The Waves development team has published a proposal to rebuild the USDN stabelcoin.
The plan includes the following items: add $15 million worth of tokens from the Waves ecosystem (WX, VIRES, SWOP, EGG and WEST) to the USDN provision; donate these tokens to the projects themselves; resume swaps with USDN; offer SURF and NSBT holders the opportunity to receive additional income from swap commissions of Waves ecosystem tokens; restore unconditional withdrawals for users who have added USDN to the Vires Finance protocol.
The vote will run until December 26.
For his part, Waves founder Sasha Ivanov announced that a new Stablecoin with “hard tethering” and a new architecture will also be released in the second quarter of 2023.