🔷 Waves Tech - a powerful blockchain-agnostic ecosystem

[bct_ail]

Why is the coinomat BCH Gateway not working?

No clue. Did you ask the support at waves.exchange? They should know it.

[elma]

I have no idea why everyone here suggested i create a new password or account.  That literally made no sense at all.

Are you sure ?

[jerry0]

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?

[hd060053]

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

[jerry0]

Okay but are many people buying usdn and staking?  That is a ton of interest to earn...



Why are not lot of people doing this?  I mean thats even higher than blockfi, nexo and celsius rates?  Im also confused of that apy rate.  Is that higher than the interest rate? 

[bct_ail]

Why are not lot of people doing this? 

Because:

There is just not much marketing going on and no attention to Waves

So spread out the good words for Waves.

[jerry0]

Why are not lot of people doing this? 

Because:

There is just not much marketing going on and no attention to Waves

So spread out the good words for Waves.

How would i do this?  I dont know anyone personally.  You mean talk about waves on other forums or something?  This is literally one of the few forums i visit etc...

[Inagame]

Withdrawal fees on waves exchange are very high now and they need to be reduced with adding some new gateway partners or alternative way for withdrawals.

[bct_ail]

How would i do this?  I dont know anyone personally.  You mean talk about waves on other forums or something?  This is literally one of the few forums i visit etc...

You can also advertise it here in other threads. Defi threads for example. There are enough users who haven't heard of Waves yet.

Withdrawal fees on waves exchange are very high now

For which coin?

[codehtcmail]

Withdrawal fees on waves exchange are very high now and they need to be reduced with adding some new gateway partners or alternative way for withdrawals.

I sell any coin into Waves, transfer it for a low fee and exchange the waves back into that coin.

[Waves.support]

Well, you all know about Waves' recent progress! Are you already a Waves fan? If so, be sure to participate in the new Duck Hunters round!

Post pics featuring the Waves logo in your daily life on Twitter with #WavesDucks $WAVES #RideOnWaves hashtags and your Waves.Exchange wallet address in your Twitter bio.

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This round will run through May 11, 7 PM (CET), and the winners will receive $EGG tokens for participation on May 12-13. Each awesome tweet will be rewarded with 1 $EGG. The craziest works will get even more $EGG! Let the fan craze begin!

[Waves.support]

Sup, Duck Hunters! We need your power to spread the word about Waves! Tell Elon Musk that $WAVES is exactly the crypto he's looking for by commenting on his tweet. Add #RideOnWaves hashtag + your Waves.Exchange's wallet address in your bio.

We will select top comments and award their authors with 1 to 10 $EGG! The more creativity and likes for your tweet - the more tokens! This round will last till tomorrow 10:00 AM (CET).

If Elon replies to your comment, we will reward you with 100 $EGG. Hurry, hurry!

[tyz]

1. USD-N is a algorithmic stable coin backed by WAVES-tokens.

That is clear so far. But unfortunately, still no one could explain to me what would happen if the Waves price suddenly collapsed. Then many Waves would have to be deposited additionally. It is not clear to me from the whitepaper how such a case would be handled. Maybe I didn't get it right, but it would be interesting if someone would explain it in simple terms.

[jerry0]

How long has USDN been out?   What about with the waves client?



Also, what is the cheapest way to turn whatever funds you have into usdn?  When I click on swap waves for usdn, seem to charge a 0.005 waves fee which is cheap.  But it also includes a protocol fee that is 2 percent?
So it cost around 2% or so to swap waves to usdn and vice versa?/



But if you swap say waves for usdt, it cost you 0.003 waves.  Then going from usdt to usdn, it cost you another 0.003 waves.  So if my math is correct here, you going to save basically the whole 2% or so if you do it this way... versus just trading waves for usdn and vice versa which shows nder the swap waves/usdn tab under trading?



But if you instead do the above and click on usdn... and trade waves for usdn directly... its flat 0.003 waves fee.



Can someone explain this?  So basically if you go to trading and click spot trade... then trade whatever coin you have directly for usdn, you going to pay very little fees for transaction?  Thus only 0.003 waves fee only?

[Waves.support]

Vroom-vroom! Lambo rushes in to the next Duck Hunters round!

To participate, make an investment on Waves.Exchange's Lambo page before Monday, 7:00 PM (CET) and keep $USDTLAMBO tokens on your account before next Thursday, 7:00 PM (CET). Already a Lambo investor? You're also in! Just make sure your USDTLAMBO tokens stay on your account during the snapshot period.

❗️Do not forget to press 'Get' button to receive USDTLAMBO after the settlement period. If you skip this step, your entry will not be counted. See a detailed instruction in this FAQ, if you're new to this product.

Between next Tuesday to Thursday, we will make several snapshots and allocate 0.01 $EGG for each $20 you invested. If USDTLAMBO values between snapshots are different, the lowest value will be taken into account. We will provide a form for claiming rewards as soon as the round is finished. Enjoy your ride!

[Tara11]

How secure is balancer swap com? I need to connect my wallet to trade there.

[jerry0]

Anyone can answer the question i have on usdn trading?  So its cheaper to exchange it on the spot then right?  Also there is literally almost no fees for this?  It cost only 0.003 waves to do a single trade from any coin to another?  That seems way too cheap here?

[hd060053]

Anyone can answer the question i have on usdn trading?  So its cheaper to exchange it on the spot then right?  Also there is literally almost no fees for this?  It cost only 0.003 waves to do a single trade from any coin to another?  That seems way too cheap here?

But you have more spread and not so high liquidity. Also sometimes 1 usdn is not 1 usdt or 1 usd, but it's worth a bit less

[somebody else]

I think the waves trend is picking up speed lately. Staking the stable coins here is more profitable than anywhere else. The problem I felt is withdrawal lock period. It is nearly two weeks which is not a good thing.

For whom is staking so profitable?

Devs, remove any staking idea, especailly remove any abnormal interest rates, and make this coin normal.

[hopenotlate]

I think the waves trend is picking up speed lately. Staking the stable coins here is more profitable than anywhere else. The problem I felt is withdrawal lock period. It is nearly two weeks which is not a good thing.

This is true but if you keep an eye on the LP tokens on spot pairs you will find out that you were able to exchange them at almost same price they are locked at the moment you apply for unstake in a day or two.