On August 26, the price of the Neutrino USD (USDN) algorithmic stablecoin fell to $0.905. This was already the fourth in 2022 of losing parity with the US dollar.
On April 4, the asset’s price fell to $0.729. The subsequent unpegs were less dramatic.
On August 24, the project team implemented previously community-approved changes to the protocol parameters. They include adjustments to the maximum swap amount, the BR protection mechanism, and improvements to the distribution of rewards.
⚡️Update
We have implemented the changes from the latest voting.
✅USDN>WAVES Max Swap Amount depends on the current BR. WAVES>USDN Max Swap Amount remains unchanged
✅BR protection added
✅gNSBT rewards distribution between SURF and NSBT stakers has been improvedEnjoy😎 pic.twitter.com/O4e94VfG4U
— Neutrino Protocol 🌊 (1 ➝ 2)🏄🏻♂️ (@neutrino_proto) August 24, 2022
In August, the Polkadot-based stablecoin AUSD fell to $0.05 after a hacker attack.
Later, the issued Stable Universal stablecoin HUSD lost its peg to the dollar.
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