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What is NΞON ?
The NΞON Protocol is a decentralized, automated, and non-custodial/no-deposit DCA (Dollar-Cost-Averaging) protocol, making DCA easy and accessible for everyone. The NΞON protocol boasts four key strengths:
NΞON protocol has 4 key strength points:
- 1.Automated DCA
- 2.Non KYC & No deposit
- 3.Multichain
- 4.Best Price
Historically, Dollar-Cost-Averaging has been one of the most effective and least challenging ways to invest in a market. The NΞON Protocol simplifies it further by automating the process. While past performance is no guarantee of future results, DCA has served early crypto adopters quite well.
For instance, had anyone started DCA-ing near the peak of the previous cycle (2017-2018), they would be enjoying a +406% return on their BTC DCA today, even after the last market drawdown. (This is assuming a starting date of 01.01.2018 and a final date of 06.21.2018).
NΞON never requires users to deposit funds. Funds are only withdrawn from users' wallets when trades or DCAs need to occur, and the purchased tokens are immediately returned.
The protocol operates on different chains through our routers (initially ARBITRUM and ZKSync Era) and will continue to expand on other EVM chains and eventually non-EVM chains.
More chains are already available through our cross-chain DCA feature.
Ongoing integrations will allow NΞON users to seamlessly schedule and execute DCAs on virtually any chain (both EVM and non-EVM) that we support.
For example, users can schedule a DCA on Arbitrum to buy $250 worth of $SOL weekly, which will be directly delivered to their Solana address.
Last modified 4mo ago