May 29,2024

AMA with Sasha 24/5/24

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 24/5/24 can be found here.

//Recap Start//

Key Points:

  • Next week on Tuesday we're kicking off the TestNet campaign for Units Network and launching a questing platform where you can earn points for completing tasks, which will later turn into rewards in UNIT0 tokens.
  • After that, the TVL campaign will start in about a week. You will be able to stake your tokens in exchange for rewards, and the first token for staking will be WAVES. You will also receive a UNIT0 token reward for staking this token. The WAVES token will be the most rewarding, so if we compare WAVES and USDT staking, which will be available later on, the WAVES token will get more rewards.
  • It is now possible to run your own node on Units Network.


Q & A

Q: Why is the WEST price so different on WX.Network and Kucoin? Was there some news that I missed?

Sasha: Sounds like an arbitrage opportunity! However, this is most likely due to the fact that WEST will have a new token for Team PEPE's decentralized gateways. And after that, we can expect news on a new project that plans to launch on the West blockchain.

Q: When will there be an opportunity to unstake L2MP? 

Sasha: This opportunity will appear just before the release of Units Network.

Q: What about Waves listing on Nexo? There was a tweet about it not too long ago.

Sasha: Yes, there are indeed such plans, however for the time being this listing is under negotiation.

Q: Should we expect more articles and podcasts after next Tuesday?

Sasha: Of course, at this point podcasts and articles have been organized through already familiar channels and our partners from the marketing agency we work with are just getting ready. From Tuesday they will start the active promotion stage.

Q: When is the official launch of Units Network?

Sasha: It depends on market conditions, but it is planned for this summer. The development itself will not take long, the marketing campaign is now being actively prepared.

Q: What does the future hold for Vires Finance?

Sasha: At the moment, there are still plans to relaunch this project as Numeris - a fixed-rate lending platform. I am monitoring other lending platforms and have a couple more ideas on how to modify it further, but first let's launch Units Network.

Q: Are there plans to create an EVM version of Numeris? 

Sasha: Good question! I think it would be wise to give Numeris the opportunity to appeal to the widest possible audience, I'll think about it.

Q: What is Marketing DAO's role right now? 

Sasha: It now funds almost all of the ecosystem's marketing activity.

Q: Is there any progress on leverage trading at WX.Network?

Sasha: Yes, it was supposed to be launched this week, however front-end development for it has not been finalized yet, I think next week we can still expect a proper announcement.

Q: Where will the trading fees from leveraged trading go?

Sasha: They will be used to buy -WXG tokens back. So the volume of buybacks should increase.

Q: And how much is required to buy back the remaining -WXG tokens?

Sasha: This requires approximately 10 Million USD.

Q: What's next for StakeBooster?

Sasha: By the way, we have encountered a problem with StakeBooster. At the moment the mechanics of WX boosting in WX.Network pools is not very optimal for it, and there is an idea to discuss possible changes of this mechanics with the WX.Network team. It is quite possible that this updated pool mechanics will be used in the EVM version of WX.Network on Units Network after its launch.

Q: Tell us about Solar Waves! What kind of project is it?

Sasha: Yes, I recently helped launch the DAO of our community project, Solar Waves. And when the project itself launches, you will be able to purchase NFTs of physical solar panels that will both be traded on their own and generate income as they generate electricity in the real world. And it's all regulated through Power DAO.

Q: If the Units Network launch is successful, will there be any way to help with the buyback of -WXG tokens?

Sasha: I think yes, it will be quite possible to allocate some of the UNIT0 tokens for this purpose.

Q: What about SURF? Is there any change of plans?

Sasha: Yes, the conversion when the XTN price reaches 1.15 USD is still planned. And if buyback funds become available, they will be used as well.

Q: Any news on PETE?

Sasha: PETE has a major release coming up, I think you'll see it next week!

//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!