Waves Labs
Jun 20,2023

AMA with Sasha 16/6/23

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 16/6/23 can be found here.

//Recap Start//

Key Points:

  • The new WX domain is live, and as planned, with no legacy. We will be supporting the old one for as long as it requires, though. Next week, we are planning to start on the marketing activities.
  • Several proposals have appeared on Waves DAO. And today the Miners' vote has started, which will be concluded in a week's time. And a week after that, the XTN buyback will start.
  • Waves 2.0 plan coming soon.

Q & A

Q: Are there any new products expected on the new WX domain?

Sasha: Yes, there will be LP staking! It has caused a lot of problems for us due to the XTN situation, but now it will be separate.

Q: Has anyone paid the debts related to VIP-044 on Vires?

Sasha: Yes, but so far in fairly small amounts.

Q: How long will it take to resolve the -WXG tokens situation?

Sasha: I am in talks with several VC representatives, but in the current situation it is quite difficult. I think I will have more news in early July. At the moment, we are trying to attract attention to WX, and this will help us to buy -WXG tokens back in a larger volume.

Q: Any news about Power DAO?

Sasha: Yes, Türkiye DAO is already launching. And next week the interface for Waves DAO will be released to work with the LP tokens that miners will receive for sponsoring our DAO.

Q: What about the XTN trading bot?

Sasha: At the moment, the liquidity in WX pairs is not quite up to our expectations and we are discussing the details of its launch with the Neutrino team. I will share the details as soon as they become available.

Q: When is the POWER drop for SURF holders?

Sasha: Coming soon (before the end of July).  

Q: Any news on Vires reboot?

Sasha: I think it should include the feature we discussed last Friday, that is, the introduction of an option for deposit holders to pick up the borrowers' collateral even if their account health is high. I think once this feature is implemented, we can say that Vires is officially rebooted.

Q: What changes are in store for the WX governance?

Sasha: I think we should focus on the token verification process, it should go faster. We need more WX user products.

Q: Is the NSBT going to be OK?

Sasha: Yes, I think once we get rid of the extra XTN, everything will be back to normal.

Q: How do you see the Vires market situation being resolved? Many borrowers take out funds and do not intend to pay them back. Is there any way to discourage them from doing so?

Sasha: I think yes, the interest rate they have to pay should be increased significantly, up to 100%. And at the same time, the borrower's collateral should be allowed to be taken away in such a situation.

Q: What about Waves Ducks?

Sasha: I have some interesting ideas, but they are not a priority at the moment. I think I should talk to Bram, the developer of Waves Ducks.

//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!