb 19, 2025. Issues with a low risk level have either been fixed or acknowledged.

Ongoing Security Audits

We are currently performing a secondary security audit with a soon-to-be-disclosed firm.

Other Security Initiatives

We are currently running a Bug Bounty program for our smart contract security.

Risk Curator Program Documentation

The Risk Curator Program is a governance initiative designed to bring experienced DeFi strategists into the Nuon portfolio management process. Risk Curators are responsible for assessing protocol-level risks of DeFi assets and shaping yield strategies that improve Nuon's long-term stability and sustainability.

Purpose

The program selects and assigns governance responsibilities to a group of highly qualified Risk Curators. These individuals play a critical role in evaluating asset allocation proposals and vaults and helping the protocol navigate complex DeFi environments in exchange for an additional share of rewards.

Token Allocation

• Total Allocation: 2% of the MaxCap token supply is reserved for the Risk Curator Program.

• Participation Cap: Limited to 10 curators to ensure focused, high-quality input.

• Token Lock: Curators receive locked tokens with full voting power for a duration of 1 year.

This structure ensures long-term alignment and active participation from highly capable portfolio and risk managers.

Participation Requirements

Risk Curators are expected to:

• Engage in major governance discussions.

• Actively follow and vote on proposed asset allocations.

• Provide expert advice on asset allocations and risk parameters.

Selection Criteria

Risk Curators are selected through a rigorous evaluation process. Candidates are assessed based on:

• Demonstrated expertise in DeFi risk and strategy.

• Public thought leadership (e.g., high-quality contributions on platforms like Twitter).

• Direct interviews with the Nuon team to evaluate alignment and insight.

Only individuals with a proven track record and clear understanding of protocol-level risks are invited to participate.

Summary

The Risk Curator Program is a foundational component of Nuon’s governance model. By incorporating seasoned DeFi professionals into critical decision-making, Nuon aims to maintain a secure, scalable, and sustainable protocol.

Nuon Bug Bounty Overview

This bounty is reserved for seasoned Solidity developers. If you identify a bug in the Solidity code or see issues while interacting with Nuon’s smart contracts, please report it using our official bug report form or email contact.

• Submit a Bug Report Form

• Or email us at [email protected]

Rewards

Rewards are based on impact, likelihood, and reproducibility. All payouts are at the discretion of the Nuon core team and are paid in USDC or equivalent upon verification.

Responsible Disclosure

Please do not publicly disclose any vulnerability before it has been reviewed and resolved by the Nuon team. Exploiting a vulnerability before reporting it may disqualify you from the bounty program and lead to legal consequences.

Reporting Checklist

When submitting a report, please include the following details where possible:

Version or Network

• App version or commit hash (if known)

Expected Behavior

• What should have happened

Actual Behavior

• What actually occurred

Steps to Reproduce

• Clear, numbered steps so we can replicate the issue

Additional Context

• Logs, configurations, or other relevant notes (text preferred over screenshots)

🔗 Related Links

• Nuon Github: coming soon

• Nuon App: https://app.nuon.fi

• Nuon Dashboard: https://nuon.fi

• Bug Report Form: https://tally.so/r/nrY1X2

• Support Email: [email protected]

Token Release Documentation

Token Lifecycle Events: TGE, Token Sale, and DEX Listing

To avoid confusion, the Nuon documentation defines the terminology we use to describe key lifecycle events related to the MaxCap token.

TGE (Token Generation Event)

• Definition: The moment when MaxCap tokens are technically deployed to the blockchain.

• Timing: Internally complete once the token contract is deployed.

• Access: Users typically do not receive or interact with tokens at this stage.

Token Sale

• Definition: The event where users can purchase MaxCap tokens via public launchpads, a Dutch auction, or private sale rounds.

• Access: Users may commit capital during the sale but might not receive tokens immediately.

DEX Listing (Public Launch)

• Definition: The point at which MaxCap becomes publicly tradable on decentralized exchanges (DEXs).

• Timing: Occurs after the Token Sale concludes.

• Preferred Term: Going forward, we'll use "DEX Listing" or "Public Launch" interchangeably when referring to tokens becoming accessible to the general public.

Owner and Data Controller

Nuon Finance

Contact email: [email protected]

Types of Data We Collect

We collect minimal personal data necessary for the operation of our decentralized application:

• Wallet addresses

• Transaction data on the blockchain

• Smart contract interaction data

• Usage data (anonymized)

Personal Data may be freely provided by the User or, in the case of Usage Data, collected automatically when using this Application.

Any use of Cookies – or of other tracking tools — by this Application serves the purpose of providing the Service required by the User, in addition to any other purposes described in the present document.

