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Noon$NOON: A Governance token with real returns
At Noon, we believe governance shouldn’t just be a responsibility—it should be rewarded. Protocols are complex systems that need constant tuning, and those who participate in shaping them deserve to see value in return. That’s why we’ve designed $NOON and $sNOON not just as tokens of participation, but as vessels of long-term value creation. While most governance tokens offer a say in decision-making—and, implicitly, the chance to benefit from token appreciation—we wanted to go further. At No...
NoonHow Noon Keeps Your Yield Safe: Three Layers of Insurance
At Noon, we don’t just care about returns. We care about your capital, and keeping it safe.In a world where DeFi promises high yields but can sometimes deliver high drama, we set out to make something different: a platform where your assets are secure, and your returns are safe, transparent, and reliable.Noon’s Safety Starts with Our StrategiesBefore we talk about insurance, let’s start with the foundation: our strategies. Every deployment at Noon is designed to minimize daily volatility whil...
Noon7 ways Noon is building the safest and most transparent stablecoin
Over the past two weeks, the stablecoin space has seen some controversy. According to recent reports, the TVL of some prominent stablecoin protocols appear to have been artificially inflated through recursive lending between themselves, a cycle where each protocol lends to the other using their own tokens as collateral. On the surface, that can make numbers look impressive. Underneath, it creates fragile, circular exposure, the very kind of hidden leverage that has caused collapses before. Th...
Noon$NOON: A Governance token with real returns
At Noon, we believe governance shouldn’t just be a responsibility—it should be rewarded. Protocols are complex systems that need constant tuning, and those who participate in shaping them deserve to see value in return. That’s why we’ve designed $NOON and $sNOON not just as tokens of participation, but as vessels of long-term value creation. While most governance tokens offer a say in decision-making—and, implicitly, the chance to benefit from token appreciation—we wanted to go further. At No...
NoonHow Noon Keeps Your Yield Safe: Three Layers of Insurance
At Noon, we don’t just care about returns. We care about your capital, and keeping it safe.In a world where DeFi promises high yields but can sometimes deliver high drama, we set out to make something different: a platform where your assets are secure, and your returns are safe, transparent, and reliable.Noon’s Safety Starts with Our StrategiesBefore we talk about insurance, let’s start with the foundation: our strategies. Every deployment at Noon is designed to minimize daily volatility whil...
Noon7 ways Noon is building the safest and most transparent stablecoin
Over the past two weeks, the stablecoin space has seen some controversy. According to recent reports, the TVL of some prominent stablecoin protocols appear to have been artificially inflated through recursive lending between themselves, a cycle where each protocol lends to the other using their own tokens as collateral. On the surface, that can make numbers look impressive. Underneath, it creates fragile, circular exposure, the very kind of hidden leverage that has caused collapses before. Th...
Share Dialog
Share Dialog
At Noon, we’re evolving beyond a narrow set of yield strategies into a broader, more resilient portfolio—designed to tap into every stable, scalable source of yield across both traditional and decentralised finance. As always, we remain committed to full transparency and to bringing our community into the heart of our decision-making process.
To illustrate how we assess new strategies, we’re continuing our series with another live example. This time, we’re evaluating Business Development Companies (BDCs)—a traditional finance vehicle offering high-yield private credit exposure.
We invite all users to head to our governance forum where we’ve summarized our research into BDCs and opened the floor to discussion. Whether you’re curious, skeptical, or excited—we welcome your questions and perspectives. After 3 weeks of community feedback, we’ll move to a formal vote shortly (within the next 3 weeks) to determine whether BDCs should be added to Noon’s list of permitted deployment strategies.
BDCs are publicly traded investment vehicles that provide financing—typically through senior secured loans or structured debt—to small and mid-sized U.S. businesses. In return, they earn high yields (usually 8–12%) and are legally required to distribute at least 90% of their taxable income as dividends.
This structure makes them appealing to income-focused investors and a potential fit for Noon’s long-term strategy set.
They share many similarities with the private credit funds we’ve allocated to before, but with a key tradeoff: BDCs offer deeper liquidity through public markets, while exposing investors to greater price volatility.
