Topic: WAVES - Complete Blockchain ecosystem for a token economy - page 51. (Read 131005 times)

Not exactly, either on cryptocurrencymarketcap https://coinmarketcap.com/currencies/neutrino-system-base-token/ and on coinranking https://coinranking.com/coin/fWTaNV_Ff+neutrinosystembasetoken-nsbt nsbt price is over $ 20 currently.

You are talking about your waves Wallet!? Yes there are many, many coins without any value.

But we are here speaking about an airdrop for Waves in the binance spot wallet. And this token NSBT has a value (this moment not for trading at binance, but in your Waves-Wallet)! It is a the waves backed Dollar-Token, and therefor the value of 1 NSBT is worth 1 US-Dollar.

does it even have a value?

i have been received hundreds of tokens in my wallet but none of them appears to have any value at all. is it on swop?
there is no way of verifying whether the tokens received do have a market. i was interested to come back again to try trading since i can see waves.exchange volume had gained volume. quite good that it's competing and listed on CMC DEX too.

Seems it is already delivered. You can find it at binance "Transaction History", but it isn't shown in the spot wallet this moment.
Rate is about 0.00048 NSBT for 1 Waves.

When we get the Binance NSBT Distribution?

1) Staking rewards come from farming revenue: ERC-20 assets (USDC,USDT,BTC,ETC) are used to provide liquidity to different tools like Uniswap or Curve.fi. Liquidity providers (LP) tokens are the proof that you have staked your assets. LP-tokens grow in their price that includes the revenue for farming of ERC-20 assets.
2) The majority of risks appears because of Ethereum dApps logic bugs. Science tokens are provided to Uniswap or Curve as a liquidity, any issues with their contracts can affect investors. Another risk is the gateway scam risk science now ERC-20 coins are ported to Ethereum via a centralized bridge. This problem is going to be solved by Gravity protocol with its decentralized bridge.
3) There is an additional recapitalization token called NSBT with its own advanced tokenomics. If the BR falls, the issue price of NSBT on smart contract becomes really attractive for traders who start to buy it with WAVES providing an additional collateralization to Neutrino smart contract.
4) Swop.fi has an independent pricing mechanics. Price in the majority of pools is calculated with the AMM-formula and is usually same with Waves.Exchange prices because of arbitragers: if price of WAVES is falling in Swop.fi, one would be interested to buy it on Swop and instantly sell on Waves Exchange to earn arbitrage profit, which would make price on Swop grow.

Actually you can say that Swop.fi is like Uniswap for Waves. And I agree, that fees and growth potential are its key advantages. Talking about other DeFi projects, in Waves there is already a stablecoin protocol Neutrino and we are looking for others to come.

Quite the opposite, in Waves Ecosystem the early adopters get the main benefits. Good example would be SWOP token launch and their early-birds program. So, join Waves and community chats to avoid missing any further updates.

Hi Waves.support,
It would be great if you could address some of my open questions:

Thanks! 

The video of Swop APY itself explains that only a fraction, less than 1% is from real revenue such as fees, pooled into total APY.

The remainder of this xxx% yield is from staking and farming rewards.

Real APY backing is less than 1% and you can see exactly how much in the video based on collected fees, it's below $25 000 for the total Swop pool.

I would advice to dramatically decrease APY to less than 10% maybe same as waves 6% because this APY is not backed by anything.

I don't think Waves is using funds from deposits to pay investors, I don't see it as Ponzi.

It is simply hyperinflating supply which is what Masternodes did in 2018 and 1 year after every masternode was -99%.

So what happends here is extreme dilution if you invest your money into USDN, Swop etc.

In the stock world, this is usually from excessive company emissions to raise new money, they take a 10 million shares and pump another 5 million into market by selling it to investors to raise development funds. This drastically dilutes the market and makes every share less valuable which causes downwards pressure on price.

But stock market never had anything near xxx% annual dilution, which is also why Masternodes imploded in such short time and so dramatically  -99%.

So the take away is that you are buying toxic assets here, anything over 5-10% APY is toxic because it is unbacked and will dilute your investment to zero by hyperinflating supply.

I don't understand the logic with this creation how did waves expect to catch up to such extreme APY and back it with something real such as fees or other revenue sources?

This was impossible for the past thousands of years of finance, it did not suddenly become a reality this year.

It is actually a Pyramid, not ponzi.

Value investors should absolutely take a look at NFTs and follow investment in NFTs which are consistently selling such as Beeple. This is a very hard investment category and art collecting in a new frontier is even harder than normal art collecting. But atleast there is some material backing to the ROI. Early NFTs from 2017 will probably go up alot in value similar to Surrealism, pop art, Beat, Cubism movements.

