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Text Content

Why ANAFAQDocumentation Roadmap
Protocol Access



 * Why ANA
 * FAQ
 * Documentation
 * Roadmap

Protocol Access



 * Why ANA
 * FAQ
 * Documentation
 * Roadmap

Nirvana Rewards / Protocol access




BALANCED RISK INVESTMENT WITH ADAPTIVE YIELD

The ANA token transforms risk into reward, and generates wealth through an
adaptive yield. With a built-in rising floor price, ANA is an investment with
known maximum downside and unlimited upside.


Nirvana Rewards / Protocol access


APY
10.88%
ANA price
$7.33
Floor price
$6.92
Market cap
$15.04MM
# of wallets
14k+
nirvana.finance

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MARKET DRIVEN MINT AMM

At Nirvana’s core is a new kind of AMM which mints and burns tokens on demand
as tokens are bought from and sold to the protocol. ANA tokens are purchased
with stablecoins which then remain in the protocol’s reserve to support both
the floor value and market price. We call it a Market Driven Mint.






DYNAMIC & SUSTAINABLE YIELD

Instead of arbitrary rewards emitted by fiat, the market continuously calibrates
the yield generated by holding ANA. The reward is directly proportional to the
risk – as ANA moves further above the floor price, lowering its
collateralization ratio, the yield for holding ANA increases and vice versa.






RISING FLOOR PRICE

The ANA token is volatile, but price cannot go below its floor price that is
permanently guaranteed by the protocol’s native market reserves. At any entry
point, ANA speculators know exactly how much they can lose. But with increased
demand for ANA, the floor rises and locks in permanent gains.





DE-RISKING OF STABLES BY EFFECTIVE DIVERSIFICATION

Stablecoins are the bedrock of DeFi, but they are risky & brittle. Nirvana
builds its value on top of stablecoins, but de-risks exposure through
diversification. It concentrates a diverse array of stablecoins into a single
reserve, spreading out dependence on any single asset, while absorbing the shock
if a stablecoin loses its value.






ZERO-LIQUIDATION RISK LEVERAGE

ANA’s minimum value (floor price) grants access to zero-liquidation-risk,
negative interest-rate loans. Using ANA as collateral, speculators can borrow
NIRV loans equal to the floor value of their locked ANA balance with no
liquidation risk. Since the Nirvana protocol provides this liquidity, there are
no parties to pay-off, and no interest rate on holding the loan. In fact, NIRV
borrowers continue to earn yield on their locked ANA, effectively giving this
debt a negative interest rate and making it DeFi’s first “borrow-to-earn”
protocol.


Nirvana Rewards / Protocol access



ANSWERS TO POPULAR QUESTIONS


 * What is meant by a rising floor and how does the floor raise?
   
   
   
   Every ANA token is backed by a floor price that is the minimum value ANA can
   ever reach. This floor price will rise over time as the treasury profits from
   asset sales. For each sale of ANA above the floor price, an amount equivalent
   to the floor price is reserved by the treasury to back this newly minted ANA,
   and the rest can be used to raise the floor price for every ANA token now in
   circulation.

 * What is prANA?
   
   
   
   prANA is an option to purchase ANA at the floor price. The holder of a prANA
   token can, at any time, exchange their token plus an amount equivalent to the
   current floor price for an ANA token. Since the market price of ANA will
   never trade below the floor price, there is an intrinsic value to prANA
   equivalent to the positive difference between the market price of ANA and the
   floor price.

 * How do I acquire ANA?
   
   
   
   ANA tokens can be acquired in three ways. 1. Tokens can be purchased directly
   from the protocol’s AMM. 2. trANA contracts can be purchased from the
   protocol, after which ANA is claimable according to the trANA contract
   vesting schedule. 3. Holders of prANA tokens can realize the option that
   their prANA token affords them: to purchase ANA at the floor price.

 * How is Nirvana different from other rebase tokens?
   
   
   Nirvana is not a rebase token, though it does have similar mechanics to
   rebase projects, namely staking rewards. One key difference is Nirvana’s
   infinite runway for rewards. Since rewards for staking are paid in prANA,
   rather than the native ANA token, the high APY does not come at the expense
   of treasury reserves. Moreover, staking rewards are not employed to regulate
   the value of ANA, as they can be in a traditional rebase currency.

 * Will there be a maximum supply of ANA tokens and does this affect the value
   of my ANA tokens?
   
   
   ANA is a currency, and the supply of ANA is not and never will be limited.
   ANA tokens have the feature of being burnable, meaning that the total supply
   of ANA can both increase and decrease. An ANA token is burned when it is sold
   back to the protocol – whether at the spot price, or floor price. This has
   no effect on the value of other ANA tokens in circulation.

 * Which wallets are accepted by the protocol?
   
   
   We currently accept Phantom, Slope and Solflare wallets.


See all questions
More to explore. The Nirvana whitepaper dives deeper changes to deeper into the
technical capabilities and advanced features of the Nirvana smart contracts.
 * 
   Why Nirvana now?
 * 
   Reserve backed rising floor
 * 
   Dynamic PSL ratio
 * 
   Staking rewards (prANA)
 * 
   Liquid staking (NIRV)
 * 
   Virtual AMM




ROADMAP

Using the roadmap of features and advancements outlined below, we are charting
our path into the future of DeFi.




Q4 2021


Done
 * Nirvana is born
 * team assembled
 * discord server created
 * first white paper released
 * first Airdrop
 * Sid’s first AMA


Q1 2022


Done
 * NIRV is created
 * precommit period and fair token launch announced
 * pre-commit window opens


Q2 2022


Done
 * Token Fair Launch begins
 * Nirvana protocol officially live: Mainnet launch
 * USDT and USDH added to the app
 * NIRV-USDC farming pool launched on Crema finance
 * price curve visualizer launched
 * Dynamic Floor raising implemented
 * sollet added
 * automated security audit passed with Sec3 (Soteria)
 * Weekly Dharma Launched
 * DAI onboarded


Q3 2022


Done

UPDATED WEBSITE LAUNCHED

In progress

KARMASWAP

Balancing the Nirvana reserves through a swap-to-earn module.

In progress

ANA LOCKERS

Customized prANA reward rates for ANA stakers based on lock-up tenors.


Q4 2022


In progress

JUPITER INTEGRATION

Direct routing into the ANA market, as well as the stablecoins in the Nirvana
reserves.

Planned

REFERRAL PROGRAM

Incentivization program to earn prANA rewards for referring new users.


Nirvana Rewards / Protocol access



PROTOCOL SECURITY

Protocol security
Protocol security
Protocol security
Protocol security



 * SEC3 (FORMERLY SOTERIA) AUTOMATIC AUDIT
   
   Passed


 * SEC 3 COMPREHENSIVE HUMAN AUDIT
   
   Scheduled




GET UPDATES FROM US ABOUT NEW INTEGRATIONS AND PRODUCT UPDATES

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