It'S hard to understand, can you provide a document to

Question

It'S hard to understand, can you provide a document to

give an example, for example, in the extreme market situation of 3.12, how does NSBT guarantee the value of USDN? From this liquidity crisis, a clarification and demonstration is also necessary. Vires’ USDN accounts for 600 million, and only 900 million USDN has been issued in total. If the anchor is broken, the entire waves network will collapse.

#cryptocurrency #english #neutrino

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03.04.2022

19 ответов

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julia

⚪️ anժrė
Nsbt is for deficit... BR 3.12 = higher health for...

I guess, he is about the price.

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03.04.2022

julia

We, being a support team not analytics, we do not provide such calculations or prognosis, the documentation with the formulas is on the link, feel free to count and make a module situation, we’ll be happy if you share your results here.

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03.04.2022

⚪️ anժrė

You asked about how nsbt guarantees usdn value 1:1 when BR is positive. Speaking of nsbt: nsbt holders have the advantage of being able to arbitrate the usdn directly in the contract and with that they can profit by arbitrating... by doing this they gradually restore the value to 1:1. This is just an example of a way to guarantee 1:1 through what you asked ( NSBT )

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03.04.2022

dandandan zz Автор вопроса

OK, what does arbitration do? Not yet understood. I can only understand buying NSBT at a discount at the moment so there will be arbitrage opportunities

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03.04.2022

⚪️ anժrė

dandandan zz
OK, what does arbitration do? Not yet understood. ...

Example: Now 1 usdn =0.97 usdt. So you can buy usdn with discount. You can go to neutrino contract and use 0.97 usdn for buy 1$ in waves. So you pay 0.97 usd for $1 in waves.

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03.04.2022

julia

⚪️ anժrė
Example: Now 1 usdn =0.97 usdt. So you can buy us...

The offer is limited 👆

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03.04.2022

dandandan zz Автор вопроса

⚪️ anժrė
Example: Now 1 usdn =0.97 usdt. So you can buy us...

There is also a 2% minting fee, the temptation is not big enough

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03.04.2022

⚪️ anժrė

dandandan zz
There is also a 2% minting fee, the temptation is ...

You talk about contract? This fee is for issue usdn... Usdn > waves fee is 0.5

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03.04.2022

Selltop

dandandan zz
There is also a 2% minting fee, the temptation is ...

You are wrong its 0.5 in this direction Before update anyone could swap, within 7 days, since update only top 3 gnsbt holder can swap reasonable amount. I would be either to let the delayed swap again to everyone, while giving instant swap to gnsbt holders. Either to change the formula, removing the euler number exponential and increasing a factor. Its not reasonable to put the trust of whole protocol rebalance on 2-3 whales, is there a place to discuss that ? Seems to me the update was a bit arbitrary and without a vote, how much time would it take to take it back or modify it from now ?

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03.04.2022

julia

Selltop
You are wrong its 0.5 in this direction Before up...

Hi, Selltop, you’ve been heard, the team is aware of that, pretty sure there will be some answer actions from the team side, no worries. There is no need to write the same every 3 hours. Thank you =)

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03.04.2022

dandandan zz Автор вопроса

julia
Hi, Selltop, you’ve been heard, the team is aware ...

Ok thank you I'm going to look at the documentation more. There are 2 more questions: 1. How many tokens in circulation does the WAVES team have? Minted 600 million USDN from neutrino? That is to say, most of the 60 million waves in the protocol are from the team? 2. If the price of waves is $10, and the team uses 10 million waves to mint 100 million USDN, when the price of waves reaches $20, does the team lose 100 million USDN, because the 10 million WAVES cannot be exchanged back? Only 5 million can be exchanged, is that the understanding? So the remaining 5 million WAVES are in the neutrino protocol? Please help me sort out the relationship, thanks

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03.04.2022

julia

dandandan zz
Ok thank you I'm going to look at the documentatio...

Thank you @subwar. Here you can find all the information you asked for https://t.me/neutrino_group/164406

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03.04.2022

julia

dandandan zz
Ok thank you I'm going to look at the documentatio...

Here is more info regarding your question https://dev.pywaves.org/usdn

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03.04.2022

dandandan zz Автор вопроса

julia
Here is more info regarding your question https://...

No, you didn't understand what I meant. I was talking about the proportion of the waves team in this stablecoin system, and the usage of their waves tokens. It seems to be very centralized and not decentralized. The entire funding system is completely supported by the waves official.

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03.04.2022

julia

dandandan zz
No, you didn't understand what I meant. I was talk...

We do not provide such info.

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03.04.2022

Happy Swappy

dandandan zz
No, you didn't understand what I meant. I was talk...

You want to copy the system?😁

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03.04.2022