What utility will the recap token have? Will I be

Perhaps the new token will encourage buying Waves for stables, then buying this token for Waves and locking Waves on the Neutrino contract. Thus, stable demand for Waves will push their price up until reaching BR=1

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28.05.2022

Il Poeta

Yuri | WX Network
The new recap token will benefit NSBT holders in 2...

I don’t understand, if nsbt holders exchange them for recap at market price where is the advantage over non nsbt holders?

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28.05.2022

Tien CP

Yuri | WX Network
The new recap token will benefit NSBT holders in 2...

Now BR = 0,5 NSBT 20$, I can swap to 40 Recap. And then BR >1, and NSBT = 100$, I can swap 40 Recap to get 40 USDN or 40*5=200 USDN?

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28.05.2022

szalon Cukor

Il Poeta
I don’t understand, if nsbt holders exchange them ...

This is a good question.

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28.05.2022

Nik Marcos

Tien CP
Now BR = 0,5 NSBT 20$, I can swap to 40 Recap. And...

Yeap, you will get 1$ for each recap token when BR > 1

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28.05.2022

Yuri | WX Network · Accepted Answer

The new recap token will benefit NSBT holders in 2 ways: 1.You can exchange the NSBT for recap tokens at market value — meaning if NSBT is $20 and BR is at 0.5 — You would get 40 recap tokens for every NSBT you exchanged. You’re effectively getting the recap tokens at 50% discount, and once BR returned to >1 you could sell at the market rate. 2.You can exchange your NSBT tokens even if they are locked, with no unstaking fee. Users will be able to buy the recap token at a discount whenever BR is <1, and they’ll always be able to sell it for $1 once BR is >1. This way, we have a mechanism to recapitalize Neutrino during hostile market conditions.

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What utility will the recap token have? Will I be

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