Neutrino Protocol - Official channel

2022-08-08 18:02:42 $SURF is here!

It is the final piece of the plan and will make Waves #DeFi Unstoppable.

Here is what it is, how it works, and why it's important

https://medium.com/neutrinoteam/what-is-surf-and-why-is-it-important-for-the-neutrino-ecosystem-8962c2230049

Buy SURF https://neutrino.at/buy/SURF

Long story short:
$SURF stands for - Smart Utility Recapitalization Feature.

Built to recapitalize USDN reserves.

It can be bought from the contract when BR (Backing Ratio) is lower than 100%
The price is based on the BR 50% BR = $0.50 USDN
Stake SURF earns rewards + benefits
When BR is higher than 115%, the staked SURF is automatically converted to USDN at 1:1

WHY SURF?
It incentivizes you to improve the collateralization of $USDN. The lower the BR, the more opportunity to earn.

If you believe $USDN reserves can return to above 115%.

How to SURF?

You can add $WAVES to the smart contract to increase backing
OR
Burn $USDN to decrease supply.

Then stake your SURF to gain all the benefits (temporarily) of gNSBT:
Arbitrage between WAVES/USDN
Earn Swap Fees
Get voting power

How do I exit the Wave? Auto-Conversion

When BR reaches 115%, auto-conversion of all SURF to USDN begins
The system decreases BR 10% to convert SURF and repay holders with USDN.
The process repeats until all SURF is converted
Users can also sell SURF on the open market

Let's $SURF

Built to Recapitalize USDN
Purchase for whatever the BR is (now $0.17), Auto-sell for 1 USDN when BR is 115%
Stake SURF to earn rewards and governance powers

SURF is a unique, formidable asset that will make USDN the strongest #algostablecoin on the planet.

Vote for #SURF on Waves.Exchange. Open / Comment

2022-08-08 15:58:09
$SURF token is launching today at 11AM EST.

Get ready to catch some Waves Open / Comment

2022-07-28 18:16:54 Neutrino Update

Dear community,

Please, be advised that we have moved our application to https://neutrino.at/ domain.
The old https://app.neutrino.at/ address is now redirecting to https://neutrino.at/ Open / Comment

2022-07-28 17:01:22 Attn

We are currently moving our app to https://neutrino.at domain. There might be a downtime up to 30 minutes in all operations.

Sorry for any inconvenience caused and stay tuned Open / Comment

2022-07-21 16:34:06 How were the applicants selected

Many community members asked: How were the program applicants selected to run the nodes for the Neutrino protocol?

Short answer: The selection was not completely random.

The 80 available node slots were divided into 4 groups. For the groups that had more matching applicants than we needed, we used random selection.

40 slots were allocated to the most involved users of the Neutrino protocol. Those users have been actively supporting the protocol ever since its very beginning.

20 slots were allocated to the most involved users supporting the Waves ecosystem.

15 slots were allocated to random users who joined the Neutrino protocol recently.

5 slots were reserved for the Neutrino protocol team to simplify the support of the existing Neutrino ecosystem.

The applicant's telegram_id was the most important source for tracking the involvement.

It is worth noting that some users had to resubmit their applications due to various reasons. This is why some of the later applicants were accepted sooner than those who applied earlier.

We hope that we've answered the question. Thank you for your involvement and stay tuned for the upcoming updates! Open / Comment

2022-07-20 19:42:38 It is time to SURF

Winter survivors need a cozy place, good company, and some proper tools.

Get through crypto winter with a user-friendly Neutrino ecosystem in a nice company of evergrowing community and our new recapitalization tool — SURF!

Stay tuned to be in the front row Open / Comment

2022-07-20 18:03:08 Attention

Dear community,

Unfortunately, we found that the current competition of the bots to get the reward leads to spamming the network with distributeMinerReward method.

This is why we had to modify the method, so from now on:

* Only the exact amount of 24 WAVES can be distributed at a time. It means that there is no need to attach all generated WAVES as a payment.

Best regards and stay tuned Open / Comment

2022-07-13 18:48:21 Announcement

Dear Neutrino community and node owners, we are glad to announce that the 8 tested generating nodes with the new script installed have shown steady operation.

So, now we are asking all the remaining Neutrino node owners to install generator.ride script by the end of the week (July 17, 2022).

If you experience difficulties with the script installation please use instructions and the tiny python script prepared by our team.

Also, we are glad to announce that the following 24 new nodes will receive the remaining leasing!

The 24 new nodes should also have the script installed and they will receive leasing on July 18, 2022.

See the description of the script mechanics and the new reward incentive in the article.

Stay tuned Open / Comment

2022-07-12 20:14:09 Neutrino Protocol Update 1.4.1

In this release:
- Added Stats tab with dashboard that displays detailed info about Neutrino protocol.
- Added NSBT price in WAVES on Buy NSBT page.
- Other UI improvements and bug fixes.

Enjoy and stay tuned Open / Comment

2022-07-07 19:27:47 Announcement

Dear Neutrino community and nodes owners, the Neutrino team strives towards the protocol decentralization, and we need your synergy and coherence!

RideV6 now supports installing scripts on a generating address without losing the ability to generate. In order to make the Neutrino protocol operation truly independent and provide the community with a new reward incentive, we need you to install additional script.

This is a new feature, so we want to test it on 8 nodes first.

For now, we are asking the following nodes to install generator.ride script by the end of Friday (8 July 2022):

* 3PKUWRsfsJ3i1VRMt39p4NuuXLRTaPpkimZ
* 3P7VBSEmwQBW6YNkDVFuKjtWB2362rkB3jN
* 3PJWoNzASvaRPf164iXcP8hDSLar9pQ7Kuz
* 3PACTUMWVTbV44HyauqBvLLwQTkTsPe74ti
* 3P7FFosyq9E3wyveKXJ1deECeK1A9nWPfAZ
* 3P4Ry9XyNu6w8S1wndzgopw4HxLmkpU5iXj
* 3PNZsgz5N8ibq2Gxt48pqHXKTdrnUcWamUS
* 3PGTegesjZvFH1S1EgDD3fhMKy5DniBeTkC

We will monitor the tested nodes during the weekend and then ask the remaining node owners to install it too.
We will distribute the leasing to the remaining 24 applicants who did not yet get their nodes approved as soon as the script is tested and installed on all the community nodes.

If you experience difficulties with script installation please use instructions and tiny python script prepared by our team.

See the description of the script mechanics and the new reward incentive in this article.

Thanks for your support and please, stay tuned for the future updates Open / Comment