Waves Founder Releases Waves 2.0 Plan With New Stablecoin
- Waves founder Sasha Ivanov released the Waves 2.0 plan.
- The plan includes achieving 1,000+ tx per second on L1 using a probabilistic consensus PoS mechanism and keeping full decentralization, multi-chain EVM L2, Power DAO platform, SafeFib – DeFi models based on predictable behavior and wind/return rates, and the launch of adaptive DAO-governance based stable coins.
- Sasha Ivanov previously declared his intention to introduce a fresh stablecoin. A USDN scenario resolution plan will also be put into action beforehand.
Waves is going through a liquidity crisis amid the still lingering crypto winter. Therefore, for a potential new step, Waves 2.0 will be planned to solve this problem.
Waves founder Sasha Ivanov released the Waves 2.0 plan, which includes achieving 1,000+ tx per second on L1 using a probabilistic consensus PoS mechanism and keeping decentralization, multi-chain EVM L2 fully, connecting to different L1’s, not only Waves.
Next, Ivanov introduced the Power DAO platform, SafeFib – DeFi models based on predictable behavior and wind/return rates, and the launch of adaptive DAO-governance-based stable coins with 100% predictable behavior in all market conditions.
Previously, Sasha Ivanov announced that he would launch a new stablecoin. In addition, there’s gonna be a USDN situation resolution plan set in motion before. He also announced a plan for aggressive decentralization, including the creation of a new Waves Association DAO and the donation of $10 million in governance tokens currently held by the team.
“The amount of WAVES in the USDN contract is not significant enough to impact price – even in the worst-case scenario where all WAVES were drained. There is no inflation or new WAVES tokens created by Neutrino – at any point. And there is no way to drain the contract in a single day or entirely,” Ivanov said.
Additionally, the Neutrino community voted to approve the proposal regarding transforming USDN into a multi-collateral asset with a soft peg. The stablecoin will also be backed by the following Waves ecosystem tokens. The ecosystem teams will donate $15 million of every project’s token directly to the Neutrino backing.
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