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NirvanaANA: The Permanent Liquidity Layer
Most tokens don’t die at zero price. They die at zero liquidity.ANA was built to make zero-liquidity impossible by encoding an ever-present bid, a rising floor, and a programmatic flow of value back to itself. This layer establishes a permanent source of liquidity, converting protocol activity into robust, sustained demand for ANA and enabling deeper exit opportunities. Nirvana explicitly calls this model the Assured Value Machine (AVM): a deterministic market engine that mints, prices, and r...
NirvanaSamsara: Unlock Expansive Value Within Any Digital Asset
Samsara transforms any digital asset into an AVA — a super-derivative with native yield, risk-free credit, and a rising floor price.Introduction: The Origin of Proof-of-ValueWhen Nirvana introduced the ANA token, it set a new benchmark for wealth storage. ANA is backed by protocol-owned USDC reserves at its floor price, enabling the protocol to enforce verifiable exit liquidity for every ANA at or above the floor — even in the event of a total bank run. ANA’s floor price is secured through on...
NirvanaSamsara: Home of On-Chain Digital Asset Treasuries
The DAT ProblemDigital Asset Treasuries (DATs) represent one of the most exciting financial innovations of the past cycle. They gave investors a new way to gain exposure to digital assets through public markets, and they even come with built-in downside protection and potential upside amplification. Companies like MicroStrategy proved the concept at scale. Investors bought into Microstrategy to outperform Bitcoin’s price, taking full advantage of the leveraged management execution, market per...
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NirvanaANA: The Permanent Liquidity Layer
Most tokens don’t die at zero price. They die at zero liquidity.ANA was built to make zero-liquidity impossible by encoding an ever-present bid, a rising floor, and a programmatic flow of value back to itself. This layer establishes a permanent source of liquidity, converting protocol activity into robust, sustained demand for ANA and enabling deeper exit opportunities. Nirvana explicitly calls this model the Assured Value Machine (AVM): a deterministic market engine that mints, prices, and r...
NirvanaSamsara: Unlock Expansive Value Within Any Digital Asset
Samsara transforms any digital asset into an AVA — a super-derivative with native yield, risk-free credit, and a rising floor price.Introduction: The Origin of Proof-of-ValueWhen Nirvana introduced the ANA token, it set a new benchmark for wealth storage. ANA is backed by protocol-owned USDC reserves at its floor price, enabling the protocol to enforce verifiable exit liquidity for every ANA at or above the floor — even in the event of a total bank run. ANA’s floor price is secured through on...
NirvanaSamsara: Home of On-Chain Digital Asset Treasuries
The DAT ProblemDigital Asset Treasuries (DATs) represent one of the most exciting financial innovations of the past cycle. They gave investors a new way to gain exposure to digital assets through public markets, and they even come with built-in downside protection and potential upside amplification. Companies like MicroStrategy proved the concept at scale. Investors bought into Microstrategy to outperform Bitcoin’s price, taking full advantage of the leveraged management execution, market per...
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The best way to understand Nirvana is to start with first principles. So let’s go all the way back, and ask ourselves:
Why did “crypto” – and especially Bitcoin – take off in the first place? What about it captured the imagination & conviction of so many?
On the face of it, we’re looking at just another piece of software for managing apps & data. That’s nothing new. We’ve had technology for globally distributed databases & applications for a very long time. And there are very popular & profitable apps that run on it. Despite the success stories, all this other back-office database software hasn’t sparked a revolution or signaled a new zeitgeist. Blockchains have.
So what’s special about “crypto”? I believe the answer is very simple: the unique feature at stake with “crypto” is that it levels the playing field. Everyone gets equal access, everyone gets a fair shot. Other database platforms don’t provide this “decentralization”. But why care about fairness? People aren’t working on “decentralization” just for the sake of an engineering challenge. There’s a problem motivating it. The guiding principle of “crypto” was to solve the problem of “fraud”. You’ll find that problem announced clearly in the first paragraph of the Bitcoin whitepaper. "Fraud" is just a fancy word for lying about facts.
