CRYPTO GLOSSARY
CRYPTO GLOSSARY
Jul 10,2024

AMA with Sasha 5/7/24

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 5/7/24 can be found here.

//Recap Start//

Key Points:

  • We finally launched the TVL campaign for Units Network, which kicked off with the WAVES token! So you can provide liquidity in WAVES here and get your rewards in Unit0 after the project launch later this summer or early September. There has already been just over half a million dollars locked into the TVL campaign's smart contract.
  • The KOL campaign is also being launched, a number of YouTube videos and a few more articles are also about to be released.
  • The bridges and gateways are already being tested on StageNet and I think we will see them on TestNet next week.
  • I also just recently published a fairly long post on the tokenomics of Units Network. And I will be happy to elaborate on any points you may have questions about. 

 

Q & A

Q: I didn't know that the Units Network release should be expected in September, has it been postponed?

Sasha: No, the release is still expected to happen at the end of summer, but it could happen in the first few days of September, at the very latest.

Q: Could you clarify How much of the unit0 token will the L2MP stakers get?

Sasha: Let's take into account all sources of UNIT0 into which the supply will be split:

First of all, we will have L2MP staking. Also a part of the supply will go to the original liquidity providers within the TVL campaign, questing campaign, seed round investors, and miners. L2MP Holders are very important, but the questing and TVL campaigns are necessary to attract new people to the ecosystem.

And then, to keep the ecosystem running, we need miners, who should get something too. This is where the mechanism of burning UNIT0 used to pay network fees comes into play: the miners will receive the generated rewards for their activities.

There are 100 Million tokens reserved for all this, which will be gradually distributed. I would like to explain to you exactly how the distribution will happen and in what proportions, but there are still discussions with VCs and they can still change, but of course I will share the exact numbers with you as soon as they are finalized.

Q: Sasha, you were talking about some kind of proposal that you discussed with the miners, could you tell about it?

Sasha: Sure! We are discussing the idea of increasing the inflation of the WAVES token, due to recent events. This would help provide additional funding in the Waves DAO, as well as a number of other mechanics in the ecosystem. I will discuss it in more detail with the community next week.

Q: Is there any update coming for RIDE?

Sasha: I think that for now the programming language itself does not need to be updated, but we have a couple of ideas about it and I think that in the future we can expect their implementation.

Q: What unique projects would be ideal for Units Network?

Sasha: All in all, there are no unsuitable projects for Units Network, so there will be a number of sidechains launching their own projects as soon as Units Network is launched. I expect to see an RWA sidechain, an AI sidechain and a number of others, like a DeFi sidechain.

Q: When will the Zealy campaign Units Network launch?

Sasha: It has already started and can be accessed here.

Q: How many VCs are already working with Units Network?

Sasha: A number of VCs are already working with us and we are summarizing the results of the seed round, but the process continues. So far there are less than 10, but the point is not in their numbers.

Q: How do you see the Waves ecosystem a year from now, assuming all current issues are resolved?

Sasha: I've been wanting to do a big DAO for a long time, and had some additional ideas for it.

Q: On which exchanges should we expect to see unit0? 

Sasha: I think the list of the most popular exchanges can be included in almost its entirety, with the exception of Binance.

Q: What about the deprecated deposits on Vires Finance?

Sasha: They can be converted to XTN, and XTN is being bought back, so you can just convert these deposits over time.

//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!