Frequently Asked Questions

How to buy NPM tokens?

NPM tokens are not available to purchase at this moment.

When will there be an IDO/IEO/ICO?

At some point sometime in the near future.

In which platform will the IDO or IEO be conducted?

To be confirmed later.

Can you share the token design?

The NPM token design is under review and will be published before we publicly launch the token.

Who are your investors?

You can view the latest list of our investors on our website. Here are our major investors listed in no particular order:
  • Fenbushi Capital
  • Animoca Brands
  • Coinbase Ventures

What are the supported lending protocols?

Right now, Neptune Mutual Liquidity Engine automatically provides stablecoins to the Compound and Aave (v2) protocols. We intend to support a few other protocols based on TVL and booted-since duration. We see the security of third party onboarding as critical as our risk appetite is relatively low.

What is the list of blockchains that will be supported?

We plan to support a number of blockchain networks progressively. Right now, we rely heavily on Ropsten and Mumbai due to the support and availability of our integrations (compound, aave, uniswap, sushi, etc.). Our main goal when selecting a blockchain network is the availability of stable, proven and tested, secure and low-risk lending protocols to provide some returns to our liquidity providers.

What is the list of exchanges and projects that will be covered?

The initial list of projects covered under Neptune Mutual will be made available to the public. For the time being, the creation of covers is an invitation-only system, as we will progressively allow a wider audience to create covers in the future.

What are the covered industries?

We are building our parametric-style cover solution cater to:
  • DeFi
  • CeFi
  • Metaverse

Is the protocol source code audited?

Security is our top priority. Before our protocol is launched, we will publicly release our audit report(s). We will engage more audit companies to get regular audits done.
As we have witnessed numerous supply-chain attacks against DeFi apps, smart contract audits alone is not enough. We plan to do more:
  • Smart Contract Security
    • Role-based access control
    • Well-structured, properly-defined, and fine-tuned ACL usage that conforms to the principle of least privilege
    • Internal Solidity security guidelines
    • Adherence to SWC Registry guidelines
    • Unit Testing & Test Stories (BDD)
    • Source code analyzers: static, dynamic, and subscription based
    • Third-party smart contract audit(s)
  • Application Testing
    • Penetration testing
    • Stress testing
  • Proper Cyber Hygiene
  • Supply-chain Security and Monitoring
    • Dependency audit
    • HTTP security
    • DNS security
    • Secrets and access key usage audits
    • Favoring pull over push when deploying
  • Bug Bounties

Does the NPM token price swing affect cover liquidity?

No, it does not. Our cover pools are denominated in stablecoins.
Neptune Mutual project does not cover stablecoin pegs. We do not have any control over a stablecoin's price. When you see a dollar ($) value on the application UI, note that it is only used for display purpose so that it abstracts away DAI, USDC, or BUSD (as we are multi-chain).

Why does anyone need NPM tokens then?

We do not think there should be a one-size-fits-all token. Neptune Mutual cover pools are funded in stablecoins collectively owned by liquidity providers, not us or the cover creators.
Having said that, NPM tokens are required as a fee, stake, or collateral (let's not call it gas):
  • Create cover by paying NPM tokens (fee)
  • Lock NPM to purchase protection by paying stablecoin (stake)
  • Supply stablecoin liquidity to cover pool by locking NPM (stake)
  • Voting in the consensus/reporting portal by locking NPM (collateral)
  • More
Please note that fees are expenses whereas stakes are unstakable but don't earn any reward. The collateral, on the other hand, typically earns rewards but can be forfeited. Invalid users may lose 100% of their collateral.

Where can I view and access your codebase?

Please access our repositories hosted under the following Github organizations:

What partnerships have you built?

We have several partners closely working with us behind the scenes. We will announce the partnerships in the future as we progress to the mainnet launch.
Always refer to the Protocol Fee document for the latest information since the fees are configurable and can change.