Mar 26,2024

AMA with Sasha 22/3/24

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 22/3/24 can be found here.

//Recap Start//

Key Points:

  • This week we are actively preparing for the launch of the Units Network on TestNet and I think we can expect to see this launch in a couple of weeks. At that point, there will be a massive campaign around Retrodrop and a number of other related activities.
  • Also, despite some initial bugs, the Waves 1.5 update has finally been activated. And it's instrumental in launching the Units Network, which we can finally get ready for. And it will already help with Waves 2.0, turning the Waves blockchain into an L0 blockchain with the ability to create its own L1 sidechains.
  • All of these L1 blockchains will borrow the Waves blockchain consensus, and will also be decentralized. I think the closest comparison that can be made is with Ethereum Shards, and I think we will be the first to successfully implement this model.
  • Also, don't forget that retrodrop is coming up! The invite code numbers are revealed gradually (024 so far. Watch the upcoming AMA live to learn the next number first). The code is to be entered here.
  • Concerning the -WXG situation, the launch of a derivatives marketplace is a serious help in resolving it. The launch of the synthetics market is the first step, which will help to introduce a fairly large number of new tokens, the second step will be leverage trading, which in turn should help with liquidity and trading volumes on the WX.Network, and therefore the volume of -WXG tokens buyback. The third step is the launch of Units Network and all its sidechains. WX.Network will be the liquidity aggregator for these blockchains. And if this aspect is implemented correctly, it will have a significant impact on the growth of trading volumes.

Q & A

Q: Are there any updates on the Neutrino Index development?

Sasha: Yes, there is some news and it will be posted next week!

However, if you want some details right now, I can tell you that this news will help NSBT and make it more valuable quite quickly. So you can expect a proposal in the Neutrino DAO on this topic as early as next week.

Q: So in 2 weeks we will be able to check out Units Network on TestNet?

Sasha: Yes, in two weeks everyone will have the opportunity to test Units Network!

Q: And there's some kind of reward for that?

Sasha: Yes, staked L2MP tokens.

Q: What about the WX.Network app on iOS? 

Sasha: There are some challenges with it, as Apple requires certain licensing for this app, I think it will reappear eventually. In the meantime, WX.Network is still available in any browser, on IOS as well.

Q: Wait, Neutrino DAO will need funding, will it request it from Waves DAO?

Sasha: No, there's a different plan. They work with other projects outside the Waves network, and discuss funding with them.

Q: What are these projects?

Sasha: This is a major swap protocol, let's not give exact names just yet.

Q: Tell us a little more about the FUDT token.

Sasha: By the way, this is the token of a very interesting bot that shifts moderation to the community, I think once it develops a bit you can test this bot in official chats.

Q: What about SURF? Any plans?

Sasha: Yes, the previous plan is still valid, it will be exchanged for L2MP. However, other additions to this plan are possible. We can allocate some of the funds from Neutrino Index, and somehow distribute them among SURF holders, or organize a buyout.

Q: Hi Sasha, I know a WEB 3.0 project interested in owning their own blockchain. How difficult would it be for them to onboard on Units Network? Do they need some technical knowledge of Waves blockchain for this?

Sasha: That's a great question! And the onboarding process itself will be very simple, which is the whole point of the Units Network. Especially because all the infrastructure around their blockchain, such as miners and gateways to connect to other blockchains, will already be implemented for them. 

Q: Sasha, We expected more tangible outcomes from marketing! For example, soon there will be a Summit in Moscow where the WEST team could speak, what do you think?

Sasha: I think you should contact the WEST team! They may be interested in such an offer.

Q: A number of tokens that have received funding from Waves DAO have not yet launched due to unsuitable market conditions! Could you clarify what exactly would be considered suitable?

Sasha: I think they will be much more suitable after Units Network launches, since I need to get involved in promoting them too. but I don't think I should do it before Units Network launches. 

Q: Why not make a form of liquid staking for sPETE? Just like with sWAVES from the PEPE team?

Sasha: Why not! I think our community is more than capable of organizing such a product and getting income from it.

Q: When is DAO Marketing organizing a campaign for Waves Ducks?

Sasha: Bram, the leader of the Waves Ducks team, is independent. I talk to him often, but as far as I'm concerned, he's doing a pretty good job with the project, so I try not to interfere with his work. If he sees the need for such a proposal, I think he will create it.

Q: Are the -WXG tokens still being bought back?

Sasha: Of course! As for links to specific transactions, you can always check them in the chat rooms of our ecosystem.

//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!