What Is Neutrino USD (USDN)? Complete Guide & Review About Neutrino

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What Is Neutrino (USDN)?

The ​Neutrino USD protocol is an algorithmic price-stable assetization protocol that enables the creation of stable coins tied to real-world assets or cryptocurrency. The Neutrino protocol is represented by a set of interacting smart contracts written in the programming language Ride and deployed to the Waves blockchain. Most of the operations with the Neutrino protocol are currently available through the Waves Exchange interface. Navigation through the Waves blockchain is possible with Waves Explorer and the community-driven services like Pywaves or w8io.

Neutrino Storage Key Points

Coin BasicInformation
Coin NameNeutrino
Short NameYDF
Total Supply719,513,730
Circulating Supply719,522,898.32 USDN
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

USDN Price Live Data

The live Neutrino USD price today is $0.986856 USD with a 24-hour trading volume of $2,520,247 USD. They update USDN to USD price in real-time. This is down 0.06% in the last 24 hours. The current CoinMarketCap ranking is #66, with a live market cap of $710,065,246 USD. It has a circulating supply of 719,522,898 USDN coins and the max. supply is not available.

If you would like to know where to buy Neutrino USD Coin at the current rate, the top cryptocurrency exchanges for trading in stock are currently MEXC, KuCoin, Hotbit, Uniswap (V2), and Curve Finance. You can find others listed on crypto exchanges page.

An infrastructure for plug-and-play algorithmic finance

Neutrino is an algorithmic price-stable assetization protocol acting as an accessible DeFi toolkit. It enables the creation of stablecoins pegged to specific real-world assets, such as national currencies or commodities.

Algorithmic stablecoin enabling sustainable DeFi

Neutrino USD (USDN) is an algorithmic stablecoin pegged to the US dollar and backed by WAVES. Leveraging the staking model of the Waves protocol’s underlying consensus algorithm, USDN staking yields a sustainable daily reward.

Get more power with gNSBT

Stake your NSBT to get gNSBT, and all the related benefits. gNSBT holders can swap WAVES<>USDN and receive passive income based on protocol fees collected for all the swaps; they also get voting power to influence decisions regarding the Neutrino protocol development.

Influence the Neutrino protocol’s development with gNSBT

gNSBT holders can influence decisions concerning the Neutrino protocol, such as changes to the smart contracts’ parameters, product and feature roadmap etc.

Trade national currencies on a decentralized exchange

​Neutrino USD Decentralized Forex (DeFo) is an extension on top of the Neutrino protocol that facilitates instant swaps of stable-price assets tied to popular national currencies, indices or commodities.

USDN

Neutrino USD Coin (USDN) is an algorithmic USD-pegged stablecoin created with the Neutrino protocol in 2019. USDN is collateralized by the WAVES token. All operations involving USDN, such as issuance, staking and reward payouts, are governed by smart contracts. Any deviations from the 1:1 peg can be counteracted by arbitration bots, given that every USDN token is backed by WAVES. USDN’s sustainability is ensured by the NSBT token.

NSBT

NSBT (Neutrino System Base Token) is the derivative token that is designed to ensure the stability of the reserves of the Neutrino smart contract through the mechanism of reserve recapitalization.

New NSBTs are issued for locking WAVES on the contract, serving as additional backing and insuring the system against deficit. When the value of WAVES tokens in USDN backing goes down, it allows users to speculate on the Backing Ratio (BR) parameter.

How to use NSBT?

You can stake NSBT to receive daily rewards. NSBT stakers get gNSBT that is used for voting. NSBT stakers can quickly swap WAVES↔USDN. The limit on the swap amount depends on the user’s gNSBT amount.

How to get NSBT?

You can buy NSBT via smart contract. To do so use the buyNsbt() function or navigate to Buy/Sell NSBT page and click Connect Wallet. * Log in with your Waves account by means of email, seed phrase, Keeper Wallet or Ledger.

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