Topic: WAVES - Complete Blockchain ecosystem for a token economy - page 44. (Read 131284 times)
Anyone can answer the question i have on usdn trading? So its cheaper to exchange it on the spot then right? Also there is literally almost no fees for this? It cost only 0.003 waves to do a single trade from any coin to another? That seems way too cheap here?
How secure is balancer swap com? I need to connect my wallet to trade there.
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How long has USDN been out? What about with the waves client?
Also, what is the cheapest way to turn whatever funds you have into usdn? When I click on swap waves for usdn, seem to charge a 0.005 waves fee which is cheap. But it also includes a protocol fee that is 2 percent?
So it cost around 2% or so to swap waves to usdn and vice versa?/
But if you swap say waves for usdt, it cost you 0.003 waves. Then going from usdt to usdn, it cost you another 0.003 waves. So if my math is correct here, you going to save basically the whole 2% or so if you do it this way... versus just trading waves for usdn and vice versa which shows nder the swap waves/usdn tab under trading?
But if you instead do the above and click on usdn... and trade waves for usdn directly... its flat 0.003 waves fee.
Can someone explain this? So basically if you go to trading and click spot trade... then trade whatever coin you have directly for usdn, you going to pay very little fees for transaction? Thus only 0.003 waves fee only?
Also, what is the cheapest way to turn whatever funds you have into usdn? When I click on swap waves for usdn, seem to charge a 0.005 waves fee which is cheap. But it also includes a protocol fee that is 2 percent?
So it cost around 2% or so to swap waves to usdn and vice versa?/
But if you swap say waves for usdt, it cost you 0.003 waves. Then going from usdt to usdn, it cost you another 0.003 waves. So if my math is correct here, you going to save basically the whole 2% or so if you do it this way... versus just trading waves for usdn and vice versa which shows nder the swap waves/usdn tab under trading?
But if you instead do the above and click on usdn... and trade waves for usdn directly... its flat 0.003 waves fee.
Can someone explain this? So basically if you go to trading and click spot trade... then trade whatever coin you have directly for usdn, you going to pay very little fees for transaction? Thus only 0.003 waves fee only?
1. USD-N is a algorithmic stable coin backed by WAVES-tokens.
That is clear so far. But unfortunately, still no one could explain to me what would happen if the Waves price suddenly collapsed. Then many Waves would have to be deposited additionally. It is not clear to me from the whitepaper how such a case would be handled. Maybe I didn't get it right, but it would be interesting if someone would explain it in simple terms.
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Withdrawal fees on waves exchange are very high now and they need to be reduced with adding some new gateway partners or alternative way for withdrawals.
I sell any coin into Waves, transfer it for a low fee and exchange the waves back into that coin.
How would i do this? I dont know anyone personally. You mean talk about waves on other forums or something? This is literally one of the few forums i visit etc...
You can also advertise it here in other threads. Defi threads for example. There are enough users who haven't heard of Waves yet.
Withdrawal fees on waves exchange are very high now
For which coin?
Withdrawal fees on waves exchange are very high now and they need to be reduced with adding some new gateway partners or alternative way for withdrawals.
Why are not lot of people doing this?
Because:
There is just not much marketing going on and no attention to Waves
So spread out the good words for Waves.
How would i do this? I dont know anyone personally. You mean talk about waves on other forums or something? This is literally one of the few forums i visit etc...
Why are not lot of people doing this?
Because:
There is just not much marketing going on and no attention to Waves
So spread out the good words for Waves.
Okay but are many people buying usdn and staking? That is a ton of interest to earn...
Why are not lot of people doing this? I mean thats even higher than blockfi, nexo and celsius rates? Im also confused of that apy rate. Is that higher than the interest rate?
Why are not lot of people doing this? I mean thats even higher than blockfi, nexo and celsius rates? Im also confused of that apy rate. Is that higher than the interest rate?
Okay so been a while since i checked the waves_exchange client and have quite bit of questions.
So im staking some waves now as i did a while back and see 6% staking and seem to get waves sent to me every week.
I see usdn where you can trade waves for it. Is usdn a stablecoin like usdt or usdc where its flat one dollar regardless?
The thing that is confusing here is at the bottom it says you stake usdn and get 12% to 15% If so, i see you could stake usdn now and it shows interest of 18.67%. Is that annual interest? If so, how is that even possible?
