USDN-Stablecoin

USDN is a US Dollar soft-pegged stablecoin which is a decentralized, unbiased, collateral backed. USDN is minted by Neku, nNeku and xNeku at the beginning phase with a minimum 150% overcollateralized loan level. In the next phase, other assets, such as BTC and ETH will be able to mint USDN. (Redeem from USDN back to your collateral assets, a 2% minting fee will be charged)

USDC Minting Liquidation:

150 % is the minimum overcollateralized loan level for minting USDN. If your collateral is lower than this level, you will be liquidated. Our recommended collateral safe percentage is at least 200% or more. You have to carefully monitor your collateral ratio preventing a liquidation.