Supernova (NOVA)

What is Supernova

We developed a novel platform for staked assets called Supernova. Supernova provides the liquid staking service that provides shadow tokens with strong utility from the get-go. Through this, it can contribute to the security of the Cosmos ecosystem and become a powerful instrument in Cosmos DeFi.

To provide a fair and robust liquidity solution, Supernova proposed several features. We propose Lazy Minting to address the vulnerabilities from unfairness due to asynchronous oracle feeding that incumbent liquid services have. To resolve the limit of withdrawals, we proposed Batch Withdraw so that withdrawals from the protocol are not delayed. To solve the withdrawal limit, we proposed a Batch Withdraw feature that prevents any delays in protocol withdrawal. In addition, we are developing solutions to mitigate possible mispricing problems in the swap. The compounding and emergency withdrawal functions will be provided to add robustness to Supernova through Authz.

Several attractive DeFi solutions are possible using yield-bearing liquidated assets through Supernova. It is possible to provide a stablecoin with snAssets as collateral. It also functions as a bribe platform for governance of other connected blockchains through NOVA, a native asset of Supernova.

With the emergence of IBC query and Liquid Staking Modules, Supernova is expected to become more decentralized and robust by integrating them.