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Neutrino Protocol is a multi-assetization protocol, which acts as an inter-chain toolkit for frictionless DeFi. It facilitates price stabilization. Price stabilization is a process where there is little to no change in the economy over some time. There is no inflation or deflation, and the situation is neutral.
Price stability will help people recognize changes in the relative price between goods without any change in the general levels of price in the economy.
Neutrino Protocol is an infrastructure for plug-and-play algorithmic finance. Neutrino is an algorithmic price-stable assetization protocol that acts as an accessible DeFi tool kit. It facilitates the creation of stable coins pegged to particular real-world assets like national currencies and commodities.
Neutrino USD (USDN), being an algorithmic stablecoin, is pegged to the US dollar and is backed by WAVES. They are leveraging the staking model of the Waves protocol is based on the consensus algorithm. The USDN staking yields a sustainable reward of up to ~ 15% APY. The protocol facilitates the issuance and staking of USDN.
Decentralized Forex (DeFo) is the extension on the top of the Neutrino protocol, which facilitates instant swaps of stable-price assets tied to popular national currencies, indices, or commodities.
Governance Neutrino Token (NSBT) empowers users to influence decisions concerning the Neutrino protocol, product, and feature roadmap and make changes to governance parameters. Issuance and staking of NSBT.
So, anyone venturing into the Neutrino protocol ecosystem will have to understand USDN and NSBT issuance and the staking process.
Neutrino on Ethereum is the gateway to inter-chain DeFi. USDN, the decentralized dollar-pegged stable coin, runs on the Waves Blockchain. The Neutrino USD (USDN) from the Waves Protocol is ported to the Ethereum network. USDN provides its holders with a sustainable revenue of up to 15% APY through the underlying PLoS into the Ethereum Network. USDN yields its holders with a sustainable revenue of up to 15% APY through the underlying PLoS consensus algorithm.
In the Ethereum network, users can earn daily rewards automatically by holding ERC-20 USDN in their wallet or a liquidity pool.
USDN can be bought from CURVE, UNISWAP, and Mooniswap. You need not take any extra action, except for just holding USDN in your wallet or any AMM liquidity pool like the Uniswap, Mooniswap, Curve, or Balancer.
You can then collect daily staking payouts of ~12-15% APY. You will receive the first staking reward payout within 48 hours.
The supply info page on the Waves Exchange provides detailed information about the total supply.
