Neutrino v2.2.0 Multi-Collateral System Launches with XTN Support
On March 3, Neutrino announced on Twitter that the multi-collateral system has been launched in the update of Neutrino v2.2.0. The project team has added suppo…
On March 3, Neutrino announced on Twitter that the multi-collateral system has been launched in the update of Neutrino v2.2.0. The project team has added support for XTN to multi-collateral transactions on the XTN transaction/Swap page, and has added 100 million WX tokens to the multi-collateral reserve. In addition, the Neutrino home page, SURF and NSBT pledge pages have been updated to temporarily reduce the maximum buy/sell quantity of XTN by changing parameters a and b to ensure the stability of multiple collateral at the initial stage.
Neutrino’s multi-mortgage system has been launched in the v2.2.0 version update
Interpretation of the news:
Neutrino, the decentralized finance (DeFi) platform, has launched its updated Neutrino v2.2.0, which includes the implementation of its multi-collateral system. The announcement was made on Twitter on March 3, where Neutrino revealed that the updated version has added support for XTN, as well as 100 million WX tokens to the multi-collateral reserve.
The multi-collateral system allows for the use of multiple digital assets, such as XTN, as collateral for loans. It enables users to borrow against their digital assets without having to sell them, allowing capital to remain in the market, increasing liquidity.
In addition to the XTN support, the Neutrino home page, SURF, and NSBT pledge pages have been updated to ensure the stability of the platform. By temporarily reducing the maximum buy/sell quantity of XTN, the project team is changing parameters a and b to prevent any potential issues during the initial stage of the launch.
Overall, this update by Neutrino is seen as a significant step towards creating a more robust and stable DeFi ecosystem. The inclusion of XTN and multi-collateral support recognizes that more emphasis needs to be placed on securing stable coins and decentralized exchanges to prevent the volatility present in traditional cryptocurrencies.
In conclusion, Neutrino’s v2.2.0 update brings an essential feature that will allow users to hold onto their assets while still borrowing against them, creating more liquidity and stability for the DeFi ecosystem. By temporarily reducing the XTN maximum buy/sell quantity, Neutrino is taking the necessary steps to ensure that the launch is safe and without any issues.
Keywords such as Neutrino, Multi-Collateral System, XTN, Update, and Stability, all play a role in showcasing the highlights of the announcement made, and the importance it holds over the DeFi ecosystem.
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