214 похожих чатов

So I have to ask for correction on this one..

https://coingecko.com/en/coins/neutrino-usd shows USDN has a circulating supply of 1.08B & market cap of 1.00B. USDN is backed by #WAVES, for which CG has a market cap of 2,86B. The backing ratio is 175% per https://app.neutrino.at/buy-nsbt, meaning $1.75B in WAVES. 60%+ of all WAVES is backing USDN? Then we have to consider https://vires.finance/as/3PEEsRmcWspCxhKqobvKY3axW1846AMRwzr - a single wallet using 545M USDN backing loans.. 545M USDN IS MORE THAN 50% OF ALL USDN OUT THERE - meaning more than 30% of all WAVES tied up backing it.

3 ответов

6 просмотров

What would be the meaning of this?

Can you explain it easily?

Oris-Dorch Автор вопроса
H H
What would be the meaning of this?

It simply means that someone holding 30% of all WAVES ever has been involved in pushing the price higher and higher by creating USDN and using it to borrow USDT/USDC to buy more WAVES to repeat the cycle. It has the appearance of market manipulation, but could of course be the longest long in recent memory

Похожие вопросы

Обсуждают сегодня

@Benzenoid can you tell me the easiest, and safest way to bu.y HEX now?
Živa Žena
20
This is a question from my wife who make a fortune with memes 😂😂 About the Migration and Tokens: 1. How will the old tokens be migrated to the new $LGCYX network? What is th...
🍿 °anton°
2
What is the Dex situation? Agora team started with the Pnetwork for their dex which helped them both with integration. It’s completed but as you can see from the Pnetwork ann...
Ben
1
Anyone knows where there are some instructions or discort about failed bridge transactions ?
Jochem
21
@lozuk how do I get my phex copies of my ehex from a atomic wallet, to move to my rabby?
Justfrontin 👀
11
Hello, Is iExec also part of the "inception program" or another one ? Would it be a name to qualified the nature of the relationship between iExec and Nvidia? And does Secret ...
Ñïķøłäś
8
Ready for some fun AND a chance to win TKO Tokens? Join us for exciting minigames in our Telegram group! 🕒 Don’t miss out—games start on today 25 October 2024, at 8 PM! Ge...
Milkyway | Tokocrypto
255
any reference of this implementation?
BitBuddha
29
Also, why can’t the community have a vote/ say when it comes to initiatives like buybacks. Isn’t the point of crypto decentralisation? Don’t we deserve input as long term supp...
👨🏽‍🦰
13
Hi guys, any problem with Pulsebrige? Trying to transfer from wETH to ETH. First it tells me to connect my metamask "through mobile app" not desktop. Then I did and confirmed ...
Snowflakecrypto
13
Карта сайта