But is the team doing something about it?

Question

Neutrino Protocol - Official group

Herman (?) Were Back

But is the team doing something about it?

#cryptocurrency #english #neutrino

0

15.09.2022

8 ответов

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julia

The team is constantly looking at ways to improve the protocol, currently, the following steps have been taken to eliminate depeg: - temporary suspending of USDN withdrawals to Ethereum network to prevent USDC/USDT/DAI withdrawals from USDN pool in Curve. It is iliminate disbalance of USDN pool in Curve - increasing the Amplification Coefficient (A Parameter) in Waves.Exchange liquidity pools with stablecoins to reduce the dependence of pools balances on the USDN price - immediately after the Amplification Coefficient changing, Waves.Exchange liquidity pools bought USDN profitably (for USDT, USDC, DAI) in order to reduce the USDN deficit in the pool; USDN sellers withdrew the received tokens (USDT, USDC, DAI) to the Curve and exchanged them for USDN and then USDN transferred to Waves.Exchange. This reduced the imbalance in Curve; reduced the USDN depeg - increasing the investment attractiveness of the USDN pool on Curve by increasing the pool weight (45% of the Neutrino mined by nodes goes to buy CRV/CVX tokens to vote for the pool weight on Curve; about 20,000 Waves per week) - the half of the mined Waves (50%) that Neutrino mining nodes received is transferred into USDN collateral to increase collateral and BR - a new investment product with USDN was launched -> USDN LP staking - SURF token was issued to increase BR - conducting of marketing company to attract users to Waves.Exchange - as an additional measures to protect BR, the following has been done: the USDN > Waves swap limit is now dependent on BR; if user swap USDN to Waves when BR is less then 10%, user gets 10% of received amount in Waves and 90% of received amount in SURF; SURF stakers reward was increased.

0

15.09.2022

Samsamt

Good thing you can copy paste that, otherwise 😅😅😅

0

15.09.2022

julia

Samsamt
Good thing you can copy paste that, otherwise 😅😅😅

Hey, it's good that you're so observant. But if the user is new, you can repeat the answer to him again right?

0

15.09.2022

wiwi | MomoDAO 🐻‍❄️

julia
The team is constantly looking at ways to improve ...

The Usdn pool of curve is totally fail , depeg and pool decrease

0

15.09.2022

julia

Samsamt
Think of the system as a breathing apparatus right...

By the way, well said.

0

15.09.2022

Peter

Really?

0

15.09.2022

Samsamt

julia
Hey, it's good that you're so observant. But if th...

Yeah of course, it's much easier for you, otherwise it would be such a pain!!! Well done btw with the combot announcement! Good update!

0

15.09.2022

Samsamt · Accepted Answer

Samsamt

Think of the system as a breathing apparatus right now it's working slowly and is still breathing if something dramatic happens doctor(team) will step up to help the patient (neutrino), right now nothing has to be done to help it.

0

15.09.2022

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