Example if one person has 10,000 dollars worth of waves now and trades it for usdn... they get around 10,000 usdn minus trading fees right? And i see the fees are literally like 15 cents or so? It literally shows the transaction to swap waves for usdn is 0.005 waves fee. But i see there is also a protocol fee... so is that another fee you pay? So imagine trading 10000 usd worth of waves... how much would you get in usdn?
So that would mean if someone has say 10000 usdn and stake it the entire year they going to earn 1200 usdn or so at least by the end of one year? So now their balance is 11200 usdn? Thus imagine doing this with 100,000 usdn... you going to earn 12000 usdn a year? Then with that balance, you could convert that 12000 usdn to usdt... that send that usdt to coinbase or exchange to convert it to fiat and then to your bank account. Am i making any mistake here? But this is with using 12% yearly interest but right now... its 18.67%? But that number changes throughout the days and weeks right? But it doesn't get lower than 12%?
If that is the case, couldn't someone with 1,000,000 dollars literally just earn 120,000 usdn a year and then convert that to usdt... then convert it to fiat to coinbase and back to their bank account? I know those sites like blockfi, celsius offers you interest like that on stablecoins like usdt and usdc etc... so the waves exchange does it as well with usdn? And USDN is basically a stablecoin of a dollar and never changes?
Can anyone confirm this?
So im staking some waves now as i did a while back and see 6% staking and seem to get waves sent to me every week.
I see usdn where you can trade waves for it. Is usdn a stablecoin like usdt or usdc where its flat one dollar regardless?
The thing that is confusing here is at the bottom it says you stake usdn and get 12% to 15% If so, i see you could stake usdn now and it shows interest of 18.67%. Is that annual interest? If so, how is that even possible?
Example if one person has 10,000 dollars worth of waves now and trades it for usdn... they get around 10,000 usdn minus trading fees right? And i see the fees are literally like 15 cents or so? It literally shows the transaction to swap waves for usdn is 0.005 waves fee. But i see there is also a protocol fee... so is that another fee you pay? So imagine trading 10000 usd worth of waves... how much would you get in usdn?
So that would mean if someone has say 10000 usdn and stake it the entire year they going to earn 1200 usdn or so at least by the end of one year? So now their balance is 11200 usdn? Thus imagine doing this with 100,000 usdn... you going to earn 12000 usdn a year? Then with that balance, you could convert that 12000 usdn to usdt... that send that usdt to coinbase or exchange to convert it to fiat and then to your bank account. Am i making any mistake here? But this is with using 12% yearly interest but right now... its 18.67%? But that number changes throughout the days and weeks right? But it doesn't get lower than 12%?
If that is the case, couldn't someone with 1,000,000 dollars literally just earn 120,000 usdn a year and then convert that to usdt... then convert it to fiat to coinbase and back to their bank account? I know those sites like blockfi, celsius offers you interest like that on stablecoins like usdt and usdc etc... so the waves exchange does it as well with usdn? And USDN is basically a stablecoin of a dollar and never changes?
Can anyone confirm this?
Are people here buying usdn and staking it? This seems ridiculous that one can literally earn at least 12% yearly interest with it right now as passive income? I mean 50k usd earns you 6k. Someone who has a ton of money like 500k would earn 60k usdn yearly? Then they can easily convert that usdn to usdt/btc and then to fiat?
If so, how come there isn't much talk about the waves exchange compared to say blockfi/nexo/celsius?
yes, it is true and it is working. There is just not much marketing going on and no attention to Waves
Okay so been a while since i checked the waves_exchange client and have quite bit of questions.
So im staking some waves now as i did a while back and see 6% staking and seem to get waves sent to me every week.
I see usdn where you can trade waves for it. Is usdn a stablecoin like usdt or usdc where its flat one dollar regardless?
The thing that is confusing here is at the bottom it says you stake usdn and get 12% to 15% If so, i see you could stake usdn now and it shows interest of 18.67%. Is that annual interest? If so, how is that even possible?
Example if one person has 10,000 dollars worth of waves now and trades it for usdn... they get around 10,000 usdn minus trading fees right? And i see the fees are literally like 15 cents or so? It literally shows the transaction to swap waves for usdn is 0.005 waves fee. But i see there is also a protocol fee... so is that another fee you pay? So imagine trading 10000 usd worth of waves... how much would you get in usdn?
