TN will experience delayed wave 5 up to $1.7 usdn because of vires rugpull money 400m usdn. I predict up to 20m of this money ivanov will divert into TN pump.
Time of writing 1 cent usdn.
TN pump.
Time of writing 1 cent usdn.
It is only a question how diluted the TN pump will be with usdn:usdt depeg. I predict 40:1 depeg whereby speculation will drive it down in combination with binance pump to match $60 usdn price on waves dex.
After Binance short cover USDN will repeg 1:1.
So it is possible to exit TN at 30 cents and up to $2 usdn but only when USDN is depegged 40:1 and there is a counterparty risk when holding USDN at such depeg because it can be locked by Ivanov as he did with WUSD. However I don't think this will happen before window of opportunity to cash out and I also think USDN as a concept will prevail for some time ahead.
There is no reason why swop and waves staking could not generate high Apy as a lending platform the only reason it temporary failed is because of Ivanov criminality/greed.
It is better when Ivanov is removed from waves and face fraud charges in US jurisdiction one can only hope for this solution. Or his situation can be managed privately without due process.
Time factor for this scenario is up to 2 years from present. Could be tomorrow, could be in 2 years. We wait. Open positions is apparently ticking at $1.7m daily so it will pop sooner rather later.