🏄‍♂️$SURF is here! It is the final piece of the plan and will make Waves #DeFi Unstoppable. Here is what it is, how it works, and why it's important https://medium.com/neutrinoteam/what-is-surf-and-why-is-it-important-for-the-neutrino-ecosystem-8962c2230049 Buy SURF ➡️ https://neutrino.at/buy/SURF Long story short: $SURF stands for - Smart Utility Recapitalization Feature. Built to recapitalize USDN reserves. 1️⃣ It can be bought from the contract when BR (Backing Ratio) is lower than 100% 2️⃣ The price is based on the BR ➡️ 50% BR = $0.50 USDN 3️⃣ Stake SURF earns rewards + benefits 4️⃣ When BR is higher than 115%, the staked SURF is automatically converted to USDN at 1:1 WHY SURF? It incentivizes you to improve the collateralization of $USDN. The lower the BR, the more opportunity to earn. If you believe $USDN reserves can return to above 115%. How to SURF? You can add $WAVES to the smart contract to increase backing OR Burn $USDN to decrease supply. Then stake your SURF to gain all the benefits (temporarily) of gNSBT: 📈Arbitrage between WAVES/USDN 💸Earn Swap Fees 🗳Get voting power How do I exit the Wave? Auto-Conversion ♻️When BR reaches 115%, auto-conversion of all SURF to USDN begins 🔟The system decreases BR 10% to convert SURF and repay holders with USDN. 💸The process repeats until all SURF is converted 🏄‍♂️Users can also sell SURF on the open market Let's $SURF 📈Built to Recapitalize USDN 🏄‍♂️Purchase for whatever the BR is (now $0.17), Auto-sell for 1 USDN when BR is 115% 🔒Stake SURF to earn rewards and governance powers SURF is a unique, formidable asset that will make USDN the strongest #algostablecoin on the planet. Vote for #SURF on Waves.Exchange.

🏄‍♂️$SURF is here! It is the final piece of the plan and will make Waves #DeFi Unstoppable. Here is what it is, how it works, and why it's important https://medium.com/neutrinoteam/what-is-surf-and-why-is-it-important-for-the-neutrino-ecosystem-8962c2230049 Buy SURF ➡️ https://neutrino.at/buy/SURF Long story short: $SURF stands for - Smart Utility Recapitalization Feature. Built to recapitalize USDN reserves. 1️⃣ It can be bought from the contract when BR (Backing Ratio) is lower than 100% 2️⃣ The price is based on the BR ➡️ 50% BR = $0.50 USDN 3️⃣ Stake SURF earns rewards + benefits 4️⃣ When BR is higher than 115%, the staked SURF is automatically converted to USDN at 1:1 WHY SURF? It incentivizes you to improve the collateralization of $USDN. The lower the BR, the more opportunity to earn. If you believe $USDN reserves can return to above 115%. How to SURF? You can add $WAVES to the smart contract to increase backing OR Burn $USDN to decrease supply. Then stake your SURF to gain all the benefits (temporarily) of gNSBT: 📈Arbitrage between WAVES/USDN 💸Earn Swap Fees 🗳Get voting power How do I exit the Wave? Auto-Conversion ♻️When BR reaches 115%, auto-conversion of all SURF to USDN begins 🔟The system decreases BR 10% to convert SURF and repay holders with USDN. 💸The process repeats until all SURF is converted 🏄‍♂️Users can also sell SURF on the open market Let's $SURF 📈Built to Recapitalize USDN 🏄‍♂️Purchase for whatever the BR is (now $0.17), Auto-sell for 1 USDN when BR is 115% 🔒Stake SURF to earn rewards and governance powers SURF is a unique, formidable asset that will make USDN the strongest #algostablecoin on the planet. Vote for #SURF on Waves.Exchange.