So that would mean if someone has say 10000 usdn and stake it the entire year they going to earn 1200 usdn or so at least by the end of one year? So now their balance is 11200 usdn? Thus imagine doing this with 100,000 usdn... you going to earn 12000 usdn a year? Then with that balance, you could convert that 12000 usdn to usdt... that send that usdt to coinbase or exchange to convert it to fiat and then to your bank account. Am i making any mistake here? But this is with using 12% yearly interest but right now... its 18.67%? But that number changes throughout the days and weeks right? But it doesn't get lower than 12%?
If that is the case, couldn't someone with 1,000,000 dollars literally just earn 120,000 usdn a year and then convert that to usdt... then convert it to fiat to coinbase and back to their bank account? I know those sites like blockfi, celsius offers you interest like that on stablecoins like usdt and usdc etc... so the waves exchange does it as well with usdn? And USDN is basically a stablecoin of a dollar and never changes?
Can anyone confirm this?
So im staking some waves now as i did a while back and see 6% staking and seem to get waves sent to me every week.
I see usdn where you can trade waves for it. Is usdn a stablecoin like usdt or usdc where its flat one dollar regardless?
The thing that is confusing here is at the bottom it says you stake usdn and get 12% to 15% If so, i see you could stake usdn now and it shows interest of 18.67%. Is that annual interest? If so, how is that even possible?
Example if one person has 10,000 dollars worth of waves now and trades it for usdn... they get around 10,000 usdn minus trading fees right? And i see the fees are literally like 15 cents or so? It literally shows the transaction to swap waves for usdn is 0.005 waves fee. But i see there is also a protocol fee... so is that another fee you pay? So imagine trading 10000 usd worth of waves... how much would you get in usdn?
So that would mean if someone has say 10000 usdn and stake it the entire year they going to earn 1200 usdn or so at least by the end of one year? So now their balance is 11200 usdn? Thus imagine doing this with 100,000 usdn... you going to earn 12000 usdn a year? Then with that balance, you could convert that 12000 usdn to usdt... that send that usdt to coinbase or exchange to convert it to fiat and then to your bank account. Am i making any mistake here? But this is with using 12% yearly interest but right now... its 18.67%? But that number changes throughout the days and weeks right? But it doesn't get lower than 12%?
If that is the case, couldn't someone with 1,000,000 dollars literally just earn 120,000 usdn a year and then convert that to usdt... then convert it to fiat to coinbase and back to their bank account? I know those sites like blockfi, celsius offers you interest like that on stablecoins like usdt and usdc etc... so the waves exchange does it as well with usdn? And USDN is basically a stablecoin of a dollar and never changes?
Can anyone confirm this?
Are people here buying usdn and staking it? This seems ridiculous that one can literally earn at least 12% yearly interest with it right now as passive income? I mean 50k usd earns you 6k. Someone who has a ton of money like 500k would earn 60k usdn yearly? Then they can easily convert that usdn to usdt/btc and then to fiat?
If so, how come there isn't much talk about the waves exchange compared to say blockfi/nexo/celsius?
I have no idea why everyone here suggested i create a new password or account. That literally made no sense at all.
Are you sure ?
Why is the coinomat BCH Gateway not working?
No clue. Did you ask the support at waves.exchange? They should know it.
Why is the coinomat BCH Gateway not working?
Okay so been a while since i checked the waves_exchange client and have quite bit of questions.
So im staking some waves now as i did a while back and see 6% staking and seem to get waves sent to me every week.
I see usdn where you can trade waves for it. Is usdn a stablecoin like usdt or usdc where its flat one dollar regardless?
The thing that is confusing here is at the bottom it says you stake usdn and get 12% to 15% If so, i see you could stake usdn now and it shows interest of 18.67%. Is that annual interest? If so, how is that even possible?
Example if one person has 10,000 dollars worth of waves now and trades it for usdn... they get around 10,000 usdn minus trading fees right? And i see the fees are literally like 15 cents or so? It literally shows the transaction to swap waves for usdn is 0.005 waves fee. But i see there is also a protocol fee... so is that another fee you pay? So imagine trading 10000 usd worth of waves... how much would you get in usdn?
So that would mean if someone has say 10000 usdn and stake it the entire year they going to earn 1200 usdn or so at least by the end of one year? So now their balance is 11200 usdn? Thus imagine doing this with 100,000 usdn... you going to earn 12000 usdn a year? Then with that balance, you could convert that 12000 usdn to usdt... that send that usdt to coinbase or exchange to convert it to fiat and then to your bank account. Am i making any mistake here? But this is with using 12% yearly interest but right now... its 18.67%? But that number changes throughout the days and weeks right? But it doesn't get lower than 12%?
