Ventuary Labs launches Neutrino – the first Waves blockchain stablecoin

Neutrino is currently implemented as a set of smart contracts on Ride programming language and is the first protocol of its kind on Waves blockchain. Ventuary Labs The Neutrino protocol development team is Ventuary Labs, which previously released the online course “Mastering Web3 with Waves” for blockchain developers and also launched the DAO platform for Waves Labs incubator.

USD-N is essentially a cryptocurrency with a stable exchange rate, which is supported by the algorithm: when the price of Waves against USD rises, and a special reserve fund is formed to maintain backing in the event of a Waves token price drop. Neutrino was created to stimulate the development of the staking market and investment in the economy of Waves platform, providing more opportunities in terms of risk management for both traders and long-term holders.

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