It won't be until waves price steadily goes up, with

Question

Neutrino Protocol - Official group

Kam

It won't be until waves price steadily goes up, with

demand... but it's still a powerful repegging mechanism that can face a strong attack. Right?

#cryptocurrency #english #neutrino

0

14.05.2022

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Jonathan

increase WAVES price artificially by pumping liquidity to it, attract more new monies to enter & then re-peg USDN? Think that's still the same concept as saving the ecosystem with new monies which Do Kwon failed to do at the last minute lol. Stablecoins under scrutiny, institutional investors (where the big monies are), may not necessarily invest into WAVES even with a pump though, have to consider this possibility.

0

14.05.2022

Bug 🤕

Jonathan
increase WAVES price artificially by pumping liqui...

Again, comparison with UST is fallacy. Both UST and USDN functioned differently. Do Kwon didn't pump luna. infact he first sold the collateral and when the peg didn't come back, he minted luna to bring the peg back.

0

14.05.2022

Bug 🤕 · Accepted Answer

Bug 🤕

Correct. USDN is a real algo stable, so the stability mechanism is great. But what is not great is that waves is undervalued greatly now. We are already touching bottom. So there is not much legroom left. Say we increase the waves price to 20+. then more and more will jump in and waves price will start growing. then we will have some legroom and can dump some waves to bring the peg back to fully 1$.

0

14.05.2022

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It won't be until waves price steadily goes up, with

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