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Alternate cryptocurrencies / Announcements (Altcoins) / Re: 🔷 Waves Tech - a powerful blockchain-agnostic ecosystem
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on: June 25, 2021, 09:11:40 AM
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I haven't followed the Duckhunter game lately, but just saw the EGG price is close to $200 now  I guess I shouldn't have sold mine for a few Waves back then  Is the game that popular? Or does the farming give you such high returns to justify the EGG price? It is marketing and social media. I think they want to hold the Waves price back, because they never make that marketing for Waves itself, but for Egg they do it. If they make that marketing for Waves, it gets to CMC rank 10-20 easy  |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: 🔷 Waves Tech - a powerful blockchain-agnostic ecosystem
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on: May 08, 2021, 10:04:58 AM
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Okay so been a while since i checked the waves_exchange client and have quite bit of questions.
So im staking some waves now as i did a while back and see 6% staking and seem to get waves sent to me every week.
I see usdn where you can trade waves for it. Is usdn a stablecoin like usdt or usdc where its flat one dollar regardless?
The thing that is confusing here is at the bottom it says you stake usdn and get 12% to 15% If so, i see you could stake usdn now and it shows interest of 18.67%. Is that annual interest? If so, how is that even possible?
Example if one person has 10,000 dollars worth of waves now and trades it for usdn... they get around 10,000 usdn minus trading fees right? And i see the fees are literally like 15 cents or so? It literally shows the transaction to swap waves for usdn is 0.005 waves fee. But i see there is also a protocol fee... so is that another fee you pay? So imagine trading 10000 usd worth of waves... how much would you get in usdn?
So that would mean if someone has say 10000 usdn and stake it the entire year they going to earn 1200 usdn or so at least by the end of one year? So now their balance is 11200 usdn? Thus imagine doing this with 100,000 usdn... you going to earn 12000 usdn a year? Then with that balance, you could convert that 12000 usdn to usdt... that send that usdt to coinbase or exchange to convert it to fiat and then to your bank account. Am i making any mistake here? But this is with using 12% yearly interest but right now... its 18.67%? But that number changes throughout the days and weeks right? But it doesn't get lower than 12%?
If that is the case, couldn't someone with 1,000,000 dollars literally just earn 120,000 usdn a year and then convert that to usdt... then convert it to fiat to coinbase and back to their bank account? I know those sites like blockfi, celsius offers you interest like that on stablecoins like usdt and usdc etc... so the waves exchange does it as well with usdn? And USDN is basically a stablecoin of a dollar and never changes?
Can anyone confirm this?
Are people here buying usdn and staking it? This seems ridiculous that one can literally earn at least 12% yearly interest with it right now as passive income? I mean 50k usd earns you 6k. Someone who has a ton of money like 500k would earn 60k usdn yearly? Then they can easily convert that usdn to usdt/btc and then to fiat? If so, how come there isn't much talk about the waves exchange compared to say blockfi/nexo/celsius? yes, it is true and it is working. There is just not much marketing going on and no attention to Waves |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: 🔷 Waves Tech - a powerful blockchain-agnostic ecosystem
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on: May 06, 2021, 07:58:49 AM
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Also i see you could stake btc and eth as well... but even usdc and usdt.
The apy shows over 30% Estimated APY Interest. What in the world? So how much does this translate to in interest yearly?
This makes no sense at att as it say you stake usdt, you get usdtLP. So is that safe or not? So if you stake it for a year of say l0,000 usdc or usdt... you going to get back all that usdtlp and that would easily convert to usdt at a flat one to one rate? These interest rates sound ridiculous... even higher than blockfi/nexo. Is there something im missing here?
Waves is using it's overpowered tech and game theory to enable higher rates than other blockchains/projects. ... you still have to believe in the whole Waves Ecosystem, Company and Sasha himself ... it's not fully decentralized (but other blockchains are also not full decentralized) |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: 🔷 Waves Tech - a powerful blockchain-agnostic ecosystem
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on: May 04, 2021, 02:50:50 PM
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What is going on with waves? Waves now bullish at $40 as massive volume comes to the waves market. I don't really care, I'm pretty much break-even on sat terms, profit on USD terms. I have f*cked myself sold very early and now it going even more up. Can't take it more. Good Bye!
it is bull season where whale bots pump all coins, even shit like this still after accumulating for years. this and many coins are still useless doing fuck all while big holders sell and sell now. all will dump eventually again. What is useless, when you can earn 100% on your USD with defi without fees on Waves Ecosystem? |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: 🔷 Waves Tech - a powerful blockchain-agnostic ecosystem
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on: May 04, 2021, 08:08:48 AM
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What is going on with waves? Waves now bullish at $40 as massive volume comes to the waves market. I don't really care, I'm pretty much break-even on sat terms, profit on USD terms. I have f*cked myself sold very early and now it going even more up. Can't take it more. Good Bye!
Nothing is going on. Waves always was overpowered in technology and usage. Now some people realized it. It can go up much more |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: 🔷 Waves Tech - a powerful blockchain-agnostic ecosystem
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on: March 12, 2021, 10:59:34 AM
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My main issue it the current SWOP.FI stuff. I hardly believe that the Waves team is promoting a potential scam. Look at all the contracts source (taken from https://github.com/swopfi/swopfi-smart-contracts): @Verifier(tx)
func verify() = match tx {
case _ => {
let adminPubKey1Signed = if sigVerify(tx.bodyBytes, tx.proofs[0], adminPubKey1) then 1 else 0
let adminPubKey2Signed = if sigVerify(tx.bodyBytes, tx.proofs[1], adminPubKey2) then 1 else 0
let adminPubKey3Signed = if sigVerify(tx.bodyBytes, tx.proofs[2], adminPubKey3) then 1 else 0
adminPubKey1Signed + adminPubKey2Signed + adminPubKey3Signed >= 2
}
} The Verifier function allow by a multisig to withdraw and control the funds (it also allow to update the dApp script). It mean that if 2 peoples on 3 decide to run away with all the fund: the dApp will allow it. We don't even know if their is 3 peoples or just 1... The dApp point is to decentralize stuff the prevent trusting a third party. In that case the third party has all the right (dApp update + funds control), so you must trust it. tldr; Swop.fi is NOT decentralized. Ofc, it is not decentralized YET. Nothing besides Bitcoin is decentralized yet. But Waves and it's additional tokens are designed to be decentralized --> so that can happen in the future. Look at Binance Chain, it is obviously not decentralized. Also Ethereum is not really decentralized. Look at their market cap value. Take it as an early mover advantage, if you hold Waves already. It has so much potential. |
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