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Me have a question. is USDN collaterized by waves only

? in case waves goes down again, wouldnt usdn depeg again ? is there any mechanism to prevent that ?

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from what i can understand they currently have no mechanism to incentivize users to increase the BR for them in terms os #of waves. their BR can only increase from stake rewards from a node where they stake their reserve waves. and obviously it can also increase in terms of waves if someone mints new NSBT, but at current price I dont see a reason why anyone would mint new NSBT

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