Building a hyperstructure

The article hyperstructure describes a piece of software that is hosted on a blockchain with zero external dependencies and no governable parameters. Meaning once the code is deployed, there is no ability for anyone or anything to change the design of the software for malicious or benevolent intent. Once deployed, it’s in an immutable state forever. Completely protected by the consensus of the underlying blockchain itself. At no other point in history has software been able to achieve this property. The value of this is profound.

Therefore, we’ve been thinking quite a bit about designing a protocol that leverages immutability. Given the strong ethos around autonomy in DeFi, it feels fitting the software that powers many of the most popular applications such as Compound should be completely autonomous. Yet, they are not. The compound protocol has governable parameters that are set by token holders. Requiring careful monitoring of each pools’ credit risk to ensure solvency. While bringing financial primitives on-chain has been transformative for access, the nature of how these protocols are constructed opens them up to manipulation.

Therefore, the automated liquidity provisioning protocol that powers the Numoen application has been deployed as a hyperstructure. We have opted for zero upgradeability. That means no proxy contracts and no future tokens.

We believe DeFi presents the greatest opportunity to change the way we interact with the financial system. As such, at Numoen we are declaring our full commitment to building open and autonomous algorithms.