Jan 10,2024

AMA with Sasha 5/1/24

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 5/1/24 can be found here.

//Recap Start//

Key Points:

  • Very soon we are expecting the release of Waves 1.5, an interim update necessary for the implementation of L2 blockchain, Units, which will be launched in February-March this year. And right after that, we are expecting a massive marketing campaign for Units.
  • L2MP holders, who are mostly the owners of deposits on Vires.Finance and XTN holders, will benefit the most from this, as only they will be able to mine UNIT0 tokens for the next two years. Miners will also benefit, as they will be the ones mining tokens of the launched L2 blockchains.
  • As a reminder, owners of deposits on Vires.Finance still have the opportunity to swap them to L2MP and participate in the initial high-yield staking.


Q & A

Q: You said the XTN token is being gradually taken out of circulation, does that mean it won't be in the ecosystem in the end?

Sasha: To clarify, at the moment XTN is being actively burned, it is being taken out of circulation to reduce its supply, not being replaced by something new.

Q: Is there any update to the Neutrino Protocol roadmap?

Sasha: Of course! All the updates are published in their news channel. For now, they are launching Neutrino Index which will soon be available on the Ethereum blockchain.

Q: What's up with Numeris? Has it still not received its funding through the Numeris DAO?

Sasha: That's right, so far we've been busy launching Units. But as soon as it happens, we will find a way to fund it outside of the community, and the project will launch no matter what. However, if you're interested in getting it up and running sooner, I suggest you check out the possibility to fund the project through Numeris DAO.

Q: I noticed that the collateral in the VIP-26 vesting pool was partially transferred to the VIP-28 pool. Are we expecting any changes in the vesting conditions?

Sasha: Yes, we plan to slightly increase the amount of the daily vesting limit, as well as increase the total amount of XTN tokens that can be withdrawn with vesting, because now it is impossible to convert to vesting if the deposit amount is more than 750K XTN. This will help whales who still decided not to use the withdrawal option in L2MP to close their positions. 

Q: Shouldn't the XTN withdrawal limit from vesting be lowered? 

Sasha: I think it should be increased to give everyone an opportunity to close their positions on Vires.Finance.

Q: Can we expect the launch of Waves 1.5 as early as Tuesday (09.01.24)!

Sasha: Yes, that's correct!

Q: When will the situation with -WXG tokens on the network be resolved?

Sasha: I can't promise anything, but I think that news on this topic will cheer us up in March, as we will have more tools to resolve the situation. Including the launch of new WX.Network projects, which will raise the trading volumes, and thus the volumes of buybacks of these tokens.

Q: And when are these projects scheduled to launch?

Sasha: I think we can expect synthetic tokens and derivatives as early as January.

Q: What do you think is the next step for Ambassador DAO?

Sasha: I think the Units campaign will be working closely with Ambassador DAO. I have an idea to add another type of participant, however I will share more details on this a little later.

Q: What will be the first project on Units?

Sasha: There are plans to launch a number of DeFi projects, and there are also talks of launching an AI project. Not to mention that parallel L2 blockchains other than Unit1 will appear almost immediately.

Q: And when will UNIT0 Mining launch?

Sasha: This will happen sometime in March, right after the launch of the L2 blockchain.

Q: How do you see 2024 for Waves?

Sasha: I think the Q1 will be busy in terms of launching Units, after that we will start a massive marketing campaign and launch a wide variety of projects on L2 blockchains. After that (Q2), we will need to focus on Power DAO and especially Mother DAO. The last quarters (Q3-4) will be focusing on the scalability of the L1 Waves blockchain.

//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!