Neutrino System Base Token
|All Time High:|
|Market Cap: |
|The price of #NSBT today is $7.93 USD.|
The lowest NSBT price for this period was $0, the highest was $7.93, and the current live price for one NSBT coin is $7.93374.
The all-time high NSBT coin price was $176.
Use our custom price calculator to see the hypothetical price of NSBT with market cap of BTC or other crypto coins.
|The code for Neutrino System Base Token crypto currency is #NSBT. |
Neutrino System Base Token is 1.5 years old.
|The current market capitalization for Neutrino System Base Token is $21,766,491.|
Neutrino System Base Token is ranked #432 out of all coins, by market cap (and other factors).
|The trading volume is modest during the past 24 hours for #NSBT.|
Today's 24-hour trading volume across all exchanges for Neutrino System Base Token is $28,694.
|The circulating supply of NSBT is 2,743,535 coins, which is 100% of the total coin supply.|
A highlight of Neutrino System Base Token is it's limited supply of coins, as this tends to support higher prices due to supply and demand in the market.
What is SURF and why is it important for the Neutrino ecosystem?
SURF (Smart Utility Recapitalization Feature) is a new token designed to improve the mechanics of recapitalizing USDN reserves. WAVES reserves back the existing supply of USDN stablecoin. Every WAVES token transferred into the smart contract in exchange for USDN is held as collateral to back USDN. The Backing Ratio (BR) is the value of the WAVES on the contract vs. the value of the USDN supply. Three variables affect the BR: The amount of issued USDN, the market price of WAVES, and the amount of WAVES on the smart contract. For example, if the value of the reserves is insufficient to cover the entire value of the stablecoin exactly by one-half, then BR is 50%. On the other hand, if the capitalization of reserves is higher than supply by 50%, then BR is 150%. SURF token will help achieve BR equilibrium and provide additional incentives for the community and investors. Long story short: * SURF becomes available for purchase when BR is lower than 100% * The price of SURF will be equivalent to the BR, i.e., 50% BR = SURF $0.50 USDN * Staked SURF gives passive income and other benefit * When BR goes higher than 115%, the staked SURF gets automatically converted to USDN at a 1:1 rateWhy use SURF, and how to earn the most on it? - SURF becomes available for purchase (issue via smart contract) by locking USDN or WAVES on the smart contract only when BR (Backing Ratio) is <100%. The locked WAVES is added to the existing reserves...
USDN vs UST: Understanding the Differences
Since the crash of UST/LUNA, many questions have been raised around the viability of algorithmic stablecoins, including Waves Protocol’s own USDN. We want to clarify the critical differences between USDN and UST to explain how USDN is specifically designed to avoid any potential death spirals and provide sustainable yields for users. To understand the differences between the mechanisms by which UST and USDN operate, let’s go over how they both work.How the UST/LUNA Mechanism Worked UST utilized a simple mint and burn function between UST and the LUNA token. Users could burn $1 worth of LUNA and receive 1 UST in exchange and vice versa. This mechanism created an arbitrage opportunity to keep UST pegged to $1. If UST dipped below $1, then arbitrageurs could buy 1 UST for less than $1 and burn it in exchange for $1 worth of LUNA. This arbitrage profit incentive was the only mechanism keeping UST stable. Unfortunately, this didn’t last. When the market cap of LUNA fell below the market cap of UST, a death spiral occurred; this is because as UST began to depeg, holders lost confidence and burned their UST for newly minted LUNA and immediately began selling their LUNA as fast as they could to cash out. As more and more LUNA was minted, the supply grew out of control and with so many sellers the market cap began dropping with it. The lower the market cap got, the less their mechanism was able to defend the UST peg, endin...
