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And another question - how will BR 1.2 be reached

once the BR is at 1? there's no incentive (and no way) for recap token to be issued anymore. the only way is that waves price would increase - but what if it doesn't?

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That's correct. But I don't think it's a big problem. From BR1 to BR1.2 only need 20 % increase in waves price. With crypto volatility that's not a big thing. Waves uses are more than only backing usdn (fees, staking, etc). If BR drops, more recap token.

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