Cryptocurrencies Encyclopedia

Neutral Dollar (NUSD) Introduction:

The Neutral Dollar (NUSD) is a metastable basket initially comprising of USDC, PAX, TUSD, and DAI. The NUSD basket itself is fully collateralized and inter-exchangeable with constituent stablecoins, with the ability to add new underlying stablecoins in the future. The construction is designed to be liquidity- and exchange- neutral, enabling the Neutral Dollar to have merits and applications that no individual stablecoin project alone can exhibit. The Neutral team believes the NUSD is a compelling use case for a more stable instrument for trading, hedging and investing - and also a way to facilitate broader stablecoin usage for users to serve every stablecoin need.

In addition to B, the Neutral Dollar is accessible through a web client supported by MetaMask and ImToken. Further integration will be rolled out to several wallets such as Bixin, Infinito, etc. Nexo Earn will also support Neutral Dollar in a pilot program where users can earn 6.5% interest on their deposits.

Key Features

Superior ‘metastability’ from an empirical and theoretical standpoint for all stablecoin use cases

Innovative economic mechanism to aggregate liquidity for the underlying assets

Access to change between diversified and individual stablecoin exposures for any specific application

Autonomous, decentralized rebalancing of collateral through user participation

Real-time transparency and verifiable on-chain settlement with better scalability

Neutral, founded in 2018, is a smart contract system offering superior financial instruments to the cryptocurrency space. Neutral’s core team comprises of experienced investors, quantitative traders, trading system developers, and is advised by Nobel Prize economists and financial industry experts. The company is backed by Sequoia Capital China and has offices in San Francisco, New York, and Beijing.

Neutral Website: https://neutralproject.com/

Neutral Dollar: https://neutralproject.com/download.html