The way to solve fraud is to prevent anyone from having privileged control over facts. The project of crypto is to record facts such that no one can tamper with whatever got recorded, or censor whoever wants to do the recording.
In short: this technology took off because it promises a global record which is tamper-proof & censorship-resistant.
And it’s done a good job keeping that promise. After all, the network gives people equal access to financial apps, without them competing to shave off meters of fiber-optic cable in lower Manhattan. There’s no privileged point of view on the blockchain.
But all this leaves out an important aspect to the crypto industry: the price of tokens. That’s what gets the headlines. The bizarre situation is that the loudest part of crypto is the dollar-value of these tokens, but this part is the least aligned with crypto’s principles.
I caught-on to this situation back in 2021. I won a Solana hackathon, and was flown to Lisbon for the large Solana “Breakpoint” conference. As part of the prize, I even received 10 minutes to talk to. The conversation surprised me: rather than swapping ideas about the future of crypto, all we talked about was the best way to set up foundations and the pitfalls when designing “tokenomics”. Founder to founder, pragmatic house-keeping. This was my first glimpse behind the curtain. And after many meet-and-greets with VCs and eager “market-makers”, the curtain got shred to tatters. So much of what makes crypto assets valuable has nothing to do with crypto’s principles themselves – in fact, the institutions working in the background operate on opposite principles entirely.
When I got back from the conference, I realized there was a bigger problem to solve. The thing people pay the most attention to in crypto is the price, but that’s the thing which has been addressed the least by crypto’s mission.
While more and more people are looking to crypto to be a “store-of-value,” the problem is that a blockchain like Bitcoin is actually just a store-of-facts. It records a tamper-proof ledger, but not tamper-proof value. The real “store-of-value” is the people who buy it and don’t sell – and today that’s especially true for Michael Saylor and other institutions. Special people have special influence on the price.
Nirvana’s vision is to push out the frontlines of crypto's overhaul and solve the problem of tamper-proof value. Crypto's revolution started by using algorithms to guarantee the state of a global ledger, and Nirvana continues it by guaranteeing the value of a global reserve asset. The goal is to create a massively scalable store-of-value according to crypto’s guiding principles.
How it achieves this goal is by unifying price, liquidity, and yield in a single digital token. Typically, these three components are separate. The price of a token has no relation to how deep is its market. Something can be very expensive, but unable to move at size. Liquidity crises can have disastrous consequences on market stability.
In Nirvana’s case, as the price grows, the liquidity grows automatically. The price & liquidity are connected. For a global reserve asset, scaling matters. The way it scales liquidity with price is by managing it all at the protocol level. The Nirvana protocol is the counterparty to every trade: it sells the token, reserves the cash from the sale, and buys the token using the liquidity it keeps in reserve.
Now we have a different structure for markets: instead of human sellers searching for other human buyers, the Nirvana protocol will always bid to buy the token. And the protocol never panics.
Where this automatic bid becomes most powerful is how Nirvana provides a floor price for the token. This floor price is a protocol-guaranteed minimum exit price for every token in supply. If every token were sold back, the last one out would fetch the floor price.
Since Nirvana manages the floor price, it has the power to raise it. At launch, the floor price was $1, and today it has more than tripled. For those who bought early, the floor price is now above their entry, and their profit has been locked in permanently. And as the price keeps rising, so will the floor.
As an aside, this rising floor solves a pervasive problem with traditional assets: that only the early buyers get rich. Since the floor keeps chasing the price upwards, latecomers have the same opportunity as early adopters. A maximum drawdown from $10 to an $8 floor is the same risk as from $1,000 to an $800 floor.
The key is that the risk is always asymmetric: the downside is limited, but the upside is not. When the token is at its floor price, the asymmetry goes to infinity.
