Hello! The automatic adjustment mechanism of USN annualized rate has been officially implemented on January 7, 2021. The specific rules are as follows:
The original trigger condition of USN annualized fee rate reduction mechanism 2 was "24H USN average exchange rate at 0.99 USDT-1.02 USDT for 5 consecutive days". Considering that the trigger condition is too conservative and difficult to trigger, it is adjusted to "24H USN average exchange rate at 0.98 USDT-1.02 USDT for 5 consecutive days".
Through the above mechanism, the USN stable coin will also be given the characteristics of algorithmic stable coin as staking stable coin, which will be a very meaningful innovation. When the USN exchange rate fluctuates, the automatic linear adjustment of USN annualized rate can strengthen the pegged status of USN exchange rate and continuously expand the USN supply scale.
Thank you for your support and attention to Defibox!
January 7, 2021