Do you guys think it’s a safe enough stable coin?

but you have USDN staking reward which already helps to alleviate, and also 1 USDN in the neutrino contract = 1 USD, even if in the pool it has a small peg.

0

10.12.2021

Evan Luthra Автор вопроса

⚪️ anժrė
but you have USDN staking reward which already hel...

What do you mean ? How is USDN backed by USD ? Can someone explain

0

10.12.2021

Evan Luthra Автор вопроса

⚪️ anժrė
but you have USDN staking reward which already hel...

The staking reward is too low to justify 4% volatility

0

10.12.2021

Evan Luthra Автор вопроса

What is USDN backed by ?

0

10.12.2021

⚪️ anժrė

Evan Luthra
What is USDN backed by ?

$900mi $WAVES

0

10.12.2021

julia

Evan Luthra
What do you mean ? How is USDN backed by USD ? ...

Hi, USDN is algorithmically pegged to the US dollar so that the price of USDN always equals $1. However, since USDN is a decentralized stablecoin, it is 100% backed by another digital asset, WAVES. WAVES uses a consensus algorithm called Leased Proof-of-Stake (LPoS). It allows users to stake their WAVES and earn a reward (currently 6.5% a year). Swapping USDN<->WAVES you do always the the calculations based on 1USD=1USDN

0

10.12.2021

⚪️ anժrė

julia
Hi, USDN is algorithmically pegged to the US dolla...

Nice Julia 👌🏻

0

10.12.2021

i²

julia
Hi, USDN is algorithmically pegged to the US dolla...

4% where i can find 6.5%??

0

10.12.2021

⚪️ anժrė

i²
4% where i can find 6.5%??

i see 8,5% NeutrinoNOtify

0

10.12.2021

i²

⚪️ anժrė
i see 8,5% NeutrinoNOtify

NSBT: Circulating Supply: 2161104.047340 NSBT Price on contract: ~33.09 USDN Price on WEX: 23.15 USDN Staked: 2091422.80 NSBT USDN for distribution: 1365.70 USDN Waves for distribution: 282.42 WAVES Total for distribution: ~6200.09 USDN Per NSBT for next distribution: ~0.00013504 WAVES ~0.000653 USDN

0

10.12.2021

⚪️ anժrė

Neutrino: Total issued: 576785202.38 USDN Locked for swap: 6474044.31 USDN Locked for swap: 527.79 WAVES Balance: 54265142.65 WAVES Price: 16.99 Surplus: 345278210.83 USDN NSBT: Start issue NSBT: 10.09 (~29255238 NSBT) Total NSBT to buying: 0 Start liquidation NSBT: 10.63 (47653 NSBT) Total NSBT to liquidation: 40729 All NSBT will be liquidated at: 10.63 Staking: Total staked: 447557286.69 USDN 78.5% of total issued Staking reward rate: 8.54% per year

0

10.12.2021

julia

⚪️ anժrė
Neutrino: Total issued: 576785202.38 USDN Locked f...

It's for USDN staking, mrmous is right.

0

10.12.2021

i²

julia
It's for USDN staking, mrmous is right.

please rise to 6.5% apy staking mam...

0

10.12.2021