Numo

Futures exchange for stablecoin FX.

[Numo @numoforex]

@J14Josh @stablenaira @sirmapy We'd love to chat with the team. Do you have a connect?

[Numo @numoforex]

https://t.co/mhtsPWZMGg is a futures exchange on the Nigerian naira stablecoin.

Our mission is to enable price discovery in one of the world's most opaque and volatile currency markets.

We will not stop until every lender, importer, and exporter can hedge their currency risk.

[Numo @numoforex]

@stablenaira @solana We're a futures market on naira stablecoins. We'd love to chat! @stablenaira.

[Numo @numoforex]

Tomorrow. Public tesnet on @base. Trade the naira.

[Robert Leifke @robertleifke]

Perpetual futures FAIL on the Nigerian Naira and most frontier FX.

Perps need a reliable FX rate for funding. But which rate do you reference when the Naira has parallel markets?

You need fixed expiries where arbitrageurs can force price reality.

[Celo @Celo]

Onchain FX is taking flight! @MentoLabs & @Messari launched an open directory to track issuers & applications driving local digital currency adoption 💱

Find projects leveraging Celo's 25+ native stablecoins, inc. @UpDown, @numoforex, @CarbonDeFixyz & explore the FX ecosystem ↓

[Numo @numoforex]

@Mikkysan69 @robertleifke You put up margin (e.g. 10%) in USDC or cNGN depending on the position your taking.

[Numo @numoforex]

@fiyalkin @cngn_co @circle Good question, right now we're exclusively on @base but might target a @solana deployment down the road if people demand it.

You can already swap at https://t.co/FnGAC86mjD.

[Numo @numoforex]

https://t.co/mhtsPWZMGg is the only place in the world where you can lock in your Nigerian Naira rate with guaranteed dollar delivery. Powered by @cngn_co and @circle.

[Robert Leifke @robertleifke]

https://t.co/qNG9OQhQnw

[Robert Leifke @robertleifke]

https://t.co/9WXhbDV959

[moyed @samoyedali]

While some onchain FX projects are just replicating what exists in tradfi to onchain, @numoforex is actually building infra that's missing in frontier market onchain.

I always wanted to introduce @numoforex, and finally had time to sit down and write about it. Thanks to @robertleifke for reviewing the article!

[Robert Leifke @robertleifke]

ForexSwap v0.2.0 is live.

https://t.co/Iygy7ezUVf

Added:

- inventory-aware skew
- trade size caps
- stale anchor circuit breakers

[Robert Leifke @robertleifke]

https://t.co/mqSAZP3HkF

[Numo @numoforex]

Numo docs are now live at https://t.co/AYmPwj3oxP, with API endpoints for seamless integration with our futures exchange. Happy reading. 📔

[Robert Leifke @robertleifke]

https://t.co/iwe5V81mRv

[Robert Leifke @robertleifke]

https://t.co/AQR5CrgA8K

[Numo @numoforex]

@capitalsyst @circle @cngn_co I don't think it will kill the IMTO premium entirely but it does remove a lot of the P2P and OTC timing drag which should compress spreads meaningfully. We're slowly building liquidity for the USDC/cNGN pair so we'll see what usage is like over the next few months.

[Robert Leifke @robertleifke]

https://t.co/ctA1c6MZIy

[Atrium Academy @AtriumAcademy]

Businesses in frontier markets face currency swings that rival memecoins.

"If you're familiar with memecoins and you've created memecoins, then you're familiar with Frontier FX because Frontier FX can be just as volatile as memecoins."

The hedging instruments exist in traditional finance, but they're locked behind bank relationships, credit ratings, and high minimums. Numo uses stablecoins and call options to give microlenders a way to protect themselves. "This isn't as much of a crypto product as it is truly an FX product that happens to use stable coins."