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USN

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r/CryptoMarketsSee Post

Another depegging happened - is that the end of algorithmic stablecoins?

r/CryptoCurrencySee Post

New Legislation Could End USDD & USN, Create Stablecoin Rush

r/CryptoCurrencySee Post

Summoning the stablecoin season...

r/CryptoCurrencySee Post

Tron USDD or Near USN? Which algostable are you using and where are you farming them?

r/CryptoCurrencySee Post

Found this video on Near Protocol’s algorithmic stablecoin USN and how it hopes to maintain its peg. Fiftieth time’s the charm? Thoughts?

r/CryptoCurrencySee Post

Aurora+ is an excellent way for onboarding new users

r/CryptoCurrencySee Post

After the UST debacle, will the copycats (algorithmic stablecoins) Near's USN and Tron's USDD see any adoption or not?

r/CryptoCurrencySee Post

Something new can always be born after the death of the Terra-Luna

r/CryptoCurrencySee Post

What is stablecoin? Terra UST, Tron USDD vs Near USN

r/BitcoinSee Post

BTC is the standard of currencies in the virtual currency world such as UST, USN, USDD,...

Mentions

NEAR: I love the overall ecosystem. The default wallet is great, everything is fast and cheap and the foundation seems to be making the right moves (shutting down USN when it was clear it wasn’t going to work). The underlying tech is outstanding (so far as I understand it). My concern is utility and adoption. It’s a pretty dead community and I don’t know how that changes. I was hoping Solana devs would come over and bring users (both coded in RUST) but so far not so much. I’ll keep a little bag so I can keep using it but more and more I’m doubting anything kills ETH.

Mentions:#NEAR#USN#ETH

My stablecoins are doing well. No better place to be right now. Choose your flavor: BUSD? USDC? or more traditional: EEUR? EURST? Good thing they are 100% backed and not algorithmic like UST, USN and co.

What happened with USN further proves Algo stables can't work. Though, I think they shifted from that system at some point, to backing it with USDT collateral or so.

Mentions:#USN#USDT

This post is too good to be flaired comedy 😂 I hope he learned his lesson and he won’t connect Kim coin with an algorithmic stablecoin… But if he do, what name should he give this stablecoin? USN would be a good one because Nukes are Kim’s favorite toys.

Mentions:#USN
r/BitcoinSee Comment

Indeed, but when zeros are cut from fiat denominations, that technically creates a new currency. USD would become USN or some such. "New dollar." Frankly it should be an embarrassment to any central bank when such a redenomination becomes necessary.

Mentions:#USN
r/CryptoCurrencySee Comment

I'm not sure of the exact mechanism used to mint USN but I think we've seen enough algorithmic stablecoins collapse to know algorithmic stablecoins can't be trusted.

Mentions:#USN
r/CryptoCurrencySee Comment

No it doesn't? If you're talking about USN then that's just like DAI on Ethereum, absolutely nothing to do with the underlying protocol and especially nothing to do with UST/Luna mechanism.

Mentions:#USN#DAI
r/CryptoCurrencySee Comment

Anyone well-versed on Near's USN stablecoin? This sh\*t seems WILD! [https://www.publish0x.com/cryptoeq/feeling-reckless-and-risky-then-i-have-just-the-stablecoin-f-xozmrdq](https://www.publish0x.com/cryptoeq/feeling-reckless-and-risky-then-i-have-just-the-stablecoin-f-xozmrdq)

Mentions:#USN#WILD
r/CryptoCurrencySee Comment

It's actually 12.80% right now on ref finance for the USN-USDT pair.

Mentions:#USN#USDT
r/CryptoMarketsSee Comment

Quite some buzz with stablecoin news today \- USN escaped a smart contract exploit from having coins being over printed \- Aave founder, Stani Kulechov is requesting for comments on a possible new decentralized stablecoins called GHO that is native to the Aave ecosystem \- Shiba Inu has announced several new projects which include a new stablecoin, alongside a new reward token, TREAT.

Mentions:#USN#TREAT
r/CryptoCurrencySee Comment

I guess USN over USDD. https://www.youtube.com/watch?v=dLDS2pka1SQ

Mentions:#USN#USDD#SQ
r/CryptoCurrencySee Comment

So USN over USDD? https://www.youtube.com/watch?v=dLDS2pka1SQ

Mentions:#USN#USDD#SQ
r/CryptoCurrencySee Comment

Is NEAR and USN counted among reputable projects?

Mentions:#NEAR#USN
r/CryptoCurrencySee Comment

It's double collateralised and reflexive in its rebalancing & variable yields. To take it to zero would require another a bigger vector to attack - USDT, and Near, in addition to USN exit if the faith disappears. Yields would dry, reserves would be spent, but the peg can be saved.

