Key Points:
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.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
Coincu News
LayerZero airdrop had a new development when the initial snapshot was completed, signaling upcoming token…
Senator Cynthia Lummis criticizes the Biden administration's stance on Bitcoin and decentralized finance, fearing rights…
Kevin O'Leary's track record speaks volumes about his business prowess. In this article, we will…
Many have been fascinated by Michael Burry, famous for his prescient predictions in the financial…
Berlin, Germany, May 1st, 2024, ChainwireThe Nektar Network is excited to announce the commencement of…
The surge in Tether profits was primarily driven by approximately $1 billion in net operating…
This website uses cookies.