NSBT

Waves Reveals its Master Plan to Address the Latest Ecosystem Upheaval

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Friday, May 27, 2022
Professional Services, Technology, Finance, Networks, Banking, Internet, Multimedia, Solution, Waves, CRV, Architecture, Carbon, Blockchain, Ecosystem, Decision-making, Decentralized finance, NSBT, WAVES, Bank, Cryptocurrency, Ultra vires, Neutrino

Since April 2nd, 2022, the Waves DeFi ecosystem has been through a string of unfortunate events leading to the de-peg of its stablecoin, USDN.

Key Points: 
  • Since April 2nd, 2022, the Waves DeFi ecosystem has been through a string of unfortunate events leading to the de-peg of its stablecoin, USDN.
  • Today, Waves is revealing its Master Plan to revive the Waves DeFi Ecosystem.
  • In addition, Sasha Ivanov, Waves Founder, is proposing - to personally take on the ~$400m worth of debt held by the large borrowers.
  • This has been a real stress test for the Waves DeFi ecosystem, and it is incredible to see the support from the Waves community in navigating this crisis successfully.