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Henry Chukwuka Profile picture
Henry Chukwuka
@chukwuka021
Doings more than myself at @qurulab 🧑‍💻
Sep 7, 2021 • 8 tweets • 5 min read
Here is how the daily dollar for savers on @Muna_africa is generated 💸

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 2/7
📉 Say Waves price is $30, 30 USDN will be minted if 1 Waves is locked on the neutrino SC

🛡️#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