What is Noon?
Noon is a Web3-native yield‑generating stablecoin protocol offering a 1:1 USD-pegged token, $USN. Users mint USN using USDC or USDT and can stake it to receive $sUSN. The protocol then allocates deposited capital into delta-neutral investment strategies, including crypto funding rate arbitrage and tokenized U.S. Treasury bills, aiming to deliver high through-cycle yields without price volatility exposure.
Yield distribution is designed to favor long-term users: ~80 % of raw returns flow directly to $sUSN holders, while 10 % supports an on‑chain insurance fund and 10 % covers operational costs—with excess redirected back to the insurance pool after key thresholds are met.
Governance is upcoming with $NOON and $sNOON. The protocol avoids external investors 65 – 80 % of the $NOON supply is reserved for users who mint or stake USN/sUSN with long‑term vesting for the team. Noon is also the first stablecoin to offer real-time, third-party verified proof of solvency, combining on- and off-chain capital transparency.
