I don't get it. How arb could solve this issue?

Gnsbt holders are incentivized to sell waves on a daily basis. Waves price is under pressure bc of this. It results br descreasing, which results more depeg, which results bigger arb profit. It's a spiral. I don't see that this mechanics could solve this. When waves price was at least 12-14 usd, it was fine. But now, it's different, can't see atm what is the existing mechanic which could solve this.

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23 ответов

Depegd and br are not the same also Nsbt holders/Whales will short squeeze the Waves. Because you don't kill the chicken with the golden eggs

Hi, we still have NSBT to mint from the sc, and the reward from the Neutrino node goes goes to USDN colleteral, it should help in perspective to resolve the issue with the BR, and stimulate WAVES price as well.

That seems like the strategy. They let the price fall. And when it reaches a certain limit, then a big short squeeze will happen. Its a trap. When there is a continuous downtrent, kot of people take big leverages because they feel sure. Thats when turn around happens. 😅😅

Albert-Farkas Автор вопроса

We have 2,7M nsbt, 54m market cap. If you print more, price will fail. OR, ppl will buy it to earn profit with arb. But it would depress waves price more. Again, don't see here the solution.

Waves price will reach support. Eventually waves price will be Oversold n traders will go long. Unlike luna, waves supply is not affected by usdn supply. N waves is used as a chain coin

kingcrypto.bit | Sekolah Kripto
Waves price will reach support. Eventually waves p...

We dont really get a buy pressure now on waves since btc is down. Once btc goes up it will cause a buy pressure on waves too. Nsbt has already balanced out the br by then so not much price absorption needed for usdn

Albert-Farkas Автор вопроса
kingcrypto.bit | Sekolah Kripto
Waves price will reach support. Eventually waves p...

Don't take me wrong, I love this ecosystem. And usually I see, and understand the mechanics for all the assets. But now, I don't. It's not st I would expect from traders to save waves ecosystem as a whole. They won't care at all. Just bc of the prices seems cheap, they won't buy it if there is a constant sell pressure.

Albert Farkas
We have 2,7M nsbt, 54m market cap. If you print mo...

NSBT emission is limited, yes, and think, it’s the last chance to get cheap NSBT and participate in these circles. Once in circles are left only interested, there won’t be such price pressure.

Albert Farkas
Don't take me wrong, I love this ecosystem. And us...

Waves is widely traded n volume is finite. Unlike luns Note there is a 3rd factor as well, which is nsbt. This will balance off the sell pressure of waves

Albert-Farkas Автор вопроса
Julia | Waves.Exchange
NSBT emission is limited, yes, and think, it’s the...

I don't worry abt usdn peg here. I got the mechanics, it's fine. The problem is the underlying asset and the diff in market caps, the proportion. If there would be only 100M usdn or 10 bill waves market cap, that would be fine. Bc the mechanics wouldn't hurt waves price.

While br will face challenge to jncrease as waves goes down, nsbt demand goes up due to stake apr rise. Nsbt price rise, compensating br, usdn repeg, confidence raised, waves price rise Nsbt apr now (as seen using snsbt is 300%). People go degen, nsbt price boom, increase peg faster, br corrected faster. Confidence rise

Albert-Farkas Автор вопроса
szalon Cukor
Yes, but nsbt price boom needs waves up too.

In volatility nsbt n waves not correlated. I show u

Bug 🤕
That seems like the strategy. They let the price f...

People asking for bonds options systems ect don't understand that Nsbt Whales are already doing this with buying back Waves. The only thing I'm asking for change is to put a % of Waves for each swap to a protected collateral pool like vires. System is already working for vires and the knowledge is already there to fine tune this.

Jaimy
People asking for bonds options systems ect don't ...

Is the gnsbt limit doing that? Putting a limit on how much swap can be done? Anyway, i think the only solution is to have a third asset in reserve smart contract. One that is not native on waves.

kingcrypto.bit | Sekolah Kripto
Is the gnsbt limit doing that? Putting a limit on ...

No it keeps nsbt holders from destroying the system because it would be destroying your own investment. So they look for the most Ideal moment to swap.

Albert-Farkas Автор вопроса
Jaimy
People asking for bonds options systems ect don't ...

Why they buying back waves? Why would do that? I mean, they could be confident in the eco and it's fine but is there a mechanic, incentive for that?

kingcrypto.bit | Sekolah Kripto
Is the gnsbt limit doing that? Putting a limit on ...

Let us call this, shared security. It can be bnb (as bnblp) Or It can be atom (as atomlp) The third asset in reserve conrtract is staked in their native chain. Waves nodes become validator in that chain: hence securing their network. Their price security which will not be correlated to waves and will strengthen the peg. Hence: shared security

Albert Farkas
Why they buying back waves? Why would do that? I m...

The reason is simple in good Times you can swap to USDn again

Albert Farkas
Why they buying back waves? Why would do that? I m...

They are 7 years with us, why shouldn’t they be confident?

kingcrypto.bit | Sekolah Kripto
Let us call this, shared security. It can be bnb (...

I think this is very doable since both bnb n atom is already on waves. Making a bnblp or atomlp is a not hard. We already have btclp n ethlp

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