Autonity is an EVM-based, public blockchain designed as decentralised infrastructure for borderless markets.
Borderless markets are by definition markets with participants in multiple currency areas who are subject to unwanted foreign exchange risk. Autonity's utility coin — Auton — combines innovation in unit-of-account and stabilisation mechanism design to explicitly address this foundational concern so that builders can develop new markets without the limitations of fiat-pegged stablecoins.
The project is in the early testnet stage and is being developed by a community that is passionate about the potential social benefits of monetary and market structure innovation.Join the Testnets
|Execution Environment||Ethereum Virtual Machine|
|Block Time||1 second|
|Consensus Protocol||Tendermint BFT|
|Accountability||Slashing staked NTN on byzantine faults|
|Utility Coin||ATN, "Auton"|
|Staking Coin||NTN, "Newton"|
|Staking Mechanism||Staked NTN gets LNTN<node> "Liquid Newton" ERC20 token|
|Txn Fee Mechanism||Gas fees set by EIP1559 control system, paid in ATN|
|Stabilisation Mechanism||CDP, ATN borrowed against NTN or LNTN collateral|
|Stabilisation Target||ACU, a base-invariant, volatility-minimised index|