$USDN Resolution Plan is here.

22 Dec 2022, 13:30

$USDN Resolution Plan is here! 💪 Turn USDN into an index asset for the Waves Ecosystem by accepting $WX, $SWOP, $VIRES, $EGG, and $WEST as collateral. Read the full proposal The proposal 👇 1️⃣ Add support for Waves Ecosystem Tokens Why? To diversify and increase the collateralization of USDN and allow USDN to benefit from the price appreciation of Waves Ecosystem tokens. 2️⃣ Donate $15million in Ecosystem tokens to Backing Why? Improve Backing to 20% and quarantine the contagion that the weak USDN price is spreading across Waves ecosystem projects. 3️⃣ Reactivate Swaps for Neutrino Why? Reactivating swaps will restore an extremely lucrative arbitrage opportunity for traders, which has historically been a highly effective mechanism for maintaining USDN’s peg to a dollar. 4️⃣ NSBT and SURF holders earn income in basket of tokens Why? By increasing the diversity of incentives, we can speed up the recapitalization of reserves. 5️⃣ Restart Vires Vesting, independent of peg Why? USDN Vesters can claim USDN everyday regardless of its price. Roadmap 👇 🔷 23rd Dec - 26th Dec Neutrino community voting for approval of resolution plan (multicollateral ecosystem tokens + new swap mechanic) 🔷 27th Dec - 5th Jan Developer Implementation 🔷 6th Jan - 10th Jan Voting for update contracts and UI Voting starts tomorrow! 🕓 Tomorrow's AMA with Sasha will be to answer all community questions about this proposal. Ask your questions here in the comments 👇