Neptune Mutual provides you with guaranteed stablecoin liquidity to reduce your risk exposure by hedging against possible capital risks and smart contract vulnerabilities.
Neptune Mutual platform explores new avenues to creating user-centric hedging products on the blockchain. By offering stablecoin-based cover pools for accurate risk management, they aim to attract a steady userbase and growing liquidity to the platform.
The NPM token is used by the platform for both governance and utility purposes.
• Use NPM to stake and create contracts and markets
• Burn NPM to create contracts and markets
• Use NPM to vote in the governance of the platform’s future
• Lock NPM to provide liquidity, secure the protocol, and yield additional rewards
• Hold NPM in your wallet to purchase and claim coverage