If USDN falls below 50 cents, the same thing will happen with LUNA and its stablecoin, Waves will go to absolute zero in hours
apocalyptic prediction, can it verify soon ?
support action, still totally absent, is terrible.
During last AMA session, few days ago, Sasha said the team is taking all necessary actions to solve actual problems, as at the end of December 2022 or beginning of January 2023 there will be the launch of Power DAO and implementation of new mechanics in $USDN.
The hope is this will attract new users and increase $USDN liquidity and recover $USDN peg.
Let's see if the team will be able to recover from this messy situation
The current situation is indeed not pretty. But the Waves team has not buried its head in the sand so far, but continues to develop possibilities and has ideas to make the whole system more stable. Other crypto projects have already given up or made a rugpull in the past. That is something we always have to keep in mind about Waves and give the team the credit for.