Can Neutrino (USDN) cash in on Algorithmic Finance? — Market Mad House

The Neutrino (USDN) is a stablecoin designed to cash in on algorithmic finance. Neutrino is a decentralized stablecoin pegged to the US dollar that runs on the Waves blockchain.

They claim USDN can give holders a sustainable revenue of up to 15% annual percentage yield (APY) with its consensus algorithm. Additionally, they claim tokenholders can earn daily rewards by holding ERC-20 (Ethereum Request for Comment) USDN in a wallet or liquidity pool. The daily rewards comprise staking payments they base upon a 12% to 15% APY.

They built the Neutrino USD (USDN) stablecoin with Neutrino. Neutrino is an algorithmic price-stable assertization protocol that acts as an accessible DeFi toolkit. Developers can use Neutrino to build stablecoins pegged to specific assets, such as fiat currencies and commodities.

Waves (WAVES) is a Russian built blockchain similar to Ethereum (ETH). They built Waves to host scalable and user friendly apps. On 9 December 2021, they claimed Waves had $1.7 billion value locked in DeFi, processed 51,600 daily transactions, and processed 245 million total transactions.

The Neutrino Protocol

Users can stake USDN with the Neutrino protocol or issue USDN through the Neutrino Protocol. People who…