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Topic: WAVES - Complete Blockchain ecosystem for a token economy - page 17. (Read 131020 times)

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We continue the tradition to meet up on Fridays! Today at 9:00 AM (EST) Sasha will join our weekly AMA to discuss $USDN resolution plan, previously published on our blog.

Ask your related questions in the comments - Sasha will answer them live! 🎥

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🔬 Discover the benefits and risks of decentralized money markets in this new article.

Learn why decentralized markets are gaining attention from investors and market participants, including the potential for higher returns and their unstoppable nature💪
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$USDN Resolution Plan is here! 💪

Turn USDN into an index asset for the Waves Ecosystem by accepting $WX, $SWOP, $VIRES, $EGG, and $WEST as collateral.

Read the full proposal

The proposal 👇

1️⃣ Add support for Waves Ecosystem Tokens

Why?
To diversify and increase the collateralization of USDN and allow USDN to benefit from the price appreciation of Waves Ecosystem tokens.

2️⃣ Donate $15million in Ecosystem tokens to Backing

Why?
Improve Backing to 20% and quarantine the contagion that the weak USDN price is spreading across Waves ecosystem projects.

3️⃣ Reactivate Swaps for Neutrino

Why?
Reactivating swaps will restore an extremely lucrative arbitrage opportunity for traders, which has historically been a highly effective mechanism for maintaining USDN’s peg to a dollar.

4️⃣ NSBT and SURF holders earn income in basket of tokens

Why?
By increasing the diversity of incentives, we can speed up the recapitalization of reserves.

5️⃣ Restart Vires Vesting, independent of peg

Why?
USDN Vesters can claim USDN everyday regardless of its price.

Roadmap 👇

🔷 23rd Dec - 26th Dec
Neutrino community voting for approval of resolution plan (multicollateral ecosystem tokens + new swap mechanic)

🔷 27th Dec - 5th Jan
Developer Implementation

🔷 6th Jan - 10th Jan
Voting for update contracts and UI

Voting starts tomorrow!

🕓 Tomorrow's AMA with Sasha will be to answer all community questions about this proposal. Ask your questions here in the comments.

legendary
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🚀 We are going live in few minutes! Join Sasha's AMA via this link.
Is there a written summary?

Was wondering about this as well because I could only partially attend the AMA live and after some search I found this pleasant Christmas gift by Medium user @NickWaves :

https://medium.com/@nikwaves/summary-of-weekly-ama-with-sasha-december-16-2022-d511aa110812

enjoy
legendary
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https://t1p.de/6ghrf



🚀 We are going live in few minutes! Join Sasha's AMA via this link.
Is there a written summary?
member
Activity: 1321
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📆 9AM EST - Thursday 29th of December

📍 Waves Tech Youtube Live

A New Wave is coming in 2023 👇

We must build applications that solve real problems to create a truly valuable blockchain ecosystem.

Blockchain *was* about building a better system for societies to function. But society is about more than finance, its:

🤝Social
💵Financial
⚙️Functional
💼Political

In 2023 - Waves will create those systems. With 4 new projects built for doing social good👇

@PWRDAO - A governance system for achieving goals
$USDN - the People’s Central Bank
The Free World - A new freelancer marketplace
SafeFi - Responsible decentralized fixed rate savings

These 4 projects mark a new chapter in Waves 6 year history. And the foundation of it all is Waves 2.0

🔷 High Throughput L1 - Targeting 2k TPS
🔷 Processing & Execution are Separated
🔷 State-changes calculated by shards

From here, we don’t focus on “crypto” we’re a decentralized technology company building applications with real-world value.

Crypto is Dead, Let’s make New Waves 🌊

Tune into the AMA at 9am EST on 29th of December! There will be a LIVE quiz in the comments section on YouTube and we’re giving away 1,000 $WAVES to the winner who gets all questions right. 🎁

Ask your questions in here the comments and in the community channels!
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🎄🌊 December is busy with new plugins, and here's the Ride plugin update for Visual Studio Code!

The plugin provides support for the smart contract creation on Ride and enables developing your own dApp on Waves by using VS Code tools.

