We have seen the success of Terra adding BTC to UST collateral to increase confidence in UST and LUNA.
I propose we add other collateral types that can be used to mint USDN.
In keeping with the “wrapped WAVES” with a native APY theme, we can take a basket of PoS L1 native tokens, say the top 3 or 5 or whatever the community decides from this list and add this as a collateral type. Neutrino would be responsible for delegating or leasing their tokens to earn stake APY.
Alternatively we can choose the most proven crypto asset as a collateral type in BTC.
Obviously this is an idea that has already been done many times and the exact parameters should be discussed by the community. Having non-WAVES as collateral types for USDN may add stability and reduce pressure on WAVES in periods of extreme stress.
I understand the common objection would be that WAVES would lose bid pressure if other collateral types were added. This is true but USDN may benefit in the long run by onboarding members of other ecosystems. There can be parameters to require at least 50% of the collateral backing USDN be WAVES or some other condition to ensure USDN is tied to WAVES.
I look forward to community comments.