How it works?

The Num Finance Platform allows Primary Users (users with an approved Num Finance account) to mint and redeem nTokens.

To open an account, elegible users need to apply and undergo KYC/AML screening. This process usually takes 24/48 business hours since the submission of all required paperwork.

Functionality

The Num Finance Platform allows users to transfer Allowed Digital Assets (as defined in the nTokens Terms) to fund their accounts. The USDC balance can be withdrawn via direct transfer to an allowed EOA in USDC.

Once the USDC are settled into Num Finance Platform, the user can mint nTokens selecting a wide range from different types. The types of nTokens that will be available on launch are:

• Fixed Income

• Sector

• Commodities

• Index

The minting process will have a maximum duration of 48 business hours since the order is made in the Num Finance Platform.

Users can choose to custody their nTokens directly within the Num Finance Platform. However, in line with crypto guiding principles, we suggest users self-custody their assets.

Each nToken previously minted in our Platform can be withdrawn into the DeFi ecosystem.

The registered Num users with an approved account, will always have the option to redeem the nTokens previously minted or acquired in the DeFi ecosystem for their respective value in USDC.

Users are responsible for controlling and securing access to the Num Finance Platform. If you have any doubts about potential compromises, please reach out as soon as possible so the team can freeze your account and allow time to investigate and create new accesses.

Note that losses related to user mismanagement of credentials are not Num Finance's responsibility.

Fees

Num Finance Platform has three types of Fees:

• Mint Fee: charged every time a user Mint nTokens.

• Redeem Fee: charged every time a user Redeem nTokens.

• Management Fee: charged for management of the underlying asset that provides collateral to each nToken.

Mint Fee and Redeem Fee are fixed for each type of nTokens while the Management Fee will change depending on the type of the underlying asset.

All fees are set to zero until further notice.

Accepted means of payment

Stablecoins

Users can mint nTokens with USDC. Balances will be credited in the platform when funds settle (usually in seconds) and are ready to withdraw.

Other stablecoins may be added in the future, pending sufficient market demand and a fast and efficient way to off-ramp such stablecoins to minimize nTokens Reserve exposure to non-ETF assets.

Security

The platform was built to protect users by implementing enterprise-grade security features, including:

• Username and secure password scheme (Auth0)

• Two Factor Authentication (2FA)

• Whitelisted wallets with 24h cool-down period

• Suspicious activity tracking

• Know Your Transaction (KYT) with Elliptic