Sep 26,2023

AMA with Sasha 22/9/23

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 22/9/23 can be found here.

//Recap Start//

Key Points:

  • The Power DAO Airdrop concluded yesterday! And I have a feeling that not all participants realized how to get their rewards. To clarify, all the rewards have already been distributed and only require you to claim them, which will send them to the two-week staking lock. However, let me remind you that the yield on this staking is now quite high (about 100%), and all you have to do to get it is to participate in the Mother DAO votes.
  • The first IDO on WX has also concluded - StakeBooster! Let me remind you that this is Liquid Staking project, which helps users to get income from WX tokens locking without committing WX tokens directly. I think they have a promising future ahead of them.

Q & A

Q: Why did the StakeBooster team sell their WX tokens?
Sasha: This is also a mystery to me. Given the rise in the price of XTN in parallel with WX, the reasons for selling the token are still not very clear to me. However, as soon as I contacted them, they decided to stop the sale and bought the tokens back. 

Q: NFT tokens are not displayed in the WX UI and with PETE's NFT release, this is not not very convenient, will they appear in the WX interface?

Sasha: Yes, we plan to add this next week.

Q: What's the next step for a Power DAO marketing campaign?
Sasha: The next step will be the launch and promotion of the Mother DAO treasury, the purpose of which will be to launch new Child DAOs. Also we are planning to launch a feature that will allow you to make a deposit of XTN or WAVES in the Waves DAO thus buying POWER for yourself, and funding the ecosystem projects and raising the price of POWER. All of this should launch next week.

Q: Could you be a little more specific about the transition of WX and the Neutrino Protocol to Power DAO?

Sasha: Essentially, all gWX and gNSBT holders will receive their share of $POWER, after which a separate Child DAO will be created with its treasury donated by each project's team. I will describe this idea in a little more detail a little later, in a separate article.

Q: Does this mean that SURF holders will also get POWER like gNSBT holders?

Sasha: Right, they'll just have to stake their SURF tokens in Neutrino's smart contract. 

Q: What solution awaits Vires v1 deposit holders?

Sasha: As I said before, at the moment we are planning to implement vesting to to close the debts of the protocol, and its realization will be possible as soon as the price of XTN reaches 10 cents (0.1 USD).

Q: How do you see the niche that Power DAO will occupy in the ecosystem?

Sasha: This is essentially the governance system, and all our projects can be based on it. From initial financing of projects, to decision making and support of their realization. Power DAO creates and divides income among efficient managers and penalizes the inefficient ones (slashing).

Q: Any news on the L2 update?

Sasha: Now we are preparing an interim update of Waves 1.5 that will allow us to launch Lite nodes to accelerate our blockchain in October. However, by January we plan to start releasing L2 blockchain functionality. After that, we will again work on expanding the L1 blockchain functionality, we already have some ideas on this matter.

Q: What will L2 mining look like?

Sasha: It will be essentially identical to the current WAVES staking/leasing, and will be located


//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!