Here is how the daily dollar for savers on @Muna_africa is generated πΈ
1/7
Dollar savings on #Muna is done with USDN - a stable coin like USDT but algorithmically backed by Waves.
Waves are locked to mint new USDN via neutrino smart contract
Learn more: neutrino.at
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Dollar savings on #Muna is done with USDN - a stable coin like USDT but algorithmically backed by Waves.
Waves are locked to mint new USDN via neutrino smart contract
Learn more: neutrino.at
2/7
π Say Waves price is $30, 30 USDN will be minted if 1 Waves is locked on the neutrino SC
π‘οΈ#Waves is a Leased Proof of Stake Cryptocurrency which means it can be staked on a node to secure it's network and generate more Waves as reward for block validation on the network
π Say Waves price is $30, 30 USDN will be minted if 1 Waves is locked on the neutrino SC
π‘οΈ#Waves is a Leased Proof of Stake Cryptocurrency which means it can be staked on a node to secure it's network and generate more Waves as reward for block validation on the network
3/7
Since #Waves is a POS coin, the locked Waves used as collateral on neutrino smart contract to mint USDN are put to work, staked on Neutrino node running 24/7, validating blocks, generating more Waves for securing the network π₯³
This process creates new #Waves (block reward)
Since #Waves is a POS coin, the locked Waves used as collateral on neutrino smart contract to mint USDN are put to work, staked on Neutrino node running 24/7, validating blocks, generating more Waves for securing the network π₯³
This process creates new #Waves (block reward)
π± The newly created Waves are again used as collateral on neutrino smart contract to issue new USDN, which is distributed to anyone locking their USDN holdings on Neutrino Smart contract.
USDN locking on neutrino smart contract is the "USDN saving"
USDN Market cap: $465m (CMC)
USDN locking on neutrino smart contract is the "USDN saving"
USDN Market cap: $465m (CMC)
Our #Muna app provides a simple and safe access for users to buy, sell and lock USDN.
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Interest rate (currently 13.95 APY) for USDN savers is determined by;
1. #Waves price (Currently $29.75) and
2. Amount of USDN locked (currently 90.99% of USDN total supply is locked)
4/7
Interest rate (currently 13.95 APY) for USDN savers is determined by;
1. #Waves price (Currently $29.75) and
2. Amount of USDN locked (currently 90.99% of USDN total supply is locked)
5/7
Based on these mechanisms, all @Muna_africa users, irrespective of their USDN savings amount earn at same yearly interest rate.
Savers can compound their money as daily USDN earnings are paid directly from Blockchain to their Muna account, withdraw funds anytime π
π
Based on these mechanisms, all @Muna_africa users, irrespective of their USDN savings amount earn at same yearly interest rate.
Savers can compound their money as daily USDN earnings are paid directly from Blockchain to their Muna account, withdraw funds anytime π
π
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#Muna users' funds are not invested into any external businesses or ventures to generate profit for them.
@Muna_africa USDN saving is open, transparent and interests are natively generated.
#Waves Blockchain running since 2016 and Neutrino since 2019 β
Last page π
#Muna users' funds are not invested into any external businesses or ventures to generate profit for them.
@Muna_africa USDN saving is open, transparent and interests are natively generated.
#Waves Blockchain running since 2016 and Neutrino since 2019 β
Last page π
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This is how savings should be & Muna is a gateway to access it
Check out what we doing with Muna via muna.app
Available for Android:
play.google.com/store/apps/detβ¦
iOS version:
apps.apple.com/us/app/muna-afβ¦
I'm open for your question & feedbacks, here or DM π
This is how savings should be & Muna is a gateway to access it
Check out what we doing with Muna via muna.app
Available for Android:
play.google.com/store/apps/detβ¦
iOS version:
apps.apple.com/us/app/muna-afβ¦
I'm open for your question & feedbacks, here or DM π
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