Numoen Core

Numoen Core is a first of its kind automated market maker that bring together two sides of a market. Unlike the constant product invariant, the Numoen Core trading function allows for peer-to-pool lending and borrowing of LP shares. This enables the minting of tokens with embedded leverage.

Leverage Token

Leverage stays 2x (constant) at every price.

Leverage Tokens cannot get liquidated.

A leveraged token is worth less over time because "funding" gets paid to liquidity providers.

Liquidity Providers

LPs want the price to stay the same.

LP returns are similar to Uniswap and always short volatility.

LPs make money from traders paying them "funding."