V1.0 is live!

After two successful audits with Certik and Code4rena we will be deploying V1.0 of the maximally decentralized Power Market Maker Protocol (PMMP) on Arbitrum and Celo. Along with the deployment we are launching a new, sleeker update to the Numoen web application that users can interact with the protocol from.

Factory has been deployed to 0x8396a792510a402681812ece6ad3ff19261928ba on the following networks:

→ Arbitrum Mainnet

→ Celo Mainnet

Audit Reports

To read through the audits, please find them here:

• Code4rena: https://code4rena.com/reports/2023-01-numoen
• Numoen: https://www.certik.com/projects/numoen

Go long or short on anything

Unlike existing leverage trading platforms, Numoen is built on a fully autonomous, oracle-free protocol called PMMP. With no oracle dependencies, the protocol allows anyone to create a long or short market on ANY token.

It is as simple as…

The trader puts in an asset they want to go long and another that denominates the token price. In the example above the user chooses to create a “long” MAGIC market, where the MAGIC token is priced in terms of ETH. One could also choose USDC for simplicity but ETH has been shown to have significantly more liquidity.

Say hello to NO liquidations

Another amazing feature of Numoen is no liquidations. When users go long or short on a token, they are buying a Power Token which is a tokenized squared leverage position. Because a Power Token is a claim to a leveraged LP share, they are also fully backed by the LP share reserves. Like any token, if the prices drops, your Power Token looses value and eventually goes to zero. But there is no formal liquidation.

Breath easy with CONSTANT leverage

Like mentioned before, a Power Token’s gains are squared at every price. If you have traded on a “perp dex” before, then you know that your leverage decreases as the position increases in value. With Power Tokens, leverage is constant. For traders, they might know this as constant gamma. Which for Power Tokens is always 2. So instead of managing leverage through margining, all you have to do is swap into a Power Token.

→ So go and try it out at numoen.com.

Disclaimer

PMMP is a protocol for the automated liquidity provisioning of Power Tokens directly on the blockchain. The protocol has no governable parameters, no special privileges, and is non-custodial. Please understand that while the code has been audited it does not guarantee the safety of your funds. In fact, interacting with the protocol can come with substantial risks. Be aware of these risks before interacting with PMMP. A governance token should never be expected.

Learn more

Discord: https://discord.gg/6Dtc49Dt4W

Twitter — @numoen

Website — numoen.com