HOW NEAR is trying to overcome the limits of UST? PROs and CONs
0#usn #near #usd #defi
USN is about to launch its incentive program, but how does it work? What are the risks and how is it trying to overcome the UST limits?
https://medium.com/nearprotocol/decentral-bank-launches-usn-a-near-native-stablecoin-cafe1ec0c5af
https://decentral-bank.finance/
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00:00 USN a stable coin on Near
00:29 Why we will talk about USN
01:22 USN, an algorithmic stable coin
01:48 The big difference between USD and USN
02:09 The interface you can use to mean new USN
02:36 One of the reasons why the whole Luna Terra ecosystem has collapsed
03:30 USN what is different
03:51 How it is possible that they are able to maintain the Peg
04:05 Their white paper, summarizing what they are saying
04:21 Different types of stable coins, what they are trying to do: a kind of mix
04:49 The point
05:43 A big problem
06:39 What will happen at the moment when USN will scale? The main challenge
08:14 The main problem, the risk
09:18 The trust
09:39 What is needed
09:56 My question: from where the money will come
10:47 My personal opinion
11:21 The main challenge
11:31 The only features now available
12:03 A recap about the state of the art of USN
12:25 The main feature of Decentral Bank
13:35 An organic Yield
14:15 Suggestions
15:26 Conclusion