If that is the case, couldn't someone with 1,000,000 dollars literally just earn 120,000 usdn a year and then convert that to usdt... then convert it to fiat to coinbase and back to their bank account? I know those sites like blockfi, celsius offers you interest like that on stablecoins like usdt and usdc etc... so the waves exchange does it as well with usdn? And USDN is basically a stablecoin of a dollar and never changes?
Can anyone confirm this?
So im staking some waves now as i did a while back and see 6% staking and seem to get waves sent to me every week.
I see usdn where you can trade waves for it. Is usdn a stablecoin like usdt or usdc where its flat one dollar regardless?
The thing that is confusing here is at the bottom it says you stake usdn and get 12% to 15% If so, i see you could stake usdn now and it shows interest of 18.67%. Is that annual interest? If so, how is that even possible?
Example if one person has 10,000 dollars worth of waves now and trades it for usdn... they get around 10,000 usdn minus trading fees right? And i see the fees are literally like 15 cents or so? It literally shows the transaction to swap waves for usdn is 0.005 waves fee. But i see there is also a protocol fee... so is that another fee you pay? So imagine trading 10000 usd worth of waves... how much would you get in usdn?
So that would mean if someone has say 10000 usdn and stake it the entire year they going to earn 1200 usdn or so at least by the end of one year? So now their balance is 11200 usdn? Thus imagine doing this with 100,000 usdn... you going to earn 12000 usdn a year? Then with that balance, you could convert that 12000 usdn to usdt... that send that usdt to coinbase or exchange to convert it to fiat and then to your bank account. Am i making any mistake here? But this is with using 12% yearly interest but right now... its 18.67%? But that number changes throughout the days and weeks right? But it doesn't get lower than 12%?
If that is the case, couldn't someone with 1,000,000 dollars literally just earn 120,000 usdn a year and then convert that to usdt... then convert it to fiat to coinbase and back to their bank account? I know those sites like blockfi, celsius offers you interest like that on stablecoins like usdt and usdc etc... so the waves exchange does it as well with usdn? And USDN is basically a stablecoin of a dollar and never changes?
Can anyone confirm this?
1. USD-N is a algorithmic stable coin backed by WAVES-tokens.
2. High APY with USD-N is possible due to the fact that it is backed by WAVES tokens in a smart-contract. Some people buyed USD-N tokens when WAVES price was for example 1 Dollar. With increasing WAVES price we will get by this an overcollaterization. To create APY WAVES tokens are staked with 6% APY.
Due to the overcollaterization 49,317,081 Waves are staked which have a value of 1,727,853,057.45 USD.
That staking is now distributed to those 345,856,437 Dollars that are staked. Which allows a much higer APY than doing only Waves staking. So everybody profits from early USDN buyers.
You can check the stats at:
https://dev.pywaves.org/usdn
Your example is true! I'm waiting for my first million to make all that true for me
Also i see you could stake btc and eth as well... but even usdc and usdt.
The apy shows over 30% Estimated APY Interest. What in the world? So how much does this translate to in interest yearly?
This makes no sense at att as it say you stake usdt, you get usdtLP. So is that safe or not? So if you stake it for a year of say l0,000 usdc or usdt... you going to get back all that usdtlp and that would easily convert to usdt at a flat one to one rate? These interest rates sound ridiculous... even higher than blockfi/nexo. Is there something im missing here?
The apy shows over 30% Estimated APY Interest. What in the world? So how much does this translate to in interest yearly?
This makes no sense at att as it say you stake usdt, you get usdtLP. So is that safe or not? So if you stake it for a year of say l0,000 usdc or usdt... you going to get back all that usdtlp and that would easily convert to usdt at a flat one to one rate? These interest rates sound ridiculous... even higher than blockfi/nexo. Is there something im missing here?
Waves is using it's overpowered tech and game theory to enable higher rates than other blockchains/projects. ... you still have to believe in the whole Waves Ecosystem, Company and Sasha himself ... it's not fully decentralized (but other blockchains are also not full decentralized)
since the begin of wave , Sasha is the reason that this coin didnt go to the moon, i can remember the time when he belittle the (big) exchanges, he was yelling the waves was the next thing, waves gonna destroy all the (centralized) exchanges .. bla bla bla .. thats why a lot of exchanges ignored waves to list it.
if btc didnt go this high , i dont think we wouldnt see the waves above 30 dollars ...
i regret not selling the waves when it was 240k sats ... darn my greed ..
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