Some of the most prominent BDCs include:
GSBD – Goldman Sachs BDC
BCSF – Bain Capital Specialty Finance
GBDC – Golub Capital BDC
ARCC – Ares Capital
BXSL – Blackstone Secured Lending
BIZD – VanEck’s ETF holding a basket of BDCs
MAIN - Main Street Capital Corporation BDC
These firms provide diversified access to U.S. private credit markets—an exposure typically reserved for institutions. But of course, this access comes with tradeoffs and risks.
As with all potential deployment strategies, BDCs are being evaluated through Noon’s four-phase pipeline, which ensures every new asset is vetted through a rigorous and transparent lens.
We begin by screening for assets that:
Offer stable and attractive risk-adjusted returns
Are liquid or tradable relative to our capital needs
Can be monitored programmatically
Align with a crypto-native or tokenized future
BDCs meet many—but not all—of these criteria. Their liquidity and accessibility are strong advantages, and future tokenization is a real possibility. But their volatility profile raises important questions for our community.
This blog post marks the second phase—open evaluation. We’ve published a summary of our risk assessment in the forum, based on key dimensions including market volatility, credit exposure, and alignment with Noon’s core yield goals.
Key takeaway so far: High yield, but potentially high volatility. We encourage users to challenge or expand on this conclusion.
If community feedback and further analysis suggest that BDCs can fit within our stability-first mandate—either through structure selection or creative hedging—then we would define:
How much capital could be deployed
Entry and exit triggers based on market spreads
Rebalancing logic between BDCs and other strategies
This stage remains on hold until the discussion and vote conclude.
We are not moving forward with deployment at this stage—until the discussion and vote conclude.
As Noon Capital grows, so does our commitment to community-led strategy selection.
With the launch of our governance token now live, token holders can now go beyond giving feedback—you’ll soon have the power to vote (with sNOON) on whether we proceed with new strategies and asset classes, such as BDCs.
That means every new yield strategy, from private credit to on-chain primitives, will be surfaced transparently and decided collectively.
Your voice isn’t just heard—it’s counted.
Over time, this transition will move Noon from centralised intelligence to a decentralised, community-driven yield engine. Whether it’s BDCs, tokenized T-bills, or new structured products, our direction is yours to shape.
BDCs represent a powerful, yield-rich corner of traditional finance—but their equity-like behavior and potential for high drawdowns currently makes them a complex fit for Noon’s stability-focused strategy.
That said, this is exactly why we share our process transparently: to invite community input, surface new ideas, and collectively decide what moves forward.
While our initial assessment suggests BDCs may not yet align with our current deployment needs, the ultimate decision belongs to our community. For the next 3 weeks, we invite all users to join the discussion in our governance forum on whether BDCs should be added to our list of permitted deployment strategies.
After that, we’ll open an official vote—where all $sNOON holders will have the opportunity to include or exclude BDCs in Noon’s basket of deployment strategies based on their own analysis and preferences.
If you believe there’s a better-structured BDC, a viable hedge, or a tokenized version we overlooked—bring it forward. The best ideas win.
This is just one of many strategies that will pass through Noon’s four-phase evaluation pipeline. Some will be deployed. Others—like BDCs, for now—may be paused unless compelling community proposals change that.
We’ll keep sharing every step, every tradeoff, and every “why.”
Stay tuned—and help shape the future of stable, intelligent yield.
At Noon, we’re evolving beyond a narrow set of yield strategies into a broader, more resilient portfolio—designed to tap into every stable, scalable source of yield across both traditional and decentralised finance. As always, we remain committed to full transparency and to bringing our community into the heart of our decision-making process.
To illustrate how we assess new strategies, we’re continuing our series with another live example. This time, we’re evaluating Business Development Companies (BDCs)—a traditional finance vehicle offering high-yield private credit exposure.