Two Token Setup for Neutrino. Keep NSBT and Add the Recap Token
2 weeks ago, Waves Protocol published the “masterplan” to revive the Waves DeFi ecosystem and bring stability back to Neutrino. The response from the community was overall positive. Not everyone was happy, though. One group in the Neutrino community proposed a two-token setup to keep NSBT and add the new recap token. Our devs worked hard to model the various scenarios that could occur with a two-token design. We’re pleased to announce that we are now working towards a two-token setup. The details of our investigations are published here to gain our community’s valuable feedback once again. The proposal in short, is to:Only issue the recap token when BR <1Temporarily give recap token stakers all the benefits that gNSBT holders (NSBT stakers) haveAutomatically liquidate recap tokens when BR is >1 We will describe each point below. The following information is a draft plan ready for community review.Recap token price and its purchase conditionsrecap token will be available for purchase (with slippage) from the contract when BR is < 1. The token price = BR e.g. Backing Rate = 0.5, RECAP token price = 0.50 USDNWhen BR >= 1, the RECAP token is not available for purchase.Recap token stakers temporarily get gNSBT and all the related benefits until BR < 1 Recap tokens will have a few different uses:HODL it to profit when backing ratio goes >= 1Sell it on Waves.Exchange to the market at any pointStake ...
Support Neutrino and Earn More Rewards by Bringing your USDN Home to Waves Protocol.
Announcing the #NeutrinoComingHome campaign to incentivize and bring more utility to Waves-based USDN. We’ve seen how vital external liquidity pools like those at Curve Finance are to stablecoins. Even fully backed stablecoins like USDT have suffered depegging due to aggressive selling of the coin in pools. That imbalance signals to the market that the stablecoin is weak and enables market opportunists to trigger significant depeg events. With large, well-capitalized institutional players now firmly present in the DeFi market, this represents a significant risk. Neutrino’s peg is now restored for the second time in 2 months. However, the USDN 3pool is still imbalanced; if large-scale selling occurs, it could cause a third depegging. We believe there is a better way. We can reduce the effect of external pools, become much more independent, and grow better and more sustainably as an ecosystem by bringing Neutrinos home. So today, we are calling all Neutrino holders — to come back to Waves! Why?Better incentives (check Waves.Exchange liquidity pools)Support the stability of NeutrinoReduce the effect of external liquidity poolsImprove liquidity on WavesWaves-based arbitrage benefits the entire ecosystem. Here are the measures we are proposing to the community to improve stability and increase the utility of Waves-based Neutrinos:Temporarily stop all transfers of USDN from Waves to ETHRestore balance of Waves.Exchange...
Help Neutrino to Decentralize USDN Reserves and Make $12K/year
Dear crypto community, the Neutrino team introduces phase one* of the program that will be a big step towards global decentralization! Right now all the USDN reserves (about 40 million WAVES) are leased to 2 generating nodes. Half of the generated WAVES leasing profit is sent as a rewards to USDN stakers, another half is sent to the smart contract to increase the USDN reserves. We want to improve and decentralize this setup, so we are now looking for crypto enthusiasts who are willing to run their own nodes for the needs of Neutrino to improve reliability of the system and make their own interest. According to pywaves stats a node that has 1 million WAVES in leasing generates 19 blocks per day. That is about 19*6 (generator’s rewards per block) = 114 WAVES per day. At the moment of the writing this article WAVES price is $6.2, this means that a node generates about 114 * 365 * 6.20 = $257,982.99 total leasing reward per year. The participants of our program will make 5% of the total leasing reward, this means that you can make 257,982.00 * 0.05 = $12,899.10 per year. Virtual server costs about $60 per month or 12*60=$720 per year. So, your profit is $12,179.10. The table below shows calculated profit depending on the leased amount: Later on we will introduce phase two* of the program that will provide the Neutrino community the ability to govern the setup by means of voting.Phase one Run your own node for the needs of Neut...
How to make more than 50% of your NSBT investment in just 1 week?
