the forumula for the gNSBT to swap USDN. It is not linearly so if i plot the given data and try to calculate how many USDN i can swap with my ~500 NSBT i end up with ~1$. It this really true?^^
Parameters can be voted on
good thatn only stakers will have a say
i plotted the given formula with several values of a. you dont want to increase a by alot.lets say you increase a to 0,00001. then someone who bought nsbt for 10k dollar at a price of 15$ per nsbt can swap ~217 USDN per day. thats of course not much. BUT a whale who invested 150k dollar can swap for 700.000 $ per day...
Did you input the formula correctly?
thanks for this insight
Please explain, why do I (or whales) need to swap? Why I can't buy Waves for USDN in Spot Trading
because if you want to buy 700,000 waves in spot trading, you would drive up the price of Waves so much while filling your orders, that you would end up paying a much higher price than the 2% swap fee would cost you.
it's a cheap way to trade, you might lose more due to slippage on spot. swapping directly into a stable coin is a great way to exit your position
hello Sir! when will update go live? this monday?
Thanks Sascha. Appreciate you jump in here
Will new neutrino site support Ledger?
But where the liquidity of the smart contract comes from? 🤯
you issue new usdn when you send your waves there
@Sasha52653 can you shed some light on why are you pushing release without ledger? i asked few times weeks ago if ledger will be availailable and you said “of course” it will from the start
Please check my message above https://t.me/neutrino_group/157476
no Lars the team should deliver what was promised and confirmed by @Sasha52653 and few admins as i asked few times
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