FAQ

Common questions about Noon, organised by topic.

If your question isn't here, try the Glossary for definitions or Contact to reach the team.

Getting started

How do I get $USN?

Users can buy $USN on our website, which anyone can do without approval. Institutions can mint it directly with the protocol after onboarding.

See How to buy $USN.

What's the difference between $USN and $sUSN?

$USN is Noon’s stablecoin pegged 1:1 to USD; held on its own it doesn't earn yield but it earns the max amount of points. $sUSN is staked $USN, and it's the token that increases in value daily as it accrues the protocol's yield.

See $USN and $sUSN.

Do I need $NOON to earn yield?

No. $NOON is the governance token. Yield comes from holding $sUSN. $NOON is for participating in governance (and earning $NOON rewards).

Mint and redeem

Who can mint $USN?

Mint is permissioned and requires KYB onboarding. This is limited to Noon's institutional partners.

See Mint and Redeem.

How do I redeem $USN?

Redeem is also permissioned, with limits and a settlement timeline.

The full process, including any minimums and timing, is on Mint and Redeem.

Can I always sell $USN?

$USN is designed to maintain its peg, and liquidity exists on decentralised exchanges. Like any market-traded asset, the price you receive depends on available liquidity at the time.

This is different from a guarantee to redeem at par on demand.

Stake

How does $USN staking work?

Using the "Stake" page of the Noon App, users can stake their $USN to receive $sUSN. The price of $sUSN appreciates daily, as per the protocol's returns. To unstake, users can use the "Unstake" page of the Noon App, which unstakes $sUSN to $USN, subject to a standard cooldown.

What is the cooldown when I unstake $USN?

7 days.

See Fees for cooldowns and any associated charges.

What happens if I unstake $NOON early?

Users can stake $NOON through Active Stake or Open Stake. Early unstaking forfeits some or all of the users' unvested reward tokens (varies between Active and Open Stake), according to the vesting curve.