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– TIMESTAMPS –
0:00 Intro
1:40 What is Waves?
5:31 Waves Enterprise
10:46 Gravity Hub Use Cases
13:28 Band Protocol Partnership
14:14 Waves Tokenomics
17:54 Conclusion
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📺 Recommended Videos 📺
► Cosmos: https://www.youtube.com/watch?v=x1gnWnyxLNE&t
► Polkadot: https://www.youtube.com/watch?v=wb0czKguqAY&t
► Band Protocol: https://www.youtube.com/watch?v=lPxbJv0JQVY&t
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⛓️ 🔗 Useful Links 🔗 ⛓️
► Waves monetary policy: https://medium.com/wavesprotocol/waves-community-driven-monetary-policy-e9018d35b911
► Band Protocol partnership: https://medium.com/bandprotocol/band-protocol-strategically-partners-with-waves-to-power-defi-web-3-0-applications-6c92f88e3855
► Waves website: https://waves.tech/waves-protocol
► Waves Enterprise: https://wavesenterprise.com/we-whitepaper-en.pdf
► Waves Dapps: https://dappradar.com/rankings/protocol/waves
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❓ What Is Waves ❓
The Waves blockchain was launched in 2016 and was actually the second biggest fundraising platform during the ICO mania of 2017. However, there is a lot more to the project than that.
Waves have their own version of smart contracts called Ride. These non-Turing complete smart contracts don’t require gas – a damn big deal.
Another cool thing is that you can actually vote to change the monetary policy of Waves and vote to create new assets. A great example of that would be Neutrino, which ushered in the creation of the USDN stable coin that pays holders interest rates of 8% to 15%. This algorithmic stable coin is collateralized by Waves coins.
💼 Waves Enterprise 💼
This was born out of the realization that many businesses want their own blockchains. That resulted in the creation of a hybrid blockchain platform for Waves enterprise that allows businesses to choose whether they want a private and public blockchain. Waves Matter gives businesses the ability to create their own out of the box blockchains in 15 minutes – damn impressive.
The problem is that these enterprise chains need to talk to one another sometimes and that’s why interoperability matters, so the project created the Gravity Hub to solve that problem
🌌 Gravity Hub 🌌
Think about the DeFi space right now; it is basically isolated to the Ethereum ecosystem alone. Think about how much extra value could be created if other chains could get all that DeFi goodness.
What the Gravity Hub means is that DeFi projects wouldn’t need to rely on that one ecosystem and that DeFi projects using it could extend support to assets outside of Ethereum.
Check out my vid for more details on this!
🤝 Partnerships 🤝
The partnership with Band Protocol means that projects of the Waves ecosystem can use this oracle solution to connect to any external data source or API in a permissionless way.
Basically, this piece of the puzzle makes Waves a veritable one stop shop capable of supporting the backend of any web 3.0 dapp. This synergises strongly with ‘Ride’, which means that no gas fees are required within those dapps – those of you who are sick of Ethereum gas fees will know what I mean here.
💰 Waves Tokenomics 💰
An important thing to know is that Waves doesn’t officially have a capped supply and that inflation is dictated by community-driven monetary policy.
Some may say this causes problems as Waves is a staking coin and many holders want to receive higher rewards, meaning many people might just want to increase block rewards at every opportunity and cause hyperinflation.
The truth is that the community does not have absolute control over the protocol and there are basic controls in place to stop people inflating away the token value into oblivion.
Currently staking reward for Waves sits at about 5.5%. Yes, there are deflationary mechanisms to try and offset inflation. Watch the video to hear my thoughts on this!
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
#Waves #crypto #defi #dapp #review #smartcontract
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