Transition to waves 2.0 and a growing ecosystem

Waves is a PoS Blockchain founded in 2016 by Sasha Ivanov. In 2022 Waves will migrate to Waves 2.0 and will introduce EVM compatible sidechains and gravity bridges to all EVM compatible networks. This comes along with a new headquarter in the Miami (USA) and a 150Million fund. If you wondered why waves spiked the last days. Thats it.

You can find out more in the current Roadmap

Neutrino protocol and NSBT token:

The neutrino protocol and therefore the NSBT token is the backbone for synthetic assets and the stablecoins of the waves blockchain.

The most important stablecoin is of course USDN which is pegged to the US Dollar followed by EURN (EUR pegged) but there are other stablecoins too.

Minting USDN is only possible via locking waves in the neutrino smart contract. There is no slippage but you have to pay a small fee for that. Since mid march this will be only possible if you hold and stake NSBT. NSBT holder will get the fees created by these swaps. Therefore it is expected that the price of NSBT will increase.

Feel free to read all about the newest Neutrino updates here

Waves.Exchange and WX token:

Waves.Exchange is a DEX featuring an AMM with Orderbooks. Therefore no KYC is required and they dont have access to your funds.

The core product are of course the liquidity pools with an AMM who automatically executes transactions on the orderbook.

Providing liquidity to a pool gives you two kind of rewards. The base reward (vAPY) which is based on the trading activity of the pool pair and a reward in WX token (tAPY).

You can lock WX into gWX to boost the tAPY from 1.0 to 3.0. That means that the pool tAPY will increase for example from 100% to 300%.

gWX holder gets all fees created by spot trading on waves.exchange. By locking wx into gWX you boost the Pool APY to a maximum of 3.0 and you will get parts of the trading fees too.

A governance system will be introduced in the next weeks too and users will be able to vote for pool weight and new pools.

With the latest financial restrictions for people in the world and the new updates for the waves blockchain itself waves.exchange as a DEX should become a major exchange in the crypto space.

Feel free to use my ref link to register:
https://waves.exchange?ref=3PPPSfGzr4ZoNgTkbTJx6VF4a4TW2YCJzoj

Vires.finance and vires token:

Vires.finance is a lending and borrow protocol on the waves blockchain. It is very easy to use. You lock your funds so people can borrow from you and you receive a reward for that. Thats it. The APY you receive is determined by the utilization.

If supply or borrow on vires.finance you receive the vires token as a reward, too. The vires protocol takes a cut on the collected fees for borrowing and via locking vires into gVIRES you receive a part of these fees.

There are of course other protocols and a whole ecosystem for nft gaming like waves ducks and a nft marketplace i will introduce in part two.
Later on i will create guides on how to use every protocol.