The master plan to make all Waves protocol users whole and restore full functioning of its ecosystem’s DeFi Protocols. On the 2nd of April 2022, the Neutrino Protocol Stablecoin — USDN depegged from the US dollar. This was due to aggressive selling of the token in the USDN liquidity pool on Curve Finance. The de-pegging alone was incredibly unfortunate, but the problems didn’t stop there. Then Vires Finance, the Waves-based lending protocol, ran into a liquidity crisis, a “bank run.” Worried lenders rushed to withdraw their positions from the protocol.