Well, hello there, Neutrino community and all the other crypto enthusiasts! Are you ready for fast and easy profit making? You can take advantage of the price difference and make more than 50% of your Neutrino investment in 7 days or even double your investment in just 14 days! Read on to learn how… Neutrino protocol supports stable coins that are pegged to real-world currency. For example, USDN price is pegged to USD price, EURN price is pegged to EUR price, etc. NSBT (Neutrino System Base Token) is the token that ensures the stability of the Neutrino protocol reserves. Currently USDN is depegged, meaning that the price of 1 USDN token on exchanges (such as Waves.Exchange, curve.fi etc.) may go lower than $1 and the price of WAVES on the contract is lower than on the exchanges. This gives great opportunity to make profits by means of arbitrage.What is arbitrage and why is it a win-win solution for the Neutrino users and the protocol itself? Arbitrage is the practice of taking advantage of a difference in prices in two or more markets. It allows users to make additional profit while burning extra USDN on the market. This reduces USDN market cap and stabilizes peg at AMM, DEX and exchanges.How to arbitrage? Important: Please note that the following method employs USDN→WAVES swaps, which work only for NSBT stakers (gNSBT holders). If you already have gNSBT proceed to Step 3. If you don’t have gNSBT yet, then:Buy NSBT...
NEP-102. NSBT, gNSBT и быстрый своп в Нейтрино.
Протокол Neutrino впервые был запущен в 2019, и за это время он претерпел немало изменений. Одним из таких изменений было добавление функции стейкинга для NSBT токена, которое позволило получать пассивный доход сразу в нескольких токенах, а именно: USDN (стейблкоин), WAVES и DeFo-токенах. 2022 год можно назвать годом Neutrino, т.к. протокол претерпит ряд изменений, для того чтобы достичь давно назревшую цель — децентрализацию. Первым шагом на пути к этой цели являются изменения в механике NSBT и своп операциях. Однако, прежде чем перейти к их описанию, давайте подведем итоги 2021 года, ведь в некоторых случаях цифры говорят сами за себя. 1) в 2021 году стейкеры NSBT заработали более $26.5 млн! Было распределено 23.4 млн. USDN, 52.8k WAVES, 1.58 млн. EURN и других DeFo-ассеты. 2) в стейкинге NSBT поучаствовало 3000 пользователей. 3) топ-5 доход...
NEP-102. NSBT, gNSBT and Neutrino quick swaps
The Neutrino protocol was launched in 2019 and since that time it has undergone quite a few changes. One of the changes was the addition of NSBT staking feature, which made it possible to receive passive income in several tokens simultaneously, namely: USDN (stablecoin), WAVES and DeFo tokens. 2022 can be called the year of Neutrino, because the protocol will undergo a number of changes in order to achieve a long-awaited goal — decentralization. The first step towards this goal is to change the mechanics of NSBT and swap operations. However, before describing the new mechanics, let’s summarize the results of 2021, because in some cases the numbers speak for themselves. 1) NSBT stakers earned over $26.5M in 2021! 23.4M USDN, 52.8k WAVES, 1.58M EURN and other DeFo assets were distributed. 2) 3000 users participated in NSBT staking. 3) Top 5 earnings by NSBT stakers in 2021: 3P2u***WHMd: $2,654,285 3P5L***a9gY: $2,037,442 3PE2***hwXa: $1,380,715 3PD9***Usdy: $1,196,840 3P8T***2F3K: $1,197,680 Regretting that you have no NSBT? You still have the option to get it on Waves.Exchange. 4) At the time of writing this article, USDN has a market capitalization of nearly half a billion dollars. 5) The USDN token is backed by ~43,000,000 WAVES. 6) In 2021, 20,000 swaps were made (excluding swap from Neutrino node) for a total of $1.2 billion! Comments are unnecessary here. Now let’s talk about the changes.Short description o...
Neutrino pool weekly draw on curve.fi: Vote and Win!
