With the new multi-collateral system implemented, some of the existing protocol mechanics should be changed to enable USDN arbitrage. We propose to start with a reduced USDN->WAVES Max Swap Amount because it is difficult to predict users’ behavior.
With the new multi-collateral system, the BR value will go up (while the swapped USDN will be burned, so BR will go even higher). Based on the current protocol mechanics, the Max Swap Amount might go very high and we want this to happen in a more controlled manner. The a parameter will be changed from 0.63 to 0.15, see the following Google Excel Example for more details.