Neutrino Dollars allows the use of crypto tokens as collateral due to its advanced security infrastructure. This means that it ushers in a new age of crypto mainstreaming, making it more accessible and practical to users.
Neutrino Dollar is regarded as a next-gen crypto because of its advanced protocols which makes it less prone to hacks, downtimes, and is more capable of accommodating huge leads from the ever-growing number of users.
It has other value variations - USD Neutrino (US Dollars), EUR Neutrino (Euro), and BTC Neutrino (Bitcoin), just to name a few.
Through a smart contract, Neutrino protocol has three types of tokens, Waves token, USDN token, and Neutrino System Based Token, that are algorithmically joined together.
It has a defamatory function for DeFi-oriented blockchains to support its stablecoin feature.
The Neutrino Protocol project was first developed by Ventura Lab in collaboration with KozhinDev and Tradisys. Its technology management, website, marketing and customer is operated by Waves.Exchange. It was made to support a native token through an algorithm price-stable cryptocurrency platform.
These native tokens are known cryptocurrencies like Bitcoin, Ethereum, and Waves. Even for their popularity and high value, it is still difficult for them to be used as common currencies. Neutrino’s goal is to make these challenges become transparent and balanced.
The Neutrino Protocol is a pioneer of many other projects made by Ventura Lab’s blockchain development team. In just three months of its release, It actively became one of the popularly used decentralized applications made by Waves blockchain.
The Neutrino DeFi Open Finance system is believed to become an upcoming trend in the financial market due to its capability of being used as collateral. Aside from that, its advanced security infrastructure creates a new standard for other cryptocurrencies to follow, which would then make digital assets safer and more reliable.
The system allows the tokenization of real-world currencies, while crypto tokens are used as collaterals. Its smart contracts are based on trusted external operators like Price Oracle, Emergency Oracles, and Peacemaker Oracles.
Integration of the Waves Collateral. This will enhance the swapping procedures and the collateralization process where users can vouch for late payment.
Release of Collider Protocol. This would allow Neutrino to host hundreds of secured Waves token assets by utilizing the existing smart contract system.
Development of Neutrino Enhancement Proposals and Governance. This will improve the technology of the Neutrino Protocol and its functionality.
Improving Gravity Hub. Neutrino has seen the potential of Gravity Hub in enhancing it’s protocol’s decentralization, stability, and support to its network of blockchains.