WAVE Exchange to launch new Stable coin after the fall or USDN

 

After the failure of $USDN, the guys from $WAVES decide to launch a new stablecoin

I will not say once again that algo-stablecoins are experiencing the deepest crisis after untying $UST ($LUNA). Many stablecoins turned out to be not stable at all and have been tested for strength ever since. 

One of these stables is $USDN from $WAVES. For a very long time they have not been able to restore the binding of $USDN to the dollar. In early December, I wrote that Korean exchanges warned about the risk when investing in $WAVES. In general, this story is already long... 

A couple of days ago, the CEO of $Waves, Sasha Ivanov, asked the exchange to disable trading in $WAVES futures. This is the strongest sign of the weakness of the project. And the request itself is a circus of some kind... We are in an open market with competition, where everything is on an equal footing. When $WAVES was growing like crazy on the bull, there were no such requests. If you don't want the token to be shorted, solve the problems. 

In general, Sasha figured out how to solve the problem!

He said that the project will release a new stablecoin instead of the already launched $USDN. And yesterday I presented the rescue plan and the $USDN 2.0 mechanism, which includes multi-collateral and swaps.

Attention; how Sasha is going to solve the past problems with the new stable: tie it to a new basket of centralized shit from the WAVES ecosystem. In addition to $WAVES, there will be $WX, $VIRES, $SWOP, $EGG and $WEST tokens in the collateral. Holders of $SURF and $NSBT will receive additional income from the arbitrage of ecosystem tokens, leveling the stablecoin binding.

A great plan, reliable as a Swiss watch!