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Neutrino - The Next Big Stablecoin in DeFI? Over +20% ROI

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First published at 00:47 UTC on August 19th, 2020.

#waves
#cryptocurrency
#crypto

LiteLiger

subscribers

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➜ Stake & Buy - https://waves.exchange?ref=3P81P1Q3Q3DXh2QaAkPjATUNesMZ7DFRkup
Neutrino stable coin set-up combines algorithmic approach with a cryptocurrency backing. Since the exchange rate is provided through external oracles and the actual exchange stable-coin — crypto is executed to this rate, the issue that we need to solve is not the stable coin price stability per se, but the price stability of the underlying asset.
A smart contract dispenses stable coins in exchange for the underlying crypto and enables the redemption of stable coins back into crypto. However, it might happen that the redemption of the stable coin becomes impossible, due to the crypto volatility and the diminishing value of the underlying asset. #Waves #CryptoCurrency #DeFi

To counter this, we propose adding a new instrument called Neutrino system base token (NSBT), which ensures that in case of diminishing reserves in underlying assets at the smart contract there is an incentive to replenish them through the purchase of NSBT.
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Neutrino is also available for purchase in these exchange
➜ Hotbit - https://www.hotbit.io/register?ref=501462
➜ MXC - https://www.mxc.ai/auth/signup?inviteCode=13vqq
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Join my lounges to hang out and talk about general crypto stuff! For Business inquiries drop email to [email protected] and ill get back to you within 24 hours.
➜ Discord - https://discord.gg/MMEnf2c
➜ Telegram - https://t.me/LiteLigerLounge

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