Neutrino USD - USDN
Neutrino USD (USDN) is an algorithmic stablecoin pegged to the US dollar and collateralized by the WAVES token. All operations involving USDN, such as issuance, staking and reward payouts, are fully transparent and governed by a smart contract. Any deviations from the 1:1 ratio can be counteracted by arbitration bots, given that every USDN token is backed by WAVES. USDN’s sustainability is ensured with Neutrino System Base Token (NSBT) through issuing, trading and liquidation mechanics. When the value of WAVES against USD rises, a reserve fund is formed to provide backing in case WAVES’ price drops. When the reserve fund is not sufficient to compensate for a decline in value, the smart contract issues and sells NSBT with a discount, enabling users to collect a profit by selling the token in the future.
Website: neutrino.atExplorer: WavesexplorerWritePapper: wp.neutrino.atChat: twitter.com/neutrino_proto
