Feb 7,2024

AMA with Sasha 2/2/24

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 2/2/24 can be found here.

//Recap Start//

Key Points:

  • This week, we've been mostly fixing the Waves 1.5 release. The bug in the release has already been found, now we just have to wait for the snapshot. We can expect the official release of Waves 1.5 mid February.
  • As for the Units Network marketing campaign, it has been finalized, but now we need to implement some new features. For example, for the retrodrop campaign, we need to implement staking for assets from the Ethereum network, so that users could provide liquidity for the initial launch of the Units Network. And also implement gateways to provide this liquidity.
  • I am also expecting questions about today's delisting of WAVES token pairs on OKX. I am already in touch with their representatives, and so far they said that they are not satisfied with the trading volumes in these pairs.


Q & A

Q: Any ETA on the release of Neutrino Index? 

Sasha: The Neutrino team is actively preparing this release, but it needs some time to be fully completed. Unfortunately, we can't give any deadlines yet. I think that the team should be given enough time to realize the project to its full extent.

Q: Is there a whitepaper yet on Neutrino Index?

Sasha: As I recall, they had something like a research paper.

Q: Also, how do we get in touch with the Neutrino team? They don't respond in their own Telegram chat.

Sasha: I will contact them and ask to keep the community updated.

Q: Why don't XTN swaps via Neutrino smart contracts work?

Sasha: It looks like something has suspended it, most likely the price of WAVES caused the smart contract to stop its operation as a security measure. However, everything should be working correctly by now, please double-check.

Q: When will the Waves Domains refund happen?

Sasha: I contacted the team of this project, and they promised to return to its development in mid-February, and until then they are preparing a roadmap. Also, those who want to get a refund will be able to do so.

Q: Are we to expect the Units Network roadmap?

Sasha: Yes, of course. However, if you want a little more information about the retrodrop right now, it will last for 3 months. During this time, users will be able to provide liquidity to the L2 blockchain and receive mining tokens in return. But this is just the start of the marketing campaign. A number of other events will follow, including collaborations with projects that are launching on Units.Network. The roadmap will appear with the launch of the marketing campaign.

Q: About PETE. Is there going to be any activity before the Units.Network launch?

Sasha: The focus is now on Units.Network, as it should be.

Q: Vires.Finance has achieved 100% utilization on a number of V2 markets. Consequently, it is impossible to withdraw funds. Are there plans to increase the interest rate at 100% utilization in order to let users withdraw?

Sasha: I will double-check this situation! I apologize if it occurred.

Q: Mining UNIT0 requires 20K WAVES staked in a node. Don't you think that's too much?

Sasha: For the blockchain to work properly? Yes, this is too much, but at launch, only a few nodes will be enough, afterwards, this threshold can be lowered.

Q: How can the Units.Network release help the XTN situation?

Sasha: The L2MP swap will still be available, and it burns XTN tokens. That means, if the price of L2MP on the market exceeds the price of XTN, there will be an opportunity for arbitrage. The swap will be always at a 1:1 ratio. 

Q: Didn't Waves have some kind of a card? Ammer, I think.

Sasha: This was a partner project and is still operating on our network as far as I can remember.

Q: What do you think of Satoshi VM?

Sasha: I don't think the project makes sense, and I'm wondering where they'll be a year from now. Simply because this project specifically needs a huge amount of new infrastructure, starting with wallets and onboarding. 

Q: How much money do you lack to return the funds to the -WXG token holders?

Sasha: This amount is in the range of 5-10 million USD, but now possibly even less.

Q: Any news on the EAST token?

Sasha: Yes, its team is now actively working with the PEPE team, they want to make a new wrapped token, as the withdrawal from their blockchain was also provided by WX.Network gateways. They are also actively working on ORIENT launchpads.

Q: When will the distribution of PWR tokens to WAVES stakers happen?

Sasha: It should be in February.

//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!