Introducing Nuo Market Makers — 1% Monthly Bonus
To bootstrap initial liquidity on the platform, we are introducing an additional 1% monthly bonus on the notional value of your reserve orders.
Update1: 1% Market Maker Bonus for the Month of Feb has been transferred to users. Total bonus distributed across all users was $288 and highest bonus earned by a user was $90.
Update2: 1% Market Maker bonus would continue for the month of March and users would receive bonus on their deposits based on their monthly notional volume on 1st April 2019
Update3: 1% Market Maker bonus for April would be applicable for newly added USDC token as well.
We are excited to announce that after 6 months of hard work and a lot of feedback Nuo.Network is now live on Ethereum mainnet. Nuo Network enables users to earn interest on their crypto assets. If you own ETH, WBTC or select ERC20 tokens, you can deposit these tokens in our reserves by creating a reserve order and earn daily interest.
Interest on your reserve order is distributed proportionally based on the amount of tokens you deposit in the reserves. This is a function of supply and demand and we expect the interest earned to be in the range of 5–15% APR (Annual Percentage Rate).
Nuo Market Makers
Market Markers have an opportunity to earn an additional 1% every month on your reserves apart from the interest you would earn on the platform. To be eligible for this market maker bonus you need to have atleast 1 reserve order and a notional reserve value of minimum $500 or 5 ETH for a month.
Example1: If you create reserve orders for $10,000 for a period of 30 days — you would earn an interest of 0.5% on your reserves on the platform and an additional 1% bonus for being a market maker. In this case your earnings will be $10,000 * (0.5%+1%) = $150
Example2: If you create a reserve order of $3,000 for a period of 10 days — your notional reserve value would be calculated as $1000 for a month and you would earn an interest of 0.5% with an additional 1% bonus. In this case your earnings will be $3000 * 10/30 * (0.5%+1%) = $15
Terms & Conditions
This additional bonus would be credited to your trading account directly on 1st March 2019 at 5PM PST. Please note that the minimum notional value of your reserves for a period of 1 Month should be $500 or 5 ETH (whichever is lower at the time of bonus disbursal). The maximum bonus you can earn on your reserves is $5,000.
Please note: This bonus is valid for all users and for all tokens we currently support on the platform
To get started, you can signup on the platform, transfer funds to your trading account and create a reserve order. Its super simple and easy to use while being fully on-chain and verifiable at the same time. In case you have any doubts, you can checkout our FAQs section.