Waves Labs
Apr 26,2023
3 minute read

AMA with Sasha 21/4/23

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 21/4/23 can be found here.


//Recap Start//

Key Points:

  • New Pepe bridges.
  • Gateways are being prepared to cancel stuck transactions at the start of the next week.
  • WXG buyback with WX matcher commissions has started.
  • VIRES added to the Neutrino treasury.
  • Vires protocol relaunch next week.


Q & A

Q: Why is WXG so unstable? Isn’t it algo-stablecoin?

Sasha: No, I promised the launch of a new algo-stablecoin in the future, most likely when the current problems are resolved! For now, launching a new stablecoin is pointless due to high volatility.

Q: How do we attract developers to Waves?

Sasha: I think that EVM will help us with this! But there are other benefits that will help us with attracting developers to the platform, the announcement of which is also expected in the near future.

Q: When will the $BTC and $ETH gateways be back?

Sasha: They are already working! The integration of Pepe bridges has already been successful and withdrawals are available.

Q: A couple of weeks ago there were communication problems with the finance department for Waves ambassadors! And there are still some payments that have not yet been made, what about those?  

Sasha: They will be paid, but unfortunately we are temporarily suspending the ambassador program, it is likely that in a couple of months its work will be resumed!

Q: What is the priority for our blockchain at the moment?

Sasha: Developing something new! But to be specific, I would like to find a way to expand our blockchain without going to L2 or make the transition from L1 to L2 seamless for users.

Q: What about XTN? Is it going to be stable? 

Sasha: It's definitely going to be fine, we will stabilize and develop it further.   

Q: WAVES is at a low now, which is bad for the community's morale. Do you think this can be solved? Does it need to be? 

Sasha: I'm not going to give you financial advice but... it's a sale on WAVES. Let's focus on development, at least for now.

Q: What will be the next trend in crypto? 

Sasha: I think DAO in the form of crowdfunding, although neural networks are very interesting too! It's quite possible that one of these will take off.

Q: Sasha, don't you think transaction fees are too low on WX? How about making it progressive? Higher load on the network, higher fees.

Sasha: I wouldn't want to, but it's an idea! Cheap transactions are part of Waves, it attracts traders and is convenient for people. 

Q: Regarding WXG tokens, what does the plan look like after the withdrawal transactions are cancelled? Will it be possible to withdraw them, what will it look like?

Sasha: It will go like this: 

We cancel transactions.

We start redeeming tokens in trading pairs with the help of funds received from the matcher commissions.

We complete the audit of WX gateways and publish the results.

And according to these results, we decide on further actions.

//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. See you on Twitter!