How to make more than 50% of your NSBT investment in just 1 week?
Well, hello there, Neutrino community and all the other crypto enthusiasts! Are you ready for fast and easy profit making? You can take advantage of the price difference and make more than 50% of your Neutrino investment in 7 days or even double your investment in just 14 days! Read on to learn how…
Neutrino protocol supports stable coins that are pegged to real-world currency. For example, USDN price is pegged to USD price, EURN price is pegged to EUR price, etc. NSBT (Neutrino System Base Token) is the token that ensures the stability of the Neutrino protocol reserves.
Currently USDN is depegged, meaning that the price of 1 USDN token on exchanges (such as Waves.Exchange, curve.fi etc.) may go lower than $1 and the price of WAVES on the contract is lower than on the exchanges.
This gives great opportunity to make profits by means of arbitrage.
What is arbitrage and why is it a win-win solution for the Neutrino users and the protocol itself?
Arbitrage is the practice of taking advantage of a difference in prices in two or more markets. It allows users to make additional profit while burning extra USDN on the market. This reduces USDN market cap and stabilizes peg at AMM, DEX and exchanges.
How to arbitrage?
Important: Please note that the following method employs USDN→WAVES swaps, which work only for NSBT stakers (gNSBT holders).
If you already have gNSBT proceed to Step 3.
If you don’t have gNSBT yet, then:
- Buy NSBT via smart contract or get it by trading on Waves.Exchange.
- Stake your NSBT to get gNSBT. This will provide you with daily swap limit that you will use for the arbitrage. The more NSBT you stake — the higher is your swap limit.
- Swap USDN to WAVES. gNSBT holders can get WAVES token for the smart contract price by means of USDN→WAVES swaps. When USDN is depegged, the smart contract price is lower than the price on the exchange. Swap usually takes about 2 minutes.
4. Right after that, sell WAVES on the exchange (for example on Waves.Exchange, curve.fi or puzzle.surf) to get 15–20% profit.
For example, if you stake 27,000 NSBT you will be able to swap ~554,000 USDN to WAVES, then instantly sell it on the exchange at a higher price to make profit.
5. Calculate your profit: 612,416–554,000 = 58,416 USDN
Repeat the procedure while USDN is still depegged. You can swap USDN to WAVES once every day.
Conclusion. ROI (Return on investment).
Assumptions in this example:
* the current WAVES exchange price is 8.1 USDN,
* the current WAVES price on the contract is 7.29 USDN,
* lets assume that the current price of NSBT is 20 USDN and your stake is 27,000 NSBT (27,000*20=540,000 USDN). With such stake you will have 554,000 USDN swap limit (calculated by the formula: 0.125*gnsbt^1.5).
If you swap 554,000 USDN to WAVES and sell it on exchange every day for 1 week, you can make as much as 58,416*7=408,912 USDN. So, you can make more than 50% of your original NSBT stake in just one week or double your stake in two weeks!
Read more about Neutrino and NSBT at docs.neutrino.at.
Neutrino website: https://neutrino.at
Twitter: https://twitter.com/neutrino_proto
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