TechFlow news, the Neutrino team, an algorithmic stablecoin project within the Waves ecosystem, has released a new proposal aiming to increase USDN reserves and stabilize its peg, restoring arbitrageurs' confidence in maintaining USDN's stability. The proposal includes:
- Expanding support for tokens within the Waves ecosystem;
- Adding a total of $15 million worth of Waves ecosystem project tokens as collateral to back USDN;
- Reactivating the USDN Swap;
- Providing SURF and NSBT holders with the opportunity to collect Neutrino Swap fees from all Waves ecosystem tokens;
- Restarting the unconditional redemption service for users who stake USDN in Vires Finance (subject to daily withdrawal limits).
The proposal will be open for community voting from December 22 to December 26. If approved, developers will implement it between December 27 and January 5. Original link
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