Neutrino Protocol - Official channel

2023-02-01 11:41:13 Node update 1.4.13

Dear Neutrino community nodes owners!

Node version 1.4.13 critical update has been released.
This release is mandatory, so all Neutrino nodes must be updated before the end Saturday, Feb 4.

Please, pay attention that the outdated nodes will shutdown and lose their leasing in 2 days of downtime. Open / Comment

2023-01-31 13:50:26 USDN>XTN: Step One

Dear community,

This February, USDN will be rebranded to Neutrino Index (XTN) according to the community approved plan.

We are starting the process today by renaming the token in Waves blockchain by means of the Update Asset Info transaction.

Today's update will not affect the exchanges, token stats aggregators and their APIs that will continue using the existing USDN ticker. This means that your wallets will still display USDN. However, step-by-step, in the near future USDN will be renamed to XTN everywhere.

Stay tuned! Open / Comment

2023-01-30 21:15:45 The Neutrino team is glad to share the Neutrino 2.0 Litepaper!

Long story short:

Multi-Collateral
USDN will be transformed into XTN token collateralized by a set of multiple Waves Ecosystem tokens selected by gNSBT holders.

The Peg
XTN is not pegged to a $.
The price is determined by the $ value of its reserves.

New Issuance Incentives
Get XTN with discount by replenishing the reserves with a most deficient collateral token! The discount is calculated based on 3 factors controlled by governance.

NSBT/SURF
All NSBT/SURF mechanics remain as they are now.
SURF will be converted to XTN when the price reaches $1.15.
Once all issued SURF is converted to XTN, the price growth past $1.15 will become possible. Open / Comment

2023-01-27 16:42:11 Our weekly AMA with Sasha is going live in 20 minutes! Don't miss it out! Open / Comment

2023-01-14 13:07:26 New swap limit mechanics

Dear community,

This week the Neutrino team has been closely monitoring the new USDN->WAVES swap limit mechanics and we figured out that it does not fully meet our expectations. We also received a few reports from the community claiming that with the new mechanics implemented it is still possible to make fairly high percentage of arbitrage profit.
We decided to reduce minCoefficient from 0.6 to 0.2. From now on the arbitrage profit will be limited to 15% while the peg value is not less than 0.2. Open / Comment

2023-01-12 15:06:20 Community Proposal

Voting for the idea #7 to reduce profits and increase limits is still on!

Voting stats

For: 64%
Against: 36%

Ends in 4 days (Jan 16, 2023)
-------------------------------
Remaining votes to reach the quorum: 1,282,217 Open / Comment

2023-01-11 19:15:14 DeFo Announcement

Dear community,

Due to the upcoming fundamental changes to the protocol, the Neutrino DeFo project has lost its initial relevance.
This is why we are introducing restrictions that will have the following impact:

* USDN->DeFo swaps are disabled to stop issuing DeFo tokens, while DeFo->USDN swaps are still available.
* DeFo->DeFo swaps are disabled.
* DeFo->USDN swap fees (Liquidity Provider, Primary Collateral, Protocol) are reduced to 0%.
* APR of DeFo tokens (EURN, CNYN, TRYN, RUBN etc.) staking and the Neutrino pools is reduced to 0%. Open / Comment

2023-01-07 14:32:45 Dear community,

We have implemented the changes described in the recent votings (IDEA #5 and IDEA #6).

From now on:

* If USDN is depegged, the USDN->WAVES arbitrage profit is limited by 15%
* BR calculation formula includes the current peg value
* USDN staking APR is redirected to the reserves Open / Comment

2023-01-07 00:29:40 Voting results

Dear community,

We want to thank you all for participating in the votings for ideas that have recently finished with the following results:

* Limit arbitrageurs profit to 15% - Quorum has been reached: voted "Yes"
* Redirect USDN APR to reserves - Quorum has been reached: voted "Yes"

At this time the votings reached quorum in one day! This is indeed impressive timing that indicates how much our community is united and involved. The changes are planned to be implemented on January 7, 2023. Open / Comment

2023-01-06 23:08:10 Neutrino community has accepted the proposal to transition USDN from stablecoin to Waves Ecosystem Index Token! Here’s what happens next!

Introducing WIXT - The Waves Index Token

Read the full article: https://blog.waves.tech/en/usdn-wixt

WIXT will be collateralized by a basket of Waves Ecosystem tokens. The price will float based on supply & demand & indirectly based on Backing Ratio (BR).

WIXT changes focus from peg to $1 to achieving 100% BR.

SURF holders will continue to have an arbitrage opportunity.

Buying SURF is like buying WIXT at a discount; you pay whatever the BR is
Staked SURF auto-converts to WIXT when BR hits 115%

Roadmap:

January: WIXT dev.
February: Rebrand to WIXT.
March-April: Adding $15m of ecosystem tokens as collateral. Each token will be added one-by-one via governance vote!

Join us on this journey!

Read the full article for more: https://blog.waves.tech/en/usdn-wixt Open / Comment