New Decentralized Option Agreement Numoen Launches on Polygon

03/24/2023 10:05 • Blockchain Buzz • 156 views

On March 24th, it was announced that Numoen, a decentralized option agreement that does not require a license, has been launched in Polygon. Currently, the markets supported include WETH/USDC, USDC/USDT, GHST/USDC, and MATIC/WTH.

Decentralized Option Agreement Numoen Launches Polygon

On March 24th, a new decentralized option agreement, Numoen, was launched on the Polygon network. This groundbreaking agreement does not require a license to use and features support for markets including WETH/USDC, USDC/USDT, GHST/USDC, and MATIC/WTH. In this article, we’ll explore what this means for the crypto community and how Numoen is changing the game in decentralized finance.

What is Numoen?

Numoen is a decentralized option agreement that is built on top of the Polygon network. It provides users with the ability to trade options without the need for a license or a central authority. This is made possible through the use of smart contracts and blockchain technology, which ensure that transactions are secure and transparent.
One of the main advantages of Numoen is that it is permissionless, meaning that anyone can use it without having to go through a lengthy onboarding process. Additionally, it is non-custodial, meaning that users retain full control over their assets at all times. This is a major departure from traditional finance, where centralized authorities often hold custody over user funds.

How Does Numoen Work?

Numoen works by creating a decentralized network of traders who can buy and sell options. These traders can set their own prices and expiration dates, allowing for a wide range of trading strategies. Once an option is created, it can be bought or sold by anyone on the network, creating a truly open and decentralized marketplace.
One of the key features of Numoen is that it utilizes a unique pricing mechanism called “k-pricing”. This mechanism is designed to ensure that options are priced fairly and accurately, taking into account factors such as volatility and market conditions. This makes it easier for traders to make informed decisions and reduces the risk of manipulation or exploitation.

What Markets Does Numoen Support?

Currently, Numoen supports several markets on the Polygon network, including WETH/USDC, USDC/USDT, GHST/USDC, and MATIC/WTH. These markets are all highly liquid and provide ample opportunities for traders to make profits.
WETH/USDC is a popular trading pair that combines Ethereum with USDC, a stablecoin that is pegged to the value of the US dollar. This pair is commonly used for trading and liquidity provision.
USDC/USDT is another stablecoin trading pair that is frequently used by traders. USDT is another stablecoin that is pegged to the value of the US dollar, but it is issued by a different company than USDC.
GHST/USDC is a trading pair that includes GHST, the governance token of the Aavegotchi platform. This platform is a gamified DeFi ecosystem that allows users to earn rewards and participate in various games and activities.
MATIC/WTH is a trading pair that includes Polygon (MATIC) and Wrapped Ether (WTH). This pair is commonly used for trading on the Polygon network and provides ample liquidity for traders.

Conclusion

Numoen is a new decentralized option agreement that is changing the game in decentralized finance. By providing a permissionless, non-custodial marketplace for options trading, Numoen is making it easier than ever for traders to participate in this rapidly growing industry. With support for several highly liquid markets on the Polygon network, Numoen is poised to become a popular choice for traders and investors alike.

FAQs

1. Is Numoen a licensed platform?
No, Numoen is a decentralized option agreement that does not require a license to use.
2. How does Numoen ensure pricing accuracy?
Numoen utilizes a unique pricing mechanism called “k-pricing” that takes into account factors such as volatility and market conditions.
3. What markets does Numoen support?
Numoen currently supports several markets on the Polygon network, including WETH/USDC, USDC/USDT, GHST/USDC, and MATIC/WTH.
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