Neutrino USD (USDN)

Neutrino USD (USDN) is an algorithmic, crypto-backed stablecoin pegged to the US dollar. All transactions involving USDN, such as issuance, collateral, staking and reward payments, are transparent and governed by a smart contract.

Neutrino is a price-stable algorithmic asset protocol that acts as an accessible DeFi toolkit. It allows the creation of stablecoins pegged to specific real assets such as national currencies or commodities.

The Neutrino protocol is represented by a set of interacting smart contracts written in the Ride programming language and deployed on the Waves blockchain. Most Neutrino protocol operations are currently available through the Waves.Exchange interface. Navigating the Waves blockchain is possible using the Waves Explorer and community-driven services such as Pywaves or w8io.

The Neutrino system consists of three main tokens: WAVES, USDN and NSBT.

WAVES is the main token of the Waves blockchain and is used to pay transaction fees. It serves as collateral for USDN, Neutrino's main stablecoin.

USDN is an algorithmic stablecoin pegged to the US dollar. It serves as collateral for Neutrino's other stable assets.

NSBT is a recapitalization and governance token of the Neutrino protocol that ensures the stability of USDN collateral reserves.

The Neutrino Token (NSBT) allows its holders to influence decisions regarding the Neutrino protocol, product and feature roadmap, as well as changes to governance parameters

Why stablecoins are needed on Neutrino

Users can use Neutrino stablecoins as:

Savings tool. Neutrino tokens can be frozen to earn passive income from mining. Due to the low volatility of coins, savings will not depreciate overnight.

Trading tool. In the Neutrino dApp, any asset issued based on the Neutrino protocol (currently the USD-N dollar neutrino) can be exchanged at a fixed price. If the coin rate on the market changes, traders will be able to earn on the price difference.

Payment tool. Neutrino stablecoin USD-N is already used for payments in applications based on the Waves Platform, including DAO and WaveFlow.

Once the beta protocol and Neutrino dApp are completed, the Neutrino team will hand over ownership of the project to the community. Future releases will be supported and updated by community members and major USD-N stakers.

As conceived by the developers, the project community will develop other implementations of stablecoins based on Neutrino. Participants in the social networks of the project are already discussing the prospects for launching Neutrino stablecoins for the euro and gold.