Waves Proposes 2.0 Strategy with a Stablecoin on DAO Governance
Waves founder called Sasha Ivanov has issued the proposed Waves 2.0 plan. This takes into account fulfilling the per-second 1,000 tx on L1 with the utilization of the mechanism known as probabilistic consensus POS. As per the founder, all proof-of-stake chains do not resemble each other and the decentralization of the above-mentioned mechanism is superior to the one having PBFT.
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Waves Founder Discloses a Strategy for Waves 2.0
The founder, in a long Twitter thread, noted that L2-based multichain EVM will connect diverse layer-1 mechanisms rather than just Waves. He mentioned that eventually on Waves, EVM will be assistive in bridging between several L1s. Ivanov then proposed the latest governing model named Power DAO platform for blockchain. In his words, the respective model will permit the Waves platform to turn futarchy-like approaches into real eventually.
The founder added that to enable the operations of the decentralized autonomous organization (DAO), the platform will utilize governance based on skin-in-the-game KPI. According to Ivanov, the platform will also utilize SafeFi (known as the decentralized finance model). These models are based on anticipatable behavior as well as the ratios of rewards and risks. While elaborating on the proposal, Ivanov emphasized that yield farming no more exists in the market and that the sustainable economy has taken its place.
By mentioning the term “stable economy,” he meant the type of economy operated by stablecoins. The Waves founder asserted that the stablecoins based on adaptive DAO governance allow the platform to develop undepeggable stablecoins. These stablecoins, according to Ivanov, offer a hundred percent predictable behavior no matter what is the condition of the market.
Sasha Ivanov Announces Establishing an Undepeggable Stablecoin
He concluded his thread of tweets by stressing transparency. As per him, to cover the liquidity crunch of Waves, the platform will endeavor to bring comprehensive transparency to the procedure. A few days back, Ivanov declared that Waves is considering introducing a unique stablecoin amid the Waves-powered stablecoin named Neutrino USD’s ongoing crisis.
On the 20th of December, he shared on Twitter that the platform has a strategy to resolve the situation of the existing stablecoin along with the establishment of a new one. In Ivanov’s perception, the exclusive stablecoin will be undepeggable and a DAO model will provide the basis for it with an approach distinctively utilized by the forum.
