Waves ecosystem stable project Neutrino has released a new proposal to increase USDN reserves and stabilize its pegging status

2022-12-22 22:13:40

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ChainCatcher news, the Waves ecosystem algorithmic stablecoin project team Neutrino has released a new proposal to increase USDN reserves and stabilize its peg, restoring arbitrageurs' confidence in maintaining USDN's peg. The proposal includes: increasing support for Waves ecosystem tokens; supplementing a total of $15 million in Waves ecosystem project tokens as collateral for USDN; reactivating USDN Swap; providing SURF and NSBT holders the opportunity to collect Neutrino Swap fees from all Waves ecosystem tokens; and restarting unconditional redemption services for users locking USDN in Vires Finance (amount subject to daily withdrawal limits).

It is reported that the proposal will be voted on in the community from December 22 to December 26, and if approved, it will be implemented by developers from December 27 to January 5. (source link)

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Neutrino Waves USDN Stable Calculation

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