Waves publishes new proposal to increase USDN reserves and stabilize its peg

12/22 14:00

The proposal includes: Add support for Waves Ecosystem tokens to be deposited as backing in the Neutrino contract. The Waves Ecosystem teams (WX, VIRES, SWOP, EGG, and WEST) will donate $15 million in total of each project's token directly to the Neutrino backing. Reactivate Swaps for Neutrino Offer SURF and NSBT holders an opportunity to receive Neutrino swap fees from all Waves ecosystem tokens including: WX, VIRES, SWOP, EGG, and WEST. Restart unconditional vesting for users with USDN locked in Vires Finance according to the daily withdrawal limits. Each item proposed is designed to make a specific impact to help resolve USDN’s depeg from USD. Next, we unpack each one. The proposal will be voted on in the community from December 22nd to December 26th, and if passed, it will be implemented by developers from December 27th to January 5th.
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