I am positive about USDN future. I was thinking about

Question

I am positive about USDN future. I was thinking about

if there is a chance to add some sort of multi collateral feature. Maybe adding some other coin other than WAVES in the reserve? For example, when waves is in a bull run and exchanged for USDN, the protocol may use some waves to buy bitcoin and other stable assets to put in the reserves. What do you think?

#cryptocurrency #english #neutrino

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26.08.2022

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GC Gi Автор вопроса

Jim Borrowinson
USDN is an algo stable that uses core Waves mechan...

Yeah, but the problem of having only WAVES in the reserve is that if the token loses too much value, then the stablecoin is unbacked. And we know that bull and bears are cyclical, so it will happen again and again. Therefore I believe that it is unavoidable to have also stable assets in the basket. But no, they shouldnt be withrawn by users. They should only be managed by the protocol itself and bought and sold to achieve stability.

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26.08.2022

Jim Borrowinson · Accepted Answer

Jim Borrowinson

USDN is an algo stable that uses core Waves mechanica such like the mining to enforce collateral. I don't say that's impossible do achieve but there's no other Blockchain native token you can use. By the way, by adopting other assets as collateral means that users will be able to withdraw those assets when interacting with the contract.

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26.08.2022

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I am positive about USDN future. I was thinking about

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