We invite all users to head to our governance forum where we’ve summarized our research into BDCs and opened the floor to discussion. Whether you’re curious, skeptical, or excited—we welcome your questions and perspectives. After 3 weeks of community feedback, we’ll move to a formal vote shortly (within the next 3 weeks) to determine whether BDCs should be added to Noon’s list of permitted deployment strategies.
BDCs are publicly traded investment vehicles that provide financing—typically through senior secured loans or structured debt—to small and mid-sized U.S. businesses. In return, they earn high yields (usually 8–12%) and are legally required to distribute at least 90% of their taxable income as dividends.
This structure makes them appealing to income-focused investors and a potential fit for Noon’s long-term strategy set.
They share many similarities with the private credit funds we’ve allocated to before, but with a key tradeoff: BDCs offer deeper liquidity through public markets, while exposing investors to greater price volatility.
Some of the most prominent BDCs include:
GSBD – Goldman Sachs BDC
BCSF – Bain Capital Specialty Finance
GBDC – Golub Capital BDC
ARCC – Ares Capital
BXSL – Blackstone Secured Lending
BIZD – VanEck’s ETF holding a basket of BDCs
MAIN - Main Street Capital Corporation BDC
These firms provide diversified access to U.S. private credit markets—an exposure typically reserved for institutions. But of course, this access comes with tradeoffs and risks.
As with all potential deployment strategies, BDCs are being evaluated through Noon’s four-phase pipeline, which ensures every new asset is vetted through a rigorous and transparent lens.
We begin by screening for assets that:
Offer stable and attractive risk-adjusted returns
Are liquid or tradable relative to our capital needs
Can be monitored programmatically
Align with a crypto-native or tokenized future
BDCs meet many—but not all—of these criteria. Their liquidity and accessibility are strong advantages, and future tokenization is a real possibility. But their volatility profile raises important questions for our community.
This blog post marks the second phase—open evaluation. We’ve published a summary of our risk assessment in the forum, based on key dimensions including market volatility, credit exposure, and alignment with Noon’s core yield goals.
Key takeaway so far: High yield, but potentially high volatility. We encourage users to challenge or expand on this conclusion.
If community feedback and further analysis suggest that BDCs can fit within our stability-first mandate—either through structure selection or creative hedging—then we would define:
How much capital could be deployed
Entry and exit triggers based on market spreads
Rebalancing logic between BDCs and other strategies
This stage remains on hold until the discussion and vote conclude.
We are not moving forward with deployment at this stage—until the discussion and vote conclude.
As Noon Capital grows, so does our commitment to community-led strategy selection.
With the launch of our governance token now live, token holders can now go beyond giving feedback—you’ll soon have the power to vote (with sNOON) on whether we proceed with new strategies and asset classes, such as BDCs.
That means every new yield strategy, from private credit to on-chain primitives, will be surfaced transparently and decided collectively.
Your voice isn’t just heard—it’s counted.
Over time, this transition will move Noon from centralised intelligence to a decentralised, community-driven yield engine. Whether it’s BDCs, tokenized T-bills, or new structured products, our direction is yours to shape.
BDCs represent a powerful, yield-rich corner of traditional finance—but their equity-like behavior and potential for high drawdowns currently makes them a complex fit for Noon’s stability-focused strategy.
That said, this is exactly why we share our process transparently: to invite community input, surface new ideas, and collectively decide what moves forward.
While our initial assessment suggests BDCs may not yet align with our current deployment needs, the ultimate decision belongs to our community. For the next 3 weeks, we invite all users to join the discussion in our governance forum on whether BDCs should be added to our list of permitted deployment strategies.
After that, we’ll open an official vote—where all $sNOON holders will have the opportunity to include or exclude BDCs in Noon’s basket of deployment strategies based on their own analysis and preferences.
If you believe there’s a better-structured BDC, a viable hedge, or a tokenized version we overlooked—bring it forward. The best ideas win.
This is just one of many strategies that will pass through Noon’s four-phase evaluation pipeline. Some will be deployed. Others—like BDCs, for now—may be paused unless compelling community proposals change that.
We’ll keep sharing every step, every tradeoff, and every “why.”
Stay tuned—and help shape the future of stable, intelligent yield.
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