What is Neutrino USD?
Neutrino is a stable-value algorithmic protocol that is the DeFi toolkit available. It provides the creation of stable coins linked to specific real-world assets, such as national currencies or commodities. Algorithmic Stablecoin is pegged to the U.S. dollar and is based on Waves technology.
The price of the Waves token is taken into account to ensure the stability of the coin. When it grows, a special reserve fund is formed, which is also intended for use in the opposite situation, i.e. in case of a Waves price drop. To ensure the stability of USDN, the network is also protected by the Neutrino token (NSBT) through the release, trading and settlement mechanism. If the reserve fund is insufficient to maintain USDN stability in case of a Waves price drop, the smart contract issues and sells NSBTs at a discount. So users who bought them can benefit later by selling said tokens.
Through the Waves network, Neutrino users can place USDN tokens in a smart contract and receive rents from Waves at a variable interest rate.