You can see how this follows crypto’s principles. Just as blockchains use clever algorithms to store tamper-proof facts, Nirvana stores tamper-proof value. And just as blockchain users interact directly with the blockchain itself, Nirvana users trade directly with the protocol. Removing the “human-in-the-middle” makes it possible to provide fairness & guarantees that you wouldn’t get with conventional market structures.
Nirvana’s token truly “stores value”. It stores it in the rising floor price. When the token appreciates, this profit gets locked into the floor as permanent property of every token in supply.
And then there is “yield”. Just as blockchains strengthen their network by incentivizing node operators with fees revenue, the Nirvana protocol strengthens its value by incentivizing holders with fee revenue. The fees get routed directly to token holders, as a continuous dividend.
What inspired this project was the question: what would the best crypto-aligned store-of-value look like? The features of this asset would include:
Scale indefinitely
Provide permanent liquidity
Limit downside
Produce yield
The Nirvana protocol checks these boxes by starting from first principles. It’s a return to crypto’s roots. The value stores is a fact about it, recorded by the Nirvana protocol, just as blockchains store facts about balances & settlement.
Where we’re going next is the Samsara project. This expansion will “Nirvana-fy” all other digital assets by creating reserve-backed rising floor prices for each one. We’re taking this to other blockchain ecosystems, to spread the idea and shift the paradigm for digital markets. The fee revenue from this massive ambition will feed back into automatically buying and raising its floor price.
The hope is that in the future crypto-aligned price charts will have 2 lines: the current market price, and the rising floor price. Assets without a floor will become a thing of the past.
Author: Sid
The best way to understand Nirvana is to start with first principles. So let’s go all the way back, and ask ourselves:
Why did “crypto” – and especially Bitcoin – take off in the first place? What about it captured the imagination & conviction of so many?
On the face of it, we’re looking at just another piece of software for managing apps & data. That’s nothing new. We’ve had technology for globally distributed databases & applications for a very long time. And there are very popular & profitable apps that run on it. Despite the success stories, all this other back-office database software hasn’t sparked a revolution or signaled a new zeitgeist. Blockchains have.
So what’s special about “crypto”? I believe the answer is very simple: the unique feature at stake with “crypto” is that it levels the playing field. Everyone gets equal access, everyone gets a fair shot. Other database platforms don’t provide this “decentralization”. But why care about fairness? People aren’t working on “decentralization” just for the sake of an engineering challenge. There’s a problem motivating it. The guiding principle of “crypto” was to solve the problem of “fraud”. You’ll find that problem announced clearly in the first paragraph of the Bitcoin whitepaper. "Fraud" is just a fancy word for lying about facts.
The way to solve fraud is to prevent anyone from having privileged control over facts. The project of crypto is to record facts such that no one can tamper with whatever got recorded, or censor whoever wants to do the recording.
In short: this technology took off because it promises a global record which is tamper-proof & censorship-resistant.
And it’s done a good job keeping that promise. After all, the network gives people equal access to financial apps, without them competing to shave off meters of fiber-optic cable in lower Manhattan. There’s no privileged point of view on the blockchain.
But all this leaves out an important aspect to the crypto industry: the price of tokens. That’s what gets the headlines. The bizarre situation is that the loudest part of crypto is the dollar-value of these tokens, but this part is the least aligned with crypto’s principles.
I caught-on to this situation back in 2021. I won a Solana hackathon, and was flown to Lisbon for the large Solana “Breakpoint” conference. As part of the prize, I even received 10 minutes to talk to. The conversation surprised me: rather than swapping ideas about the future of crypto, all we talked about was the best way to set up foundations and the pitfalls when designing “tokenomics”. Founder to founder, pragmatic house-keeping. This was my first glimpse behind the curtain. And after many meet-and-greets with VCs and eager “market-makers”, the curtain got shred to tatters. So much of what makes crypto assets valuable has nothing to do with crypto’s principles themselves – in fact, the institutions working in the background operate on opposite principles entirely.