Waves is very lucky, because there is one 2017 NFT token on waves. All others are from Ethereum and they are valued in the hundreds of millions at this point.

I guess waves created this high APY to get new users which is a good cause but this methodology will backfire because the foundation is from DeFi hyperinflation, if we suppose it is not straight up ponzi.

DeFi can be launched as lending contracts instead of hyperinflating contracts.

It is very easy to create lending on waves with 20-30% APY.

Simply lock USDN on user 1 wallet and collateralize his waves at 70-80% LTV.

This borrowed USDN can be transferred or there can be a rule that it can only be used inside waves exchange.

As long as monthly fee is paid, the contract cannot be liquidated.

This is much better way to grow userbase, waves price will go over $100 if you launch this.

TurtleNetwork already have this Dapp on Polarity but it is experimental 1 week loan at 50-70% LTV.

Very promising.

Waves loans should be without time limit if user chooses this option, only repayment of interest per monthly, with zero principal.

The key is to lock interest in USDN, not waves. OR, lock repayment in waves based on when the loan was issued, so if waves price goes up, the user only pays USDN equivalent to original amount. This means, if user takes $10 000 loan when waves $10, he will repay 1,3 waves every month with 0.3 as interest, or simply 0.3 instead of 1.3 if this is loan without time limit which the Swedish housing market had before 2016, interest only mortgage because home values only went up. So, when waves increase to $100, the interest repayment goes from 0.3 waves per month to 0.03, and this way it is dynamic price correlation because repayment is based on orignal USDN value of loan.

Another option will be to repay loan instantly using waves collateral if waves price goes up.

This is true DeFi, banking for the unbanked.

I would advice, $20 000 credit per wallet, with $350 interest per month, this is 20% APY. But it is real APY, not fake like Swop.

In order to take this loan, user must own $30 000 in waves. But more importantly, do not liquidate lending contracts if waves price goes down, simply bundle price loss into monthly repayment, maybe by increasing it a little bit like $50-$100 to cover short term volatility.

But you can also issue blanco loans without waves collateral. This USDN blanco loan should only be used inside waves exchange and only to buy waves or waves tokens or other waves related products and cannot be withdrawn from wallet. Blanco loan interest can be 30% APY instead of 20%.

Blanco USDN should be issued separately as USDN-B because its junk bonds with high default rate. Tokens traded against USDN-B will inherit debtor status but the monthly interest is still paid by original loan taker. When USDN-B is collateralized by monthly repayments, a share of supply can be converted into USDN and traded freely.

The reward for selling tokens for USDN-B is that this pairing will be pumped because of blanco lenders. So the dollar reward for token sellers is much higher, but risk of default is also higher.

If someone buys Tokens using USDN-B, those tokens go into blanco pool and cannot be touched until the loan is collateralized by monthly repayments. it can then be withdrawn according to level of USDN-B collateralization per account.

For example:

user 1 takes $20k USDN-B blanco with $500 USDN repayment interest

He buys token 2 for $1 using this USDN-B whereas in USDN market token 2 is trading at 20 cents

After exchange seller of token 2/USDN-B is locked in wallet and waiting for user 1 to repay, he can then withdraw or convert equivalent to what is paid in USDN every month, $500.

User 1 who bought token 2, cannot immediately resell token 2 in USDN market for 20 cents, he must wait until USDN-B loan is repaid with $500, and can then withdraw $500 worth of Token 2.


It is win/win/win for waves/investor/project creator

waves gets users, investor gets financing to invest in tokens they believe in, token creator gets more paid. The risk is carried by investor.

There are many small retail investors with $100-$1000, what will happen if they can access $20 000? Default? possible, market pump? definately.

But default in this case is harmless, because if borrower does not pay after month 1 deadline, tokens from the pool go back to seller and USDN-B is burned. The wallet which defaults, should be placed on cooldown before permitted new loan.

This system maybe is not perfect, but it is more realistic than swop for yield farmers.

To answer that. I do not know about the ledger option, so I can not tell you anything about it.

1. Using the Email Login means you have to register your seed with an email. You will than have to use that password to login. The advantage is, that you can now also choose to use 2factor authentification.

2. Software-login. This is the old setting and should directly work for you with your old password. Disadvantages is that there in no 2factor authentification.

Hello Team

If you look at this page you can see how ledger exchanges are enhanced with user tagging and tethering of product quantity, KYC and Custodial info:

https://niftygateway.com/itemdetail/secondary/0xd92e44ac213b9ebda0178e1523cc0ce177b7fa96/100010249

This concept is applicable to waves NFTs or tokenized assets aswell and it is a necessary component to trade asset backed tokens which seem to be an emerging trend.

