neutrino-dollar logo download PNG or SVG

Information about neutrino-dollar

The Neutrino index is a decentralized financial (DeFi) platform that operates on the Waves blockchain. It recently changed the name of its index token from USDN to XTN. Neutrino has two primary tokens: XTN and NSBT. XTN is a crypto-collateralized indexcoin that relies on three Waves Ecosystem tokens - WAVES, WX, and VIRES - for support. Its primary purpose is to incentivize users to participate in the Neutrino platform by rewarding those who provide liquidity. NSBT, on the other hand, serves as the governance token and enables users to make decisions regarding the future development of the Neutrino protocol. It is also responsible for ensuring the stability of collateral reserves within Neutrino's smart contract. When users lock WAVES tokens into a contract, additional NSBT tokens are issued to safeguard the system from any deficit. Furthermore, holders of NSBT tokens can engage in staking activities to earn fees from swapping WAVES to XTN.

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