So, after more reflection and small debates, I would like

Question

So, after more reflection and small debates, I would like

to introduce you to how I see the USDN mechanics on Waves. At the moment USDN's biggest problem is BR. The best solution in my opinion would be to make a stablecoin based more or less on the DAI mechanics. Waves' biggest problem is the amount of blocked funds that are not in circulation. To fix this and to mint USDN the mechanics would be as follows:
1) we do supply to Neutrino, e.g. 100 Waves worth $ 1000 (Waves price $ 10)
2) 100 Waves in supply are automatically leased (about 4% annually)
3) for a given supply we can thread max 30% USDN (or less a matter of arrangements) in this case 300 USDN
- minting and burning could be burdened with 1-2% fee in Waves, which would go to the Neutrino pool as an additional security system (collecting more Waves from the market),
- when the price of Waves falls below $ 7 in this case, i.e. the value of USDN to the value of the pledge would be greater than 40%, the protocol repays the value of USDN,
- at the time of repayment of USDN, another 1-2% fee to Neutrino and smoking USDN.
4) Mined USDN can be put into the Neutrino pool for a given% or other investor incentives
5) further suggestions to make it profitable for investors to mine USDN and put them in Neutrino (I count on your suggestions)
In my opinion, Bounds will not solve the problem. What do you think?

#cryptocurrency #english #neutrino

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08.06.2022