I did not predict the entry of millions of waves into XTN market but the question remains if waves block rewards are routed into XTN liquidity or am I properly hallucinating at this point regarding that vote. If the governance fund of 1.28m waves is all the backing of Neutrino then this buyback scheme will mathematically not work
but if there are block rewards flowing then the system is a good solution.Was a share of waves block rewards routed into neutrino protocol as reserve funding for XTN and the repeg initiative? How much of the block rewards are being routed for this purpose? I can't find the voting history on this proposal but have a vague memory of it passing recently.
or is the total 1.3m waves in the multi collateral the fixed total? Where did these 1.3m waves come from?
https://neutrino.at/statsI am aware that 100m WX was donated by the wx team, and some vires.
3k waves from the mining rewards are routed into XTN market daily:Miners buyback: 2880 $waves daily will be buying $xtn back indefinitely https://twitter.com/sasha35625/status/1700407314400809228This is extremely bullish for XTN and WX.XTN is now $45m cap WX is $15m, both will easily move back to $700m on this news and if XTN regains stable coin status the price of waves will also pump easily to $7 ($700m cap).
From this $700m starting point 1-2 year price prediction of waves and those two support assets is $10bn+ if the derivative and passive income systems develop without problems.
This change is key to waves bullish reversal and the start of a new multi year x100 cycle.
There are still 450m xtn in the vires liquidation account and 100m wx in the neutrino governance fund. It is expected that these stacks will at some point be dumped in open market but first pump.