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A Message to the Community: $USN Wind-down
TLDR; $USN is gradually winding down. The contract will be accessible indefinitely, with only minting disabled. $USN is safely redeemable 1:1 for $USDT through a $40M Protection Program.
Full statement: link.medium.com/2AaVcPmjoub
We just wanted to provide a quick update on USN v1 in response to certain articles published today in light of the USN wind down.
1. USN v1 did not have any burn/mint relationship to $NEAR
2. Reserves were never held solely in volatile assets.
3. USN evolved and adapted quickly - v.2 was launched in June 2022 - putting our users and ecosystem first.
Read about the $40M $USN Protection Program from the @NEARFoundation and White Knight Protection (@auroraisnear ) here:
near.org/blog/near-launches-…
While our journey is coming to an end, we believe this is just the beginning for decentralized stablecoins on #NEAR and in the broader crypto industry.
All of DCB's code and contributions are open source and remain so indefinitely.
We experienced technical difficulties and couldn't open Twitter Spaces with @Arctic_trade. New date and time will be announced. We are sorry for this inconvenience.
We are excited to answer more questions about our partnership with @Arctic_trade!
Join LIVE and win up to 500 $USN from Quiz and Live Questions in #airdrop prizes!
1⃣Follow @DcntrlBank and @Arctic_trade
2⃣RT and Like
3⃣Set your reminders & join LIVE👇
👉xitter.gq/i/spaces/1kvJpmDabBaxE
Decentral Bank retweeted
All participants will be eligible to claim Arctic & DCB AMA #NFTs!
1⃣Follow @DcntrlBank and @Arctic_trade
2⃣RT and Like
3⃣Set your reminders & join LIVE👇
👉xitter.gq/i/spaces/1kvJpmDabBaxE
We are excited to answer more questions about our partnership with @Arctic_trade!
Join LIVE and win up to 500 $USN from Quiz and Live Questions in #airdrop prizes!
1⃣Follow @DcntrlBank and @Arctic_trade
2⃣RT and Like
3⃣Set your reminders & join LIVE👇
👉xitter.gq/i/spaces/1kvJpmDabBaxE
Decentral Bank retweeted
Quiz lovers, time to test your knowledge 🤓
This time, we invite the @spin_fi and @DcntrlBank communities to join our quiz and win a stake of 150 $USN 👉 quizchain.org/quiz/54
The correct answers will be revealed on Monday 🪐
All participants will be eligible to claim Arctic & DCB AMA #NFTs!
1⃣Follow @DcntrlBank and @Arctic_trade
2⃣RT and Like
3⃣Set your reminders & join LIVE👇
👉xitter.gq/i/spaces/1kvJpmDabBaxE
We are excited to answer more questions about our partnership with @Arctic_trade!
Join LIVE and win up to 500 $USN from Quiz and Live Questions in #airdrop prizes!
1⃣Follow @DcntrlBank and @Arctic_trade
2⃣RT and Like
3⃣Set your reminders & join LIVE👇
👉xitter.gq/i/spaces/1kvJpmDabBaxE
What's going to happen with the $NEAR #DeFi ecosystem with native #USDT?
⏰Join us today at 2pm UTC!
👉xitter.gq/i/spaces/1vOxwMLajArGB
Long and behold, time to get on the ground with native #USDT on #NEAR and talk about the new pool/farm of #NEARX by @stader__near 💪🏼
⏰See you all today at 2pm UTC
xitter.gq/i/spaces/1vOxwMLajArGB
You will be able to mint $USN when borrowing against whitelisted volatile cryptocurrencies. Across chains. Very soon!
Join the #AMA and win up to 200 $USN in rewards:
▪️Follow @DcntrlBank and @spin_fi
▪️Like and RT this post
▪️Ask your question LIVE today at 1pm UTC👇
xitter.gq/i/spaces/1RDxlaXRyjmKL








