Looking at it, I just don't understand why USDN and

Thank you, I am gradually understanding that the current BR is 340%. If WAVES plummets by 70%, will it enter a death spiral? I mean fast down, I looked at previous moves, slow down, no risk

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02.04.2022

Martin WL

dandandan zz
Thank you, I am gradually understanding that the c...

There are other mechanism that sustain the waves collateral. But short answer is not. Banks usually work with a much lower reserve than that.

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02.04.2022

Yuri | WX Network

dandandan zz
depeg

Yes, it’s introduced with the following relation - you can always (if you have needed amount NSBT locked) make a swap USDN <> WAVES getting the amount counted at the current price pegged to USD.

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02.04.2022

Martin WL · Accepted Answer

Martin WL

A small depeg encourages swaps waves<->usdn that restores the peg. The swap smart contracts sells/buys waves with USDN at USD price, so the person that does the swap can gain with arbitrage between price in USD and price in USDN.

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02.04.2022

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Looking at it, I just don't understand why USDN and

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