Neptune Mutual
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1.0.0
Welcome
About Neptune Mutual
NPM Token Design
Project & Repositories
Frequently Asked Questions
Neptune Mutual SDK
Quickstart
Usage
Provider Configuration
Create a New Cover
Cover Assurance
Add Liquidity
Cover Provision
Purchase a Policy
Governance
Claims & Payouts
Covers
Background
Introduction
Contract Creators
Cover Fee Redemption
Liquidity Providers
Purchasing Covers
Incident Reporting
Protocol Fees
About PODs
USD Cover Token
Definitions
Cover Products
Policy
Risk Pooling
Claims & Payout
Governance
Risks
Reserves
Extensions & Plugins
Not Applicable
Pool
Pool Introduction
How Does Farm Work?
Pool Smart Contracts
Community
Partner Program
Our Ethos
Code of Conduct
Moderation Panel
Apply to Contribute
Credits
Usage
Recovering Cryptocurrencies
Risk Factors
Brand Assets
License
Source Code
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Frequently Asked Questions

What is Neptune Mutual?

Neptune Mutual is a decentralized finance project focusing on a DAO-based coverage solution. To create initial demand and incentivize early adopters, Neptune Mutual launched liquidity-mining features like Bond and Farm Pool.

How Does the NPM (Farm) Pool Work?

Select a cryptocurrency, liquidity token, or NPM your wish to stake in the NPM Pool. You stake or lock your "liquidity tokens" to receive NPM as the liquidity pool reward. There is a minimum lock period of 24 hours before you can unstake your liquidity.

Will the Bond and Pool Close in the Future?

Yes. Both bond and farm pool smart contracts are written in such a way that they automatically end as soon as the maximum amount of "liquidity token" is staked.

When Will the Bond and Pool Reopen Again?

If the bond or pool still has unspent NPM reward balance and if the maximum amount of "liquidity token" comes down when people unstake, you will then be able to deposit more. These parameters are specified in the smart contracts and can be publicly viewed. Read the smart contract documentation pages to understand how to check these parameters live in the blockchain.

Who is behind Neptune Mutual?

We will announce the team members before launch.

Can I Become a Contributor?

Of course. Check out our Contributor Application page for more info.

Does the NPM Token Have Continuous Emission?

No, it doesn't. There is a fixed supply of NPM tokens, capped at 1 billion supply.

Is the NPM Token Deflationary?

Yes. The NPM tokens go out of circulation when they are staked (temporary) and burned (permanent).
Staking
  • Governance: Voting rights.
  • Staking NPM tokens to provide liquidity and earning rewards
  • Staking NPM tokens to become coverage reporter
  • Staking NPM tokens to create a new coverage market
Burning System
  • Foreign assets farmed under NPM pool will be used to purchase NPMs which will then be burned.
  • Creating a new coverage pool requires you to burn 1000 NPM tokens. Coverage creators will earn a small portion of the coverage fees collected in DAI/USDC/BUSD or ETH/BNB/MATIC.
  • 4000 NPM tokens must be staked when creating a coverage pool. The higher your stake, the more visibility your coverage will get in the market.
  • Coverage pools are available in stablecoins. We deduct 6.5% of the coverage fee or coverage claim in the stablecoins. The acquired stablecoins will be used to purchase NPM tokens in a decentralized exchange and then immediately burned in a single transaction.
  • Providing liquidity to a coverage pool requires you to stake 250 NPM or higher.
The suggested amount of NPM tokens to burn and/or stake is for information purpose only. Please be advised that these amounts are configurable and can change now or in the future.

What Is the List of Exchanges That Will Be Covered?

The Neptune Mutual platform allows any NPM holder to create a cover contract. A creator needs to burn 1000 NPM tokens to create a new cover contract. To prevent fraudulent contracts, the creator is required to lock 4000 NPM or more. The cover creator will earn a percentage of the fees (in stablecoin) collected in the contract.

How Can I Earn in the Cover Pool? What Are the Benefits?

In order for you to join a cover pool as a liquidity provider, you need to stake 250 NPM or higher and supply stablecoin liquidity in the pool. You will earn your proportional stake of cover fees earned every month. The protocol deducts 6.5% of the total cover fees and then transfer it back to the pool. This automatically compounds your liquidity in the pool for higher returns.
To encourage more people to join the cover pool, the protocol will airdrop NPM tokens to the initial liquidity providers on top of the cover fees. This will be stopped when we run out of NPM reward allocation.
The fee deducted by the platform will initiate a swap transaction in a DEX and the received NPM tokens will be burned in a single transaction.
Always refer to the Protocol Fee document for the latest information since the fees are configurable and can change.
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Quickstart
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Contents
What is Neptune Mutual?
How Does the NPM (Farm) Pool Work?
Will the Bond and Pool Close in the Future?
When Will the Bond and Pool Reopen Again?
Who is behind Neptune Mutual?
Can I Become a Contributor?
Does the NPM Token Have Continuous Emission?
Is the NPM Token Deflationary?
What Is the List of Exchanges That Will Be Covered?
How Can I Earn in the Cover Pool? What Are the Benefits?