Mentions:#USDT#USN
r/CryptoCurrencySee Comment

I was gonna comment USN uses WAVES to maintain its peg and not NEAR, until a searched and WAVES protects the peg for USDN. The whole space is filled with this algorithm stables. Someone needs to flush the toilet.

r/CryptoCurrencySee Comment

Near is another obvious Ponzi and will fail the same way that Terra-Luna did, only slower. The key thing to understand is that $NEAR doesn't necessarily have intrinsic value. It is supposed to be the collateral for USN but in a contracting market, nobody wants to have that collateral in their pocket. This will result in a similar price crash as Luna, and suddenly this reserve fund (holding mostly Near) will be pretty worthless.

Mentions:#NEAR#USN
r/CryptoCurrencySee Comment

USN is over collateralized. How is it an algo stable coin?

Mentions:#USN
r/CryptoCurrencySee Comment

Be careful with USDD and USN, they are basically UST forks from what I understand.

Mentions:#USDD#USN#UST
r/CryptoCurrencySee Comment

May I offer you some algorithmic stablecoin USN, which offers a 10% APY, backed by the floating Near Protocol, with the possibility of making 20%? [https://www.theblockcrypto.com/post/143275/usn-stablecoin-goes-live-on-near-protocol](https://www.theblockcrypto.com/post/143275/usn-stablecoin-goes-live-on-near-protocol) It's toooootallly different this time.

Mentions:#USN
r/CryptoCurrencySee Comment

So when is this guy: [https://www.theblockcrypto.com/post/143275/usn-stablecoin-goes-live-on-near-protocol](https://www.theblockcrypto.com/post/143275/usn-stablecoin-goes-live-on-near-protocol) Going to get hammered? Near (LUNA/TITAN incarnate) is currently valued at 4.5 billion and that just launched. So do we just have to wait until USN's market value starts approaching Near Protocol's (currently at 4.5 billion) and go through this shitshow again?

r/CryptoCurrencySee Comment

I think all algorithmic stablecoins can be exploited (has there been one that has endured multiple bear markets). Near Protocol USN stablecoin is supposed to be very similar to UST minting process so be very careful

Mentions:#USN#UST
r/CryptoCurrencySee Comment

watch out for USN on Near as well. I think algo stables are on hold for a while...

Mentions:#USN
r/CryptoCurrencySee Comment

Thanks for the explanation, didn't know about USN.

Mentions:#USN
r/CryptoCurrencySee Comment

It's because of USN. Another algorithmic stable coin like UST. It's very new/recent so it won't be a crash that happens very near ;) in the future but watch it grow over the next few years, mature, and how they are planning to solve issues that failed Luna. I'd say WAVES and USDN is next after Luna/UST but pay close attention to Near over the next few years. It's already one of the top projects in this space and while history doesn't repeat itself, it often rhymes.

r/CryptoCurrencySee Comment

nah USN is brand new. Its MC is too low and it is over collaterized with 1B$ in USDT

Mentions:#USN#USDT
r/CryptoCurrencySee Comment

USDN and USN Waves and maybe Near

Mentions:#USDN#USN
r/CryptoCurrencySee Comment

USN and USDN are likely to be the next UST.

Mentions:#USN#USDN#UST
r/CryptoCurrencySee Comment

USN? its already listed on some exchanges

Mentions:#USN
r/CryptoCurrencySee Comment

Nothing's confirmed. What i know is that 11% are guaranteed since the Near that is locked in for USN can generate such yield. Extra yield will come from protocol's incentives

Mentions:#USN
r/CryptoCurrencySee Comment

>Are they going to continue buying? I don't know, i've seen this info from someone tracking their wallets. What i guess is that they probably have some insight on some incentives coming for that coin. If that's the case there will be a lot of buying pressure on USN which should help Near's price. But that's just speculation on my part.

Mentions:#USN
r/CryptoCurrencySee Comment

> It keeps having these crazy pumps out of nowhere Alameda invested a few millions into their USN stablecoin this week-end. That's what has driven its price on the way up

Mentions:#USN
r/CryptoCurrencySee Comment

Has anyone done anything interesting with NEAR’s stablecoin USN? Any good/safe yield opportunities?

Mentions:#NEAR#USN
r/CryptoCurrencySee Comment

>But why would it? For one, a lot of liquidity could just relocate to higher APY stables like USN now. I mean for how long can the anchor sustain it's high APY printing? Luna tanked 20% today on a mere withdrawal of 1.5% of the supply from anchor with peg hitting as low as $0.9 and this is after they are collateralizing it like mad with BTC. It's almost a joke they are calling it coordinated attack. It certainly does not look good as more and more people are incentivized to rotate and withdraw, not to mention the de-pegging doesn't help.

Mentions:#USN#BTC
r/CryptoCurrencySee Comment

No, it's possible but the chances are so low that it is not a valid reason to switch stable coins. It has so much backing it would quickly recover it's peg if it did lose it. It's 19.5% APY is unsustainable tho. They will probably settle around 13% in the future as that seems sustainable with the levels of borrowers they have. It will be interesting to see what USN does and tries to offer more then ANC.

Mentions:#USN#ANC
r/CryptoCurrencySee Comment

What you all think of Near stablecoin USN?

Mentions:#USN