The only reason financially speaking for someone to mint USDN right now is if you are a whale and want to do big swaps or if USDN at curve is at high price, so you can win some money doing arbitrage. Both cases are very rare to occur.
So I think we need to start thinking new ways to make minting USDN attractive, otherwise USDN market cap is going to stagnate.
The easier one right now in my opinion is to lower the fee, by lowering the 2% fee we can make minting more attractive to more people.
The other thing is that there is no option to loan USDN, similar to what is DAI. I see a big attractive reason to mint DAI if I want to stay long at ETH. There is no option to that with WAVES-USDN, if I want to mint USDN I’m going to lose my Waves. I think there should be an option to mint USDN by loaning Waves, we could use BR at the moment, so for example if BR is 2 we could loan 1 USDN for each $2 dollars worth in Waves. By doing this there is a big attractive to loan waves for USDN when BR is low, which is good because that means USDN is being minted when waves is at low prices.
I don’t know. Those are just some ideas. Maybe you can think of other use cases. But we can’t stay as now, we had a lot of minting when we got to curve, but I think we are not getting much more from them right now so we should start thinking of new ways so minting USDN become attractive again.