When I got back from the conference, I realized there was a bigger problem to solve. The thing people pay the most attention to in crypto is the price, but that’s the thing which has been addressed the least by crypto’s mission.
While more and more people are looking to crypto to be a “store-of-value,” the problem is that a blockchain like Bitcoin is actually just a store-of-facts. It records a tamper-proof ledger, but not tamper-proof value. The real “store-of-value” is the people who buy it and don’t sell – and today that’s especially true for Michael Saylor and other institutions. Special people have special influence on the price.
Nirvana’s vision is to push out the frontlines of crypto's overhaul and solve the problem of tamper-proof value. Crypto's revolution started by using algorithms to guarantee the state of a global ledger, and Nirvana continues it by guaranteeing the value of a global reserve asset. The goal is to create a massively scalable store-of-value according to crypto’s guiding principles.
How it achieves this goal is by unifying price, liquidity, and yield in a single digital token. Typically, these three components are separate. The price of a token has no relation to how deep is its market. Something can be very expensive, but unable to move at size. Liquidity crises can have disastrous consequences on market stability.
In Nirvana’s case, as the price grows, the liquidity grows automatically. The price & liquidity are connected. For a global reserve asset, scaling matters. The way it scales liquidity with price is by managing it all at the protocol level. The Nirvana protocol is the counterparty to every trade: it sells the token, reserves the cash from the sale, and buys the token using the liquidity it keeps in reserve.
Now we have a different structure for markets: instead of human sellers searching for other human buyers, the Nirvana protocol will always bid to buy the token. And the protocol never panics.
Where this automatic bid becomes most powerful is how Nirvana provides a floor price for the token. This floor price is a protocol-guaranteed minimum exit price for every token in supply. If every token were sold back, the last one out would fetch the floor price.
Since Nirvana manages the floor price, it has the power to raise it. At launch, the floor price was $1, and today it has more than tripled. For those who bought early, the floor price is now above their entry, and their profit has been locked in permanently. And as the price keeps rising, so will the floor.
As an aside, this rising floor solves a pervasive problem with traditional assets: that only the early buyers get rich. Since the floor keeps chasing the price upwards, latecomers have the same opportunity as early adopters. A maximum drawdown from $10 to an $8 floor is the same risk as from $1,000 to an $800 floor.
The key is that the risk is always asymmetric: the downside is limited, but the upside is not. When the token is at its floor price, the asymmetry goes to infinity.
You can see how this follows crypto’s principles. Just as blockchains use clever algorithms to store tamper-proof facts, Nirvana stores tamper-proof value. And just as blockchain users interact directly with the blockchain itself, Nirvana users trade directly with the protocol. Removing the “human-in-the-middle” makes it possible to provide fairness & guarantees that you wouldn’t get with conventional market structures.
Nirvana’s token truly “stores value”. It stores it in the rising floor price. When the token appreciates, this profit gets locked into the floor as permanent property of every token in supply.
And then there is “yield”. Just as blockchains strengthen their network by incentivizing node operators with fees revenue, the Nirvana protocol strengthens its value by incentivizing holders with fee revenue. The fees get routed directly to token holders, as a continuous dividend.
What inspired this project was the question: what would the best crypto-aligned store-of-value look like? The features of this asset would include:
Scale indefinitely
Provide permanent liquidity
Limit downside
Produce yield
The Nirvana protocol checks these boxes by starting from first principles. It’s a return to crypto’s roots. The value stores is a fact about it, recorded by the Nirvana protocol, just as blockchains store facts about balances & settlement.
Where we’re going next is the Samsara project. This expansion will “Nirvana-fy” all other digital assets by creating reserve-backed rising floor prices for each one. We’re taking this to other blockchain ecosystems, to spread the idea and shift the paradigm for digital markets. The fee revenue from this massive ambition will feed back into automatically buying and raising its floor price.
The hope is that in the future crypto-aligned price charts will have 2 lines: the current market price, and the rising floor price. Assets without a floor will become a thing of the past.
Author: Sid
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