If br go under 100% new nsbt will be issued

Question

If br go under 100% new nsbt will be issued

is right? And price will drop and we could buy at sale price. But if nsbt will end and reach max supply what will happen? Can we vote in future in order to have new max supply? Like 5 million. Or is immutable?

#cryptocurrency #english #neutrino

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24.04.2022

11 ответов

7 просмотров

Bo

Dr Avi R
😂 That’s why max $5ml can be raised additionally ...

Well there are other solutions if needed, raising the cap, bailouts etc anyways nsbt has no existance beside usdn, so if the choice need to be done it will be senseless to protect nsbt at the expense of usdn

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24.04.2022

Dr Avi R

Right this is what makes the mechanism cool and relatively stable. But again, the Pump and Swap added a lot of USDN outstanding and not many WAVES. At BR 0.50 you may not feel anymore comfortable. I don’t think that USDN price will even stay at 1.05 at BR equaling 0.50, because arbitrageurs would be able to keep up with supply. You could change again the gNSBT parameters to allow more arbitrage, but at BR around 0.50 that will only push WAVES price way down and be the final acceleration of the death spiral.

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24.04.2022

Benjamin

Dr Avi R
Right this is what makes the mechanism cool and re...

The main point hear is that your arguments are the same like climate change activists. If we don't do anything and just go forth like we have Ben doing till now we all are dead in a few years. But in reality all systems are reacting to the changing times. Neutrino will evolve and adapt.

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24.04.2022

Yuri | WX Network

Benjamin
The main point hear is that your arguments are the...

Absolutely agree.

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24.04.2022

Dr Avi R

Benjamin
The main point hear is that your arguments are the...

No it’s not the same. The climate theories are exactly what you say. The Death Spiral of algo stable coins is a real thing I saw it with my own eyes!

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24.04.2022

Bo

Dr Avi R
No it’s not the same. The climate theories are exa...

With titan ?

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24.04.2022

Mr Near-time-soon

Dr Avi R
Right this is what makes the mechanism cool and re...

no arbitrager sorry

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24.04.2022

Dr Avi R

Bo
With titan ?

Yes. I was riding IRON-USDC with 7 figures earning 1% per day. Everything worked as planned, except the recapitalization mechanism was faulty. It amassed 2bn TVL and collapsed to zero. There was no fraud. No scam. Everything worked as planned. Except there was no way to recapitalize. Here too we currently don’t have a way to recapitalize, and we have a huge overhang of USDN, and the friendly whale leveraged us to max in a bera market.

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24.04.2022

Bo

Yeah i was in too, fortunately didnt get hammered

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24.04.2022

Dr Avi R

Bo
Yeah i was in too, fortunately didnt get hammered

Yes I got out in time too. Maybe I should have learnt the lesson then to better control for risk when getting exposed to USDN.

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24.04.2022