Mode and Place of Processing the Data

Methods of Processing

The Owner takes appropriate security measures to prevent unauthorized access, disclosure, modification, or unauthorized destruction of the Data.

The Data processing is carried out using computers and/or IT-enabled tools, following organizational procedures and modes strictly related to the purposes indicated.

Place

The Data is processed at the Owner's operating offices and in any other places where the parties involved in the processing are located.

Depending on the User's location, data transfers may involve transferring the User's Data to a country other than their own.

Retention Time

Personal Data shall be processed and stored for as long as required by the purpose they have been collected and may be retained for longer due to applicable legal obligations or based on the Users' consent.

The Rights of Users

Users may exercise certain rights regarding their Data processed by the Owner.

Users have the right to:

• Withdraw their consent at any time. Users have the right to withdraw consent where they have previously given their consent to the processing of their Personal Data.

• Access their Data. Users have the right to learn if Data is being processed by the Owner, obtain disclosure regarding certain aspects of the processing, and obtain a copy of the Data undergoing processing.

• Verify and seek rectification. Users have the right to verify the accuracy of their Data and ask for it to be updated or corrected.

• Restrict the processing of their Data. Users have the right to restrict the processing of their Data. In this case, the Owner will not process their Data for any purpose other than storing it.

• Have their Personal Data deleted or otherwise removed. Users have the right to obtain the erasure of their Data from the Owner.

Changes to This Privacy Policy

The Owner reserves the right to make changes to this privacy policy at any time by notifying its Users on this page and possibly within this Application. It is strongly recommended to check this page often, referring to the date of the last modification listed at the bottom.

Should the changes affect processing activities performed on the basis of the User's consent, the Owner shall collect new consent from the User, where required.

Last updated: February 2025

Nuon Guarded Launch Documentation

What is Guarded Launch

The Guarded Launch is a controlled initial deployment of the Nuon v2 protocol and MaxCap tokens. This limited token release event allows users to mint and stake the Nuon v2 stablecoin (NUON) in exchange for MaxCap at competitive APYs. The phased launch helps ensure protocol stability and security before full deployment.

Key Details

• Guarded Launch: February 2025 - April 2025

• Token Generation Event (TGE): Expected in April 2025

• MaxCap Token Supply: 100 million total MaxCap tokens

• Staking Rewards Allocation: 19% of total supply

• Monthly Distribution: ~719,000 tokens (subject to adjustment)

• Redemption: Rewards are unlocked at TGE and can be used in strategy allocations

MaxCap Tokens and Nuon Staking Rewards

MaxCap tokens serve as an entry point to portfolio allocations. After the Public Launch, staking MaxCap will enable users to participate in DeFi portfolio management and receive a share of the protocol’s excess yield revenue.

Earning MaxCap Tokens

During the Guarded Launch, users can earn MaxCap tokens by staking Nuon. The earlier a user stakes, the greater their potential rewards due to the initially low competition for tokens and the set monthly distribution schedule.

How to Participate in the Guarded Launch

Requirements

1. An ERC-20 compatible non-custodial wallet set to the Base chain network.

2. USDC funds (bridged to the Base chain) for minting Nuon.

3. A small amount of ETH (bridged to Base) to cover transaction fees.

Step-by-Step Guide

3. Mint Nuon 1:1 against USDC.

4. Stake your Nuon in the staking section of the dashboard.

5. Track your MaxCap token rewards (accrued until the TGE).

Additional Information

• Minimum Minting Requirement: During the Guarded Launch, the minimum minting amount is 1,000 Nuon. Users can bypass this requirement by following the referral process.

• Unbonding Period during the Guarded Launch: Staked Nuon has a 7-day unbonding period.

• Portfolio Access: After the Public Launch, MaxCap token holders can participate in protocol governance, decentralized portfolio allocations, and excess yield rewards.

• Referral Program: Users can generate referral links to earn additional rewards for bringing in new stakers and increasing the protocol's TVL.

Security and Protocol Stability

The Guarded Launch ensures that the Nuon ecosystem functions correctly before full public deployment. Early participants benefit from high rewards while the system undergoes live testing in real market conditions.

Wrapping Nuon Documentation

Wrapping Nuon converts your yield-based rebase asset into a non-rebasing form, better suited for specific use cases such as tax accounting and institutional holdings.

Rebase tokens may also be difficult to process by some DeFi protocols and tools; wrapping Nuon rebase tokens makes them usable across other protocols, DApps, and APIs.

Wrapped Nuon at a Glance

• Prevents wallet balance from increasing

• wNUON pegged to NUON (USDC) + accumulated inflation yield, which means wNUON price increases over time to reflect inflation-adjusted value.

• It can be unwrapped back to NUON at any time.

