What is Night?

An overview of Night and Night.win

Night is an ecosystem of highly ambitious DeFi applications. The first application is Night.win. Night.win is an experimental token that provides option payouts for Pulsechain assets.

Night.win

Night.win is a new derivative product that allows users to obtain asymmetric payoffs from bets on underlying Pulsechain assets.

Night.win works in a similar fashion to an options market, but takes a very different approach to managing order flow, pricing options and distributing payoffs.

Here are some important differences:

• Night.win does not use a traditional order book or Automated Market Maker (AMM)

• Night.win issues payoffs in a native token, rather than an underlying token.

• Night.win has no LPs, no incentive mechanism, no fees and does not require users to lock collateral.

For a deep dive into how this is achieved through our pricing algorithm, please view the Nightpaper. (LINK)

To better understand the Night token model, have a look at our tokenomics documentation.