Can do hit waves and do like luna or something

Question

Neutrino Protocol - Official group

Alex Moria

Can do hit waves and do like luna or something

? Because i saw it was 0.60 few days ago ( usdn ) like ( ust )

#cryptocurrency #english #neutrino

0

19.05.2022

5 ответов

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Alex Moria Автор вопроса

Universal Beats
You can swap USDN for 1:1 at anytime via the smart...

Why was 0.60 few days ago so

0

19.05.2022

Aleksandr Beloussov

difference between waves and luna stable approach is that in case of waves collateral is real and kept on contract, even if price decreases we virtually have period with virtually not sufficient collateral but contract still provides guarantee and exchanges usdn for waves at same rate - by draining waves from contract. In luna case - as ust were created, luna was burned and no specific collateral saved. as UST is burned the just issue new Luna based on its present price which means that there is unlimited number of Luna to be created at very low luna prices what has happened and eventually propelled death. as waves prices increases collateral automatically worth more and so is BR level. As more than 600M of USDN are locked right now it is not possible to drain from neutrino contract all waves at present prices so all other usdn in free market are basically covered with enough collateral to provide required peg.

0

19.05.2022

Universal Beats

Alex Moria
Why was 0.60 few days ago so

Some people act upon fear. After enough time was given for the fearful to exit at low prices, the price rose back to normal levels

0

19.05.2022

Crypt Hop

Aleksandr Beloussov
difference between waves and luna stable approach ...

Thanks for this explanation - very clear!

0

19.05.2022

Universal Beats · Accepted Answer

Universal Beats

You can swap USDN for 1:1 at anytime via the smart contract if you have NSBT staked. USDN is constructed much stronger than UST. We don't mint new Waves like Terra minted new Lunas when creating new stables.

0

19.05.2022

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Can do hit waves and do like luna or something

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