The USDN curve pool has gone down 4% in 24 hours
Good. Means we will have a swap soon 🙏🏻
average ~ 0,98 1,02 I think it's because it's an algorithmic stablecoin.
Yeah but I am holding multiple millions in USDN and wish to do more But 4% volatility on a stable coin is not good.
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.
What do you mean ? How is USDN backed by USD ? Can someone explain
The staking reward is too low to justify 4% volatility
What is USDN backed by ?
$900mi $WAVES
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
4% where i can find 6.5%??
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
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
It's for USDN staking, mrmous is right.
please rise to 6.5% apy staking mam...
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