Available features:

 🔷 Syntax highlighting;
 🔷 Code completion for global functions and fields;
 🔷 Snippets;
 🔷 Interactive console for Waves blockchain.

Try it out!
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www.MarquiseMuseum.com

USDN depeg will continue until 40:1 USDT rate based on the orderbook activity on waves and historical price of waves and technical formation.

This will double top at ~$60 on waves dex but not on binance.

With such dramatic depeg Ivanov will buy the capitulation flush on binance and cover his 1 billion short and this means that waves and USDN will be overcapitalized by a significant factor.

The Waves support message above is factually correct: USDN and the entire waves market cap below 1 billion is overcapitalized by Ivanov.

After the 1 billion short is covered, presumably around 70-90 cents, waves will massively pump back to 60 level and then triple digit continuation. So the depeg on waves dex at 40:1 USDN/USDT will be repegged after the short is covered and there will be collateral backing to support the new 60 dollar price.

During the depeg TurtleNetwork is scheduled for 59 cent pump as predicted. It has already started pumping using Ivanovs liquidation capital from vires rugpull.

My interpretation is that the 400 million USDN liquidation will be partially used to pump affiliate tokens on waves dex such as TN which means that the founding team will be vastly enriched if TN goes up and USDN then repegs in case they keep USDN.

The question is whether they will be complicit in this massive securities fraud by indirectly receiving this level of funding.

Mens rea is settled with this post because it is now public information so there is no plausible deniability.

So to Bram and the TN insiders who plan to dump during 40:1 USDN depeg be careful. My guess is that greed will overcome criminal liability and profit in the millions will outsize punishment but it is still fraud on massive scale which started with Vires rugpull.

SBF was recently arrested in Bahamas. Just because a market is unregulated does not mean freedom of criminal conduct.

There is speculative interest in USDN volatility and in an emerging market any outliers will be absorbed by organic growth factor. Waves is a very small cap coin it is no big deal with a 400 million depeg the investors will absorb it and natural growth will then overshadow such relative small money. Waves at $300 is 30bn what is 400m in this circumstance?

It will not mark the end of waves, not by a long shot.

So my guess if you can snatch USDN at 40:1 it will be very profitable after Binance follows waves dex pump to $60 and repegs usdn. But there is also the risk of rugpull same as happened with WUSD. There will be a window of opportunity to exchange usdn:usdt before lockin, and it is within that small window that the profit is generated.

But generally USDN should be sustainable as a concept after waves pump. Apparently there will be some safeguard mechanisms implemented soon so this x40 opportunity is far and few inbetween.

Just be aware that you may be complicit in fraud when holding or trading USDN because of the 400 million vires rugpull which is where the pump money comes from. And some of that 400 million is connected to FTX customers through Alamedas delta neutral position. I believe it was not yet liquidated though?

Waves $60 and 59 cents (TN). Time of writing 1.6/0.012 1.9:1 usdn/usdt.
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‼️ Misinformation spread by CEXs caused aggressive shorting of the WAVES token despite no fundamental distress being present in the Waves Blockchain or Ecosystem.

Read on to see the clear on-chain evidence. Don’t be fooled by opportunistic traders and always DYOR! 🔍

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🚀 We are going live in few minutes! Join Sasha's AMA via this link.
legendary
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Beside the already existent huge 25% depeg from $ 1 supposed USDN price,  what happened today when all of a sudden there waas another 10% drop in USDn value, accompanied by a temporary but significant decrease in volume traded? Does CMC changes something in tracking USDN value?

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Hey community! We have another weekly AMA with Sasha scheduled for tomorrow 9:00 AM (EST). This time we will focus on the Path for Waves recently announced in our channels 🌊

Drop your related questions below and set reminders to join our discussion()! 🔔

sr. member
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Tryig to survive in this harsh world
The way I see it and this is my own opinion, the USDN depeg will be present as long as Waves marketcap is below USDN marketcap. How can a 200 Million coin back up a 600 Million ? Waves needs at least 800 Million mcap to back up 600 million mcap.
Unless there is some of the huge 30k BTC from ICO to be used as another collateral for USDN peg.
My biggest regret in 5 years is not selling my 1200 Waves for 3.25 BTC back in 2017, remember the point of altcoins is getting more BTC (and ETH)
PS: I sold 900 Waves between 20 and 60 USD and left 300 for staking and next bullrun, hopefully to sell at 100+ in the next 4 years.
legendary
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If USDN falls below 50 cents, the same thing will happen with LUNA and its stablecoin, Waves will go to absolute zero in hours

apocalyptic prediction, can it verify soon ?

support action, still totally absent, is terrible.

