# Overview NUON is the flatcoin token within the Nuon protocol. Users wishing to be protected from inflation deposit USDC into the treasury and are minted NUON at a 1:1 ratio. The USDC is used by the protocol to generate yield, and then distributed back to NUON holders in the form of more NUON. NUON supply rebases in the holders’ wallet, and starts accruing interest by the block, as a rebase in the token supply. Essentially, each NUON will accrue a fraction of itself as interest every second. Newly rebased NUON is then immediately redeemable for the underlying USDC from the treasury. For NUON, the amount you hold adjusts over time according to the Truflation APY. So, if you had 100 NUON and the Truflation rate was 10% over a year, you would end up with 110 NUON in your account. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://whitepaper.nuon.fi/nuon/overview.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.