Noon Readies for Public Beta Launch, Unveiling USN and sUSN Implementation Tactics

A project focused on creating a yield-generating stablecoin, Noon , has laid out its intentions to kick off the public beta on January 27th, providing a chance for users to test two variants of tokens: USN and sUSN.

USN is the cornerstone of the Noon framework. It operates as an unstaked stablecoin, aimed at maintaining a value equivalent to the US dollar at a 1:1 ratio. Holders of USN do not earn from the raw yield of the protocol directly; instead, they are compensated with governance tokens named NOON. Eligible participants can mint and redeem USN via the decentralized application (dApp) by swapping it for USDT or USDC , with plans to expand support for other currencies down the line. In the meantime, users can trade USN on decentralized exchanges available through the application.

Throughout the Public Beta stage, those holding USN will accumulate various points, which will convert into governance token rewards once the beta period concludes. The NOON governance token is planned for a launch towards the end of Q2 2025 and will be integral to the overall ecosystem of the protocol. A fresh tokenomics model has been crafted for the NOON token, designed to ensure a premier experience for users. This will include exclusive rewards, which will be unveiled later.

Noon emphasized that by allocating up to 80% of the NOON token supply back to its users, it aims to foster lasting user involvement for years ahead. This strategy stands in stark contrast to many other protocols that tend to see significant drops in user activity within a few months. At Noon, the focus is sharply on enduring sustainability.

sUSN: The ‘Stable’ Deployment Framework

The sUSN token offers users a pathway to returns generated through Noon’s delta-neutral investment strategies. Users can stake their USN into a specific staking pool, earning sUSN in exchange. Each sUSN corresponds to a proportional share of the USN held within the staking pool. As the strategies employed by the protocol yield results, new USN tokens are minted into the pool, keeping the Noon system fully collateralized. With every mint, the value of each sUSN rises, reflecting the continuous growth of the USN pool.

The phrase 'raw returns' references the fundamental earnings generated by deploying collateral within the various strategies of the protocol. Noon is built with the goal of consistently delivering some of the highest raw returns throughout the stablecoin industry, focusing on long-term performance.

Noon's deployment strategies cater to different financial objectives and risk appetites. For users who desire variable rewards, USN comes with enhanced governance token incentives and mechanisms to mitigate downside risks, structured for sustainable engagement over time. Conversely, for those who value stability, sUSN grants access to dependable, cycle-resistant raw returns, bolstered by the protocol’s tokenomics, ensuring consistent and attractive yields.

At the moment, Noon’s private beta is underway. According to information available on the project’s website, the average annual percentage yield (APY) for sUSN over a 7-day period stands at 11.40%. Furthermore, the total value locked (TVL) in the platform has reached $30.981 million, indicating significant early interest in the protocol.