Coleman are there plans to add another type of collateral?
It’s an idea but it needs to be decided by the community, so far reaction is mixed
What are your personal opinion on the matter?
Gang
Hey there. Perhaps USDN should be further protected by dedicating a small % of the Neutrino SC's 63.75 million Waves' leasing revenues to continuously increase the BR over time. A small portion of leasing revenues could be converted to USDC and USDT, and staked in the SC, allowing people to swap USDN to USDC or USDT at 1:1 so long as there is a balance of USDC/T available on the smart contract. I'm quite confident in USDN as it is with it's overcollateralized BR thanks to the SC's Waves balance, and further NSBT minting protection, but it seems like adding a cushion of reserves in other stables would only increase USDN users' confidence. What are your thoughts friends?
Hey! Thanks for the feedback, I'll forward it to our team.
I have always thought that when BR<1, the protocol should be that a % of waves leasing goes to increasing BR…usdn holder would get less interest during these periods but I think they would be on with that for the extra stability
Ha, that’s smart!
yep, this makes total sense to me too. Question is at what BR to do it, or if we should always do this to some extent, but moreso when BR < 1.
I’m thinking like below .7 but I think it should be a vote done by gnsbt holders.
Great idea, but maybe this contract should do this continuously always, but small trickles, also when br is good or usdn is at normal peg, but this would usdc/usdt locked up, in other words, saving this usdc/usdt and creating a bigger saving pot, and only opens up when usdn depeg or br lower than a certain threshold.
Morning, Universal! Sounds interesting =) Thank you for your care about the Protocol ❤️
Good morning Julia...Always happy to brainstorm ways to further strengthen the protocol. If there were some USDC/T to USDN swap available at 1:1, it would further strengthen the USDN peg and confidence by incentivizing people to buy up USDN on the market whenever it were cheaper than $1, even non gNSBT users. I'm trying to think if there are any major downsides to it 🤔
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