Sep 19,2023

AMA with Sasha 15/9/23

Another week, another AMA session with the Waves’ founder Sasha Ivanov. This week, Sasha has prepared some updates on the ecosystem progress, answered lots of questions and had a live dialogue with the community members. This is a short recap, the full recording of the weekly AMA from 15/9/23 can be found here.

//Recap Start//

Key Points:

  • Power DAO protocol is being actively developed! I remind you that there was recently a vote in the Mother DAO, which distributed the income of inactive voters among the active ones. To put it simply, the APR of users who do not vote in the Mother DAO will be equally distributed among the users who do vote.
  • A Marketing DAO has also been launched and will soon start attracting new users to the protocol. So I'm running my own little marketing campaign and asking everyone to retweet this:
  • Also the StakeBooster IDO was launched on WX. This project is essentially a form of liquid staking, and allows you to get bonuses from the WX lock without locking directly. I would also like to announce that I will support this project with 1 Million WX tokens. 
  • The $PETE staking UI is finally launched. And now we should keep raising its price.


Q & A

Q: Have the StakeBooster smart contracts been audited?
Sasha: Yes, one of the community members has audited them.

Q: Will the amount of XTN for sale (to pay for the teams' salaries) exceed the amount of XTN buyback?

Sasha: Of course not, the salaries have little to do with XTN.

Q: If I have XTN on the Ethereum network, how do I get it back on the Waves network?
Sasha: Please contact WX support and they will help you to make a transaction.

Q: When should we expect vesting on V1 Vires markets?

Sasha: We are considering to launch it after the price of XTN stabilizes over the 0.1 USD mark.

Q: Could you clarify exactly how the VC funds that the ecosystem recently received will be used?

Sasha: Ecosystem didn't exactly get them, these funds will be given to start a new company in Turkey, the main task of which, will be to promote Waves. 

Q: Can I lose POWER tokens by voting in the Mother DAO?

Sasha: No, however if you don't vote, you will lose APR from staking, so just vote.

//Recap End//


Tune in every Friday, 10:00 a.m. EST to learn the latest news and updates on the Waves ecosystem first-hand, directly from the Waves mastermind, Sasha!