Review on Neutrino Dollar by JB CRYPTO
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Price volatility is the cornerstone of cryptocurrencies that are offered in the crypto markets. For this reason, more and more cryptographic protocols are betting on their connection with goods and assets of value to protect the devaluation of the currency. This is the case with Neutrino USD.
Neutrino USD known by the acronym USDN; is a digital asset whose main characteristic is to maintain the stability of its value, by linking it to a stable currency such as the US dollar, and relying on the support of the waves protocol.
What benefits does the waves protocol bring to the Neutrino USD ecosystem?
Thanks to the implementation of the PoS consensus protocol, USDN holders are guaranteed rewards for their participation
The waves chain supports the installation of five different models of smart contracts that use RIDE programming
It allows to host a set of oracles in the main structure of waves
Allows you to place bets through rental contracts to obtain variable returns on waves
Facilitates the creation of synthetic protocols, that is, stable value currencies linked to FIAT money, raw materials, stocks, among others
Guarantees the stability of assets through smart contracts using RIDE language and incorporating oracle mechanisms
It allows a token to be used as a guarantee of its issuance, fully empowered to carry out stakeout operations
Allows you to accumulate rewards through the use of a stable asset backed by a token
Avoid the risk of volatility of the main currency (USDN) by forming sections or reserves to balance the fall of Waves against the US dollar.
In case the reserve section is exhausted to balance the Waves-dollar price drop; USD-NB token-type bonds are issued through the use of smart contracts.
As we have observed, the Neutrino ecosystem has the ability to maintain stability in the value of the currency through different mechanisms; This generates in the holders of its protocol confidence and tranquility when thinking that their finances are protected from the volatility of prices in the financial market.
Pros
- Create stable digital assets connected to fiat money and real life assets
- Simplifies the use of DEFI service instruments and makes them accessible
- The coin is connected with one of the most quoted FIAT currencies: USD and guaranteed by Waves
- Allows Waves holders to get rewards for participation of up to 15%
- Allows you to trade stable value assets in an instant DEFo exchange
Cons
- No downsides to consider
