Also is there any reason why this thread isn't getting talked about with waves price going up so much? I assume its because all other altcoins price went up a lot so that is why waves isn't spoke much?
I do not know why there is not much talk about waves. But I guess one reason might be that the time Sascha ivanonv left Nxt was not soooo nice and some Nxt owner felt threatened unequal.
Also anyone here stake USDN? Im very curious about this because you can literally earn staking income like a stablecoin like usdt/usdc if you stake usdn?
Example if have 10,000 usd and buy btc or waves. Then convert it to USDN. You literally are going to earn around 1,000 usdn a year which you could convert to btc/usdt/usdc and then send it to coinbase and convert to fiat and earn around 1,000 usd a year if you have around 10,000 usd right now?
So I do staking usdn also I do Eurn, but most lucrative at the moment is to provide liquidity via
https://vires.finance/You are completely right that's what would happen with your 10,000 USD if you would stake them for one year.
But I see usdn is only worth 0.98 now. So is that a huge concern? I thought it was always close to 1 dollar?
The problem with the usdn price of 0.98 is the high gateway fee for usdc and usdt (ERC20) for which you get astronomic Apy at vires finance. That is the main reason why usdn is so low at the moment.
I hope this will help you.