USDN is the first decentralized stablecoin that supports staking by design. Neutrino USD is 100% backed by WAVES and features a robust price stabilization mechanism. The market cap is $170,829,182 and the 24h volume is $295,411.
- What is Neutrino (USDN)?
Neutrino is an algorithmic price-stable protocol that allows for the creation of stable coins collateralized by a native token and tied to a specific fiat currency. Neutrino Dollar (USDN) is the first stablecoin based on Neutrino concept and technology, tied to US Dollar and collateralized by Waves.
- How was Neutrino (USDN) launched?
Neutrino was started on a grant provided to Ventuary Lab, a team incubated by Waves Labs.
- Who is the team behind Neutrino?
The team behind the implementation of the algorithmic stablecoin vision is Ventuary Lab. It is a group of experienced developers and researchers with a substantial track record in decentralized applications and DeFi, such as the first Waves DAO. Ventuary Lab is incubated by Waves Platform and is responsible for providing roadmaps to be reviewed by external auditors, as well as for simulating and developing smart contract systems of the protocol.
Currently, the operational management of Neutrino technology, marketing, and neutrino.at website, as well as customer support, is carried out by Waves.Exchange.