While USDN is backed by WAVES, as more USDN is issued, the yield of USDN will decrease. In order for the entire project to run smoothly and healthily, the market value of WAVES needs to maintain continuous growth. When yields are low, there is a risk of capital flight. If the game is to continue, WAVES must attract users to deposit USDC and USDT to the VIRES protocol so they can borrow these stablecoins via newly minted USDN. This naturally requires them to offer above-market interest rates to incentivize people to deposit USDC and USDT to the VIRES protocol. And when the issuance of USDN will eventually stop, and once the goal is reached, there will be no more WAVES purchase plans, and the entire cycle will die quickly. If the price of WAVES drops enough, the market value of WAVES may be lower than the outstanding USDN, which means that USDN will become insolvent and decoupling will occur. If USDN decoupling really happens, users who deposit USDC will Faced with huge losses, it would be a disaster. Everything at Waves is backed by borrowed money, and the Ponzi scheme is still going on. So before you consider disarming Waves, please be calm enough.