The basic exchange ledger that everyone in here is familiar with: buy/sell on anonymous order book, is becoming obsolete because asset backed tokens are logistically complex compared to normal crypto.

Nifty did an excellent job of leveraging old school gallery curation with blockchain and popularizing it with "Nifty" branding.

I am aware that SignArt on waves is a similar app but it appears that their portfolio of clients is not as hyped as nifty/makersplace.

Niftys UI does not require any major overhaul to waves exchange, it can be copied as a third party website and connected with exchange trades on the backend.

When logistics of NFTs are automated and tracked openly with KYC,quantity, product type, and terms for exchange, it greatly simplifies user/company interaction because it reduces the need for external communication post trade.

The example provided here is via second market resale, but this is also something that Marquise $Museum will be utilizing in the future when company NFT assets are fully distributed to collectors.

So what I am requesting is a third party waves copy of niftys UI connected with this ledger on the backend:

https://waves.exchange/trading/spot/6eV27VoMrNNQv9qbXcK164RdXbmA5sCFCZUXZ1Ltkx4p_BTC

If this was implemented, p2p exchanges in second market can be automated with inclusion of KYC and custodial info, terms of transfer, quantity, product type, image and video etc. This is something that simply cannot fit inside the tiny buy/sell orderbook. It requires a secondary wallet tab at the very least or UI similar to Nifty.

The first change that must be implemented to attract more talent, is rewarding token creators with market liquidity using a portion of the 30k BTC ico funds. You are losing market position quickly right now to emerging competition.

To be fair, Nifty is owned by Winklevoss billionaires and they have connections to get celebrity influencers.

Waves can get an assistant dev to start handpicking artists here and offer some good deal if they launch on waves. There are many talented artists from around the world desperate to get into Nifty but Nifty is selective.

It is an opportunity to capture this talent early:

https://discord.com/channels/521080105548906528/525069448215003157

But you must incentivize them and engage with them to be successful and retain them. They have many followers that will adopt waves.

Waves.support, can you answer this?  Right now when i open the waves exchange program, it give me three options either


Email
Ledger
Software



When I click on email, it ask me to create an account.  So i type in an email and password.  But once i do that, i would have to confirm the link in the email?  But once i do that and log in with my password, would i have access to my waves exchange account?  Or i still need to type in my waves seed?  Again i have my waves seed with me. 


Or do i just click on software instead?  I don't have the waves installed on my nano ledger s.  But this is the same waves exchange program i been using on my computer ever since i downloaded it a while back when i had to use it after waves new dex no longer worked.


I did recall when the waves lite client no longer worked... i had to use the waves new dex and enter my waves seed to get into my account.  Then put in a password to log in each time.


But once the waves new dex was no more and we had to use the waves exchange, i had to type in my waves password again to access it.  Then put in a password to log in each time. 


So which of these three methods do i choose?  If i type in my seed, does that mean i need to type my seed every single time to access my waves wallet?  If so, i dont like that.  I would prefer to be typing a password each time.  But why does it ask to create an email to connect my account?  With waves lite client and waves new dew and waves exchange before this change, it never ask to link an email.


Can you or anyone else explain this?  Haven't logged into my waves exchange wallet in a long time since i saw this new log in.

These are excellent questions I would love to see answered as well.

So for me it is looking like there is one ethereum adress handling all the ERC-20 token desposits.

I followed just one deposit of mine to find out about that.

https://etherscan.io/address/0x6871eacd33fbcfe585009ab64f0795d7152dc5a0#tokentxns

I think the transfer is working that way my wave account is linked via my specific ethereum token desposit address.

When I perform a desposit that one is via smart contract directly transfered to the above "handle address" which if confirmed there gives me the balance on my waves account.

Nevertheless I'am not a expert in that and I do not really see any hints on that adress how the interessts are created. Perhaps anyone else can skip in here for me.
 

Let them first convince us that everything on the gateways is fine. There is nothing stopping them from publishing hot and cold addresses so that everyone can be convinced of the balances in the Waves platform and other blockchains. Tales like "everything is fine" and "trust us" in the crypto industry are just funny ...

Thanks for formulating these questions!

I have the same concerns, primarily about how well the contract has been audited.

Swop token price is determined as the number of USDN divided by the number of SWOP in SWOP/USDN pool : the same way as for all CPMM pools.

Maybe this medium article will help you clear some doubtc about swop.fi pricing and risks https://medium.com/swop-fi/swop-fi-pricing-5f89ab8766ac