Trisolaris is the #1 Decentralized Exchange on Aurora with more than 30M in TVL (as of Sept 28, 2022). The 3pool on Trisolaris consists of USDT, USDC, and USN is currently the highest TVL pool with more than $12M! This pool also has a farm with double rewards of USN and TRI with a current yield of approximately 11%, that’s some fine yield! In this article, we’ll guide you…

Ref finance is the leading Decentralized Exchange on NEAR with the TVL of $230M at the time of writing. The USN pool on Ref Finance consists of USDT.e, and USN is currently the highest TVL pool with more than $170M! …

$USN is the first NEAR-native stablecoin issued by Decentral Bank DAO. The top priority for $USN is to bring new use cases to the NEAR and Aurora community, and bootstrap cross-chain liquidity in the ecosystem. Huobi is one of the largest exchanges and according to coinmarketcap, this exchange has around…

Issue fixed. No funds lost or stolen. — Executive Summary On July 6th, 2022, the user pavladiv.near triggered a bug on the $USN v2.0 smart contract (not present in $USN v1.0) when they tried to redeem $USN for $USDT, and an incorrect amount of $USN was minted. All incorrectly minted $USN have been burnt and the smart contract has been…

TL;DR $USN v2.0 shifts to a flexible model that can adapt to any market condition. In Phase I, $USN will be 1:1 backed with $USDT: users can mint and redeem $USN only with $USDT. A native yield will be generated sustainably from $NEAR staking rewards. In Phase II, $USN will…

Decentral Bank announces the launch of its first stablecoin, $USN. $USN is a NEAR-native stablecoin soft-pegged to the US Dollar, backed by a Reserve Fund that contains $NEAR, along with $USDT initially. $USN’s core stability mechanisms consist of on-chain arbitrage and a self-balancing Reserve Fund based on the Currency Board…