Use Cases

• Useful in jurisdictions where automatic rebases trigger tax events

• Understandable to DeFi protocols that can't interact with rebase token standards

How It Works

• Prepare Nuon stablecoin and ETH on Base for transaction fees

• Go to "Wrap" section on the advanced Nuon dashboard https://app.nuon.fi/wrap

• Choose the amount of Nuon to wrap

• Press Wrap and follow the instructions of your wallet to exchange NUON → wNUON

Nuon-issued tokens are strictly not available to U.S. persons, entities, or any individuals or entities connected to the US as defined under US securities laws. Further, the offering is restricted in the UK, China, and sanctioned countries.

Nuon and Nuon products are not for distribution to any U.S. Person or any person or address in the United States. Nuon does not sell its tokens, stablecoin, or yield strategies to US Persons or for the account or benefit of US Persons, and tokens are not marketed or solicited in the US or in any other prohibited jurisdiction.

These materials are not an offer of or an invitation by or on behalf of Nuon Finance (the Company) or any other person to subscribe for or to purchase any products of the Company. These materials are for background purposes only and do not purport to be complete.

The offering is made exclusively on the basis of the information contained in the formal prospectus issued in connection with the offering. Any decision to invest in Nuon stablecoin or MaxCap tokens should be based on consideration by the investor.

No reliance may be placed for any purpose on the information contained in these materials or its accuracy or completeness. The information in these materials is subject to change. Charts and graphs are provided for illustrative purposes. Past performance is not indicative of, and does not guarantee future results. Investing in digital assets, including crypto assets, is not suitable for every investor as there is a substantial risk of loss, and losses in excess of an initial investment may under certain circumstances, occur. Engaging in blockchain transactions and with DeFi protocols involves inherent risks.

The value of an investment in a Product may not perfectly reflect or track the value of the underlying DeFi protocols and asserts. At any time, the price at which any trades on stock exchanges, regulated or unregulated markets within the EEA or abroad, or any other exchange or market on which they may be quoted or traded may not be accurately reflected in changes to the value or price of the product.

Nothing in this document (docs.nuon.fi) or in Nuon.fi, blog.nuon.fi, app.nuon.fi, or whitepaper.nuon.fi, or Company's social media and publicly shared educational content constitutes a representation that any investment or investment strategy is suitable or appropriate to an investor’s individual circumstances or otherwise constitutes a personal recommendation. Investments involve risks (in particular market risks, including volatility and potential counterparty risks), and investors should exercise prudence and their own judgment in making their investment decisions.

Any statements contained in this document attributed to a third party represent the Companies interpretation of the data, information and/or opinions provided by that third party, either publicly or through a subscription service, and such use and interpretation have not been reviewed by the third party.

Referral Program Documentation

What is the Nuon Referal Program

The Nuon Referral Program allows participants to earn rewards by referring others to stake Nuon stablecoin during the Guarded Launch phase. Rewards are distributed monthly in MaxCap Tokens, redeemable after the Token Generation Event (TGE) planned for April 2025 and usable after the Dex Listing.

Program Details

• Duration: 24 months, starting from February 2025

• Reward Distribution: Paid monthly in MaxCap tokens

• Redemption: MaxCap can be redeemed after its TGE

Referral Rewards Structure

• Total Allocation: 2% of the 100 million MaxCap tokens (2 million tokens)

• Monthly Distribution: 83,333 MaxCap tokens released over 24 months

• Estimated Value at TGE: $0.20 per MaxCap token

Example Reward Distribution

Rewards are shared proportionally based on the referred Total Value Locked (TVL)

Participation Requirements

To join the referral program, you must:

1. Have an ERC-20 compatible non-custodial wallet set to the Base chain network.

2. Hold USDC (bridged to Base chain) for deposit.

3. Have a small amount of ETH (bridged to Base chain) for transaction fees.

4. Mint and stake a minimum of 100 Nuon to generate a referral link.

How to Participate

Step-by-Step Guide

1. Access the Nuon v2 dashboard.

2. Connect your wallet and ensure it is set to the Base network.

3. Mint at least 100 Nuon (100 Nuon must be staked to generate a referral link).

4. Stake 100 Nuon.

5. Generate your referral link via the "Referrals" section on the dashboard.

6. Share your referral link with potential new stakers.

Important Notes

• To generate a referral link, you must stake at least 100 Nuon.

• Your referrals must use your unique link when minting and staking Nuon.

• Rewards are only distributed while the referred amount remains staked.

• During the Guarded Launch, the minimum minting amount is 1,000 Nuon, but referrers can bypass this limit by following the referral process.

For bridging assets to the Base chain, you can use Superbridge.