How are you going to be able to defend the

Question

How are you going to be able to defend the

BR if Recap Token supply is limited if a moment comes when all recap tokens have been issued?

How are you going to have a governance token (RT) where supply isn't limited and is volatile, with most of the total supply being burned when BR is > 1?

Seems we need 2 tokens as most of the community wants. Hopefully Sasha contemplates this deeply.

#cryptocurrency #english #neutrino

0

01.06.2022

5 ответов

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Universal Beats Автор вопроса

julia
Hi, Universal, the recup token emission is also su...

A major problem is that if the recap token supply is limited, we cannot guarantee that there will always be enough space left in unminted recap tokens to protect USDN's backing ratio. Similarly to now, when not enough NSBT is left to mint to increase USDN's collateral. So it doesn't really solve the problem long term.

0

01.06.2022

julia

Universal Beats
A major problem is that if the recap token supply ...

Yes agree, and the team understands it, hope it will be wisely regulated.

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01.06.2022

Aleksandr Beloussov

I believe income from waves staking should be received only during times BR is lower than 1 (or at least decreased by 2-4 times when BR is over 1). When BR over 1 waves should go to contract as collateral. Crucial question is how to enable USDN->WAVES->USDN swaps in controlled manner with new Recap token and the time to actually make swap to new recap token with NSBT

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01.06.2022

Passive-But-Massive 🌊 (1 ➝ 2)

You are nailing it!

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01.06.2022

julia · Accepted Answer

julia

Hi, Universal, the recup token emission is also supposed to be limited, we just do not know the mechanics how it will be exactly. Partially limited or in some conditions, as soon as the exact terms according to all points are posted it will be much clearer.

0

01.06.2022

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