To support our voters on curve.fi, we decided to introduce a weekly draw for the USDN pool voting. Anyone who votes for a USDN pool with veCRV tokens in the gauge weight voting will participate in a lottery with 1,000 WAVES prize every week. And the weekly winners will compete for a Lambo Jackpot! Check out a pool voting on Curve.fi. You can vote for gauge weight with your veCRV tokens (locked CRV tokens in Locker). Gauge weights are used to determine how much CRV each pool gets. This time we have decided to giveaway money prizes to Neutrino voters every week and give a Lambo jackpot to one of the weekly winners at the end of the next year. Every veCRV locked as a vote for USDN pool will get one “lottery ticket” in the giveaway. The more veCRV locked for the USDN pool the higher the chance of winning. Step by step guide 1. Go to https://dao.curve.fi/gaugeweight 2. Connect your wallet 3. Vote for USDN pool https://curve.fi/usdn/ or with your veCRV tokens 4. Become a winner of a weekly draw! How the winner is determined The snapshot is made with the last block before 23:59:59 (UTC) every Wednesday and the list of participants is determined. The number of the participant’s mentions on the list corresponds to the number of veCRV locked for the USDN pool by a participant. One winner for each list will be chosen using Chainlink VRF — a provably fair and verifiable source of randomness designed for smart contracts. ...
USDN pool lottery on curve.fi: Vote and Win! $600k Prize fund!
Anyone who votes for USDN pool with even a small amount of veCRV tokens in the gauge weight voting will have a chance to win $300k jackpot and 3 extra prizes $100k each. Check out a pool voting on Curve.fi. You can vote for gauge weight with your veCRV tokens (locked CRV tokens in Locker). Gauge weights are used to determine how much CRV each pool gets. We are happy to announce a giveaway with a $600k prize fund! Every veCRV locked as a vote for USDN pool will get one “lottery ticket” in the giveaway. The more veCRV locked for the USDN pool the higher the chance of winning. The contest has started on July 7, 2021, with Sasha’s tweet and will last until September 29, 2021. Those who have already voted for the USDN pool are also participating. Step by step guide 1. Go to https://dao.curve.fi/gaugeweight 2. Connect your wallet 3. Vote for USDN pool https://curve.fi/usdn/ with your veCRV tokens 4. Become one of 3 winners of $100k or a jackpot winner of $300k! An important factor influencing users’ chances of winning is not only the amount of veCRV locked for USDN pool, but also the time of voting, later votes chance is reduced by 1% a week. Consider the example: Alice, Bob, and Carl voted for USDN pool with 100 veCRV each but did so at different times. Alice voted on July 8, Bob on July 16, and Carl on September 25. Thus, Alice who entered the contest earlier will have 100 “lottery tickets”, Bob — 98 “lo...
More Neutrino System Base Token (#NSBT) News
|Stablecoin USDN Trades Below $1 Parity for 14 Days in a Row, Token Taps ...
Approximately 14 days ago, the stablecoin neutrino usd (USDN) tapped a high of $0.994 per unit, and ever since then, USDN has not been able to rise above the $0.97 per unit range. The dollar-pegged asset is associated with the Waves blockchain protocol, and recently the Neutrino Protocol decided to add a token called SURF to USDN's reserve basket in order to 'improve the mechanics of recapitalizing USDN reserves.'Waves Stablecoin USDN Falters, Team Adds SURF to Improve Algorithmic Stablecoin's Reserve Mechanics, Waves Founder Dismisses Critics
Another stablecoin has shown a deviation away from U.S. dollar parity, as USDN tapped a low of $0.94 per unit on September 5, 2022. Coingecko.com statistics indicate neutrino usd dropped even lower the day before, slipping to $0.918 per coin. 30-day metrics show USDN dropped to $0.905 on August 26. It's not the first time USDN has deviated away from the $1 parity. Prior to the August 26 low, year-to-date, neutrino usd has seen three more significant drops below the $1 price value.
Prior to August 26, on July 14, USDN's price dropped to $0.938 per token and on May 11, USDN slipped to $0.824 per coin. On April 4, neutrino usd dropped even lower than the losses recorded on May 11, as USDN dropped to $0.787 per coin that day. In more recent times, the Neutrino Protocol added a token called SURF (Smart Utility Recapitalization Feature) to USDN's basket of reserves. There are now four different tokens leveraged for USDN reserves as SURF join...