Running on the Arbitrum L2 platform, numa is an Ethereum-based protocol that brings real-world assets onto the blockchain. The protocol provides decentralized, on-chain mechanisms for minting synthetics that are transparently collateralized on the blockchain. Through burn-and-mint tokenomics, the numa protocol removes custodial risk and provides for free market exchanges and transactions.
Synthetic assets are minted by burning the native token of the numa protocol—$NUMA. $NUMA will be burnt at a 1:1, dollar-for-dollar ratio to mint the equivalent amount of a synthetic asset—viz., nuMoney. The initial synthetic assets (nuMoney) to be offered on the numa protocol will be $nuUSD and $nuBTC and $nuGOLD—corresponding with USD and Bitcoin and Gold. Additional fiats, commodities, blockchain assets, bonds, and equities are possible as nuMoney in the future—such as GBP, EUR, ZAR, GOLD, SILVER, and OIL.
The numa protocol is backed by liquid-staked ETH—in the form of rETH—which allows users to earn sustainable, real yield on their real-world assets. Users deposit rETH into the numa vault to mint $NUMA, which can then be burnt to mint any of the available synthetics (nuMoney). Users can then single-stake their nuMoney to earn yield on these assets or they can trade between synthetics with zero-slippage.
Two of the biggest obstacles in blockchain adoption are real-world use cases and bringing off-chain liquidity onto the blockchain. numa solves adoption by providing yield-bearing everyday assets to the blockchain and by partnering with institutions who bring users from outside the crypto ecosystem onto the protocol.
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.
Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link
The Chainlink Labs Channel Partner strategy is intended to outline a joint approach between Chainlink Labs and select accelerators, launchpads, incubators, devshops, and software tools to promote the user adoption and growth of the web3 ecosystem. Chainlink Labs and the channel partners will collaborate to accelerate and nurture the web3 ecosystem in key areas including gameFi, NFTs, developers, and startups.
Chainlink Labs is the leading provider of secure and reliable open-source blockchain oracle solutions, enhancing smart contracts by connecting them to a wide range of off-chain data sources and computations, such as asset prices, web APIs, IoT devices, payment systems, and more. We are dedicated to the development and integration of Chainlink as the standard decentralized oracle framework used by smart contracts across any blockchain.