During last AMA session, few days ago,  Sasha said the team is taking all necessary actions to solve actual problems, as at the end of December 2022 or beginning of January 2023 there will be the launch of Power DAO and implementation of new mechanics in $USDN.
The hope is this will attract new users and increase $USDN liquidity and recover $USDN peg.
Let's see if the team will be able to recover from this messy situation

The current situation is indeed not pretty. But the Waves team has not buried its head in the sand so far, but continues to develop possibilities and has ideas to make the whole system more stable. Other crypto projects have already given up or made a rugpull in the past. That is something we always have to keep in mind about Waves and give the team the credit for.
legendary
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If USDN falls below 50 cents, the same thing will happen with LUNA and its stablecoin, Waves will go to absolute zero in hours

apocalyptic prediction, can it verify soon ?

support action, still totally absent, is terrible.

During last AMA session, few days ago,  Sasha said the team is taking all necessary actions to solve actual problems, as at the end of December 2022 or beginning of January 2023 there will be the launch of Power DAO and implementation of new mechanics in $USDN.
The hope is this will attract new users and increase $USDN liquidity and recover $USDN peg.
Let's see if the team will be able to recover from this messy situation
member
Activity: 402
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If USDN falls below 50 cents, the same thing will happen with LUNA and its stablecoin, Waves will go to absolute zero in hours

apocalyptic prediction, can it verify soon ?

support action, still totally absent, is terrible.
newbie
Activity: 25
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If USDN falls below 50 cents, the same thing will happen with LUNA and its stablecoin, Waves will go to absolute zero in hours
member
Activity: 1321
Merit: 28




🔷 While the number of libraries available on Waves is growing, we're working hard to keep them up-to-date! The C# library has been expanded to make it even easier to use.

Check out the release notes here!
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www.MarquiseMuseum.com
Preparing 10 000 waves short cover around $1 and below, unrolling fixed assets.

Will then proceed to pump M2 into million dollar market cap.

This event was predicted 6 months ago at $7 so this is counter productive when their strategy is already exposed.


I predict TN M2 Waves parity in the coming years so that is where any real money must go once waves is sub 50 cents again. Any serious money in waves in 7 zone will be burned by billion dollar shorter.

Ivanov is making millions on this short since 64 but ultimately all it will accomplish is making himself and waves irrelevant in the industry, they will be black listed after this and he will face prosecution for fraud same as SBF and tornado cash.

My advice to Ivanov is take the profit and repeg USDN and move waves back to 20-30 usd and top 20 global ranking. He is overdoing it but such is blind greed.

He is also running the risk of getting squeezed by other whales who are catching on to this short. Ivanov may be the bigest player in waves but not the only one in the crypto market and far from the biggest.

Crypto exchanges are already beginning to shut him down by delisting Binance will follow soon. He will not stand to profit from this scandal because assets will be frozen long before he can realize the short profit. Crypto insiders know full well what this loser is doing and they will shut him down quicker than anyone else.

In fact it has already begun.

After Ivanov becomes crypto pariah investor focus will shift to the generational value propositions such as Marquise Museum with its first to market patent examined NFTx system.

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We are continuing the stream of upda

tes for our developer community, and today it's the Ride plugin for Jetbrains 🧠

This plugin enables Ride language support for creating smart contracts, and helps to develop decentralized applications on the Waves blockchain using Jetbrains tools.

The list of available features:

🔷 Ride smart contract creation

🔷 Built-in structures, types and completion functions

🔷 Validation data types and selection code

Enjoy your ride across the Waves blockchain with the new features! 🌊

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