And i mentioned this question before but instead of helpful

Question

And i mentioned this question before but instead of helpful

answers it was met with hostility. i was wondering, if nsbt suppose to be minted or bought as a long position to the backing ratio, but equation can just be changed in the future such that the nsbt price does not reflect that, then what kind of gurantees do investors of nsbt have?
because clearly the documentations and white paper suggest/hint that one of the reasons nsbt is bought/minted as a bond that supposedly rewards investors for speculating that the BR will increase in the future.
but we see like just 2 weeks ago backing ratio was like 70-80%, smart contract price was 21-23 usdn.
i know nsbt sc equation price also goes up as more and more nsbt gets minted. but i highly doubt much nsbt has been minted the past 2 weeks given that nsbt is cheaper on waves exchange than smart contract.
so what is causing the sc price to jump to like 38 this week while backign ratio dropped almost by half?

#cryptocurrency #english #neutrino

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06.06.2022

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Samsamt · Accepted Answer

Samsamt

There is a oracle that determines the price of nsbt on the contract. You can read about on neutrino.at

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06.06.2022

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And i mentioned this question before but instead of helpful

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