Hi everybody, let's wait for five minutes.
Okay guys, I think we have enough people here, so let's start. It's Friday and it means that we are having our regular AMA that we have been having for a year by now, I guess.
We change things up a little so this time it's gonna be on Twitter just for a change. I think Telegram works better for a ms but okay it'll just make things more interesting.
So let's get started and we don't change anything like the flow so at the beginning I'll tell you about what was happening last week on waves and then you will be able to ask any questions
questions, as you know, it's not moderated, so you can ask any questions you like. And maybe at the end I will do some summary of what we plan to do next week. So this week, what happened just recently, I think like maybe 15 minutes ago.
with the role transactions that were stuck on with the change we were canceled for use this scene. You know that we are having this situation still on with the change of gateways, all gateways. There is some structure transactions. We are like
figuring out how we can deal with it. So the current plan is to buy those tokens bank with fees from exchanges on our decks and I think it's a pretty solid plan despite
the fact that the fees are quite low at the moment. But they're going to actually grow because new bridges are integrated, tap and bridges. They're like fully decentralized and I think it's very reasonable that
that the feasible grow. And I think it's a solid plan because the guarantees that all tokens will be redeemed. And at the same time, we are looking for funding, like talking to some VC funds.
It's not going fast, but I think it could be a success. So in terms of the estimate of how big the problem is, I think it's like it's
not really big, you can evaluate it even without the audit that we are doing now. You can evaluate it by just the amounts of tokens that are still outstanding. And the audit is moving forward, it's going to take some time because
like we have some legacy with those gateways that were launched actually six years ago in at least three different teams were involved so it's kind of hard and it's gonna take us some time but meanwhile we'll be buying the tokens back from the market
And we're going to be trying to enable the withdrawals again to do that we would need to find some funding. But I think there is a good chance that this will happen. So this is regarding the gateways. What else?
So, you see there are also a cancelled at the beginning of the next big UDT. If you are eager to just sell your
seconds you can do that now although I'm not asking you to do so I think it's better to wait either to sell them like if the price closes at $1 or maybe $1 or wait for the withdrawal
Yes, so this is something that everybody's asking. Another problem that we have is virus, as you know, our learning platform that experienced some major problems almost a year ago.
there are still not results. But we're still working on their resolution and today actually the new markets on the year is launched like tonight. The team on the various teams working at the launch new markets. And this will
actually signify the beginning of revival of virus because the platform is very solid and a lot of development has been done. A lot of thought was put into the development
So we just can't say the facts because I think it's a good platform. So of course there is some legacy but I think that we need to keep it running and basically we are moving forward with it. And today the new markets will be long
There is this idea to like use 10% of the protocol, like increase the protocol share in profits and use of money to buy back XTM/UDN.
to help people sell the higher price and exit their nearest positions faster. So let's wait for that. That should happen today. I asked recently and the team confirmed that they
plan to launch those markets today within you tokens from the new bridges. We wanted to launch voting on Power Platform this week, unfortunately. It didn't happen
this week there is some development that is not complete but it will be alive next week at the beginning and I remind you that you can basically choose how we can span the treasury because the treasury was donated
to waste the oil. You don't have to come up with your own funds. You can just vote on how we spend the treasury. And you can choose projects to invest and it's a for-profit treasury. The idea is not to just give away graph. The idea is to make
money for the community. I think it's a very good opportunity. So this process will start next week. I came up with a proposal for some overdraft strategy for I-Eras OP tokens. I think it makes sense. I think there's going to be
couple more proposals next week because we have several projects on Weiss that want to launch their tokens and there's going to be some offer from them to Weiss DAO to participate basically they will offer you their tokens with a huge discount
and you will be able to become some kind of like VC fund that like provides seed funding with a very big discount. There is at least three projects that I know of maybe in like four that are ready to proceed. So please wait.
Also next week, the voting for this new split of recent inflation, like three ways split basically. This voting will start happening. I'm going to take some time. I'm not sure that
The result is guaranteed, but let's just see how it goes and I will be like talking to waste miners to convince them that it makes sense. I can remind you what the plan of basically is like splitting three parts, those six waves that
miners get for mining a block. So we still go to miners, to we go to XtN by back and all the extend that is bought back is a burn.
And two waves go to waves DAW, and miners can decide basically what to do with it. And they can also profit from it because they get LP token in their term. So basically the idea is to make this offer actually more profit.
for miners than what we currently have because it will actually result a problem of SDM, flash, SDM that we're still having and this should be very good for a way to get system in general and also a part of miners rewards will become very
into with dollar treasury funds and this is for profit dollars this investment should be profitable and miners just get LP tokens and potentially my idea here is it should be more profitable than the current setup.
So this will start next week, the voting for this proposal or against this proposal.
And guys if you want to launch a project on the Waze, I think it's a very good moment to come up with a proposal to Waze doll and try and get a part of the treasury. There is nothing
so much money there around $1 million but it's enough to start I think for some kind of like pre-seed face or like pre-ideal face of the project I think it's more than enough to have like 100K or 200K
K for development and then it can do an ideal campaign once you have a finished product. So I think it makes sense and we'll see several proposals next week and we will be able to vote for one of them.
Okay, so this is like some kind of review of what was happening in ways last week. And now
You are able to ask me any questions you want. Please proceed. Anything goes as you know.
Please raise your hands or
Actually, I don't quite understand how it works on Twitter, because I'm never participated, so you probably know what to do.
Yeah, and while we're thinking about the questions, we have one minor issue, all minor statistics, it's pretty unpleasant. So another project on
the waste was hacked to the puzzle. There was some like some kind of like Oracle attack. The attacker was able to change the price of an asset and
So this was able to basically attack puzzle pools. The damage is not huge but it's still unpleasant and I think puzzle team will improve the mechanics
and also on their plan to come up with a proposal to help with the situation. I think it's a very good project actually. There is like several projects included in puzzle
also to say there is a swap like multi-tack and swap and there is landing protocol there is an NFT platform so I think it's a very promising project so I hope you will support it. Yes okay guys so please ask me something.
On Telegram is more fun usually, you know? Not okay. Yeah, guac guac, no fake famous famous guy. Yeah, like he's a mascot of like this.
I think I won't explain you why. People who follow probably know. Okay, you're on. I think he's from Spain. I'm on the wrong.
Hey man, you're on. Hey, hey, how are you about there? What do you think about the Israel today on Potholele?
Yeah, yeah, I just explained a little about that. So there was an Oracle attack because the little tweeter is low on WX and the attacker was able just to like manipulate the price using
low liquidity because it was easy. You don't have to spend that much money to move the price. And through this you're able to be used puzzle, pools and make around 70K. I think it's not huge but it's very unpleasant.
And I think puzzle team will make sure that this won't happen again because this attack was avoidable actually because it was quite obvious that it could have happened with like low liquidity
tokens are like shitcoins and also and when you try to do some landing protocols for a little bit with the tokens flash shitcoins you have to be very careful so I think puzzle team will be more careful in future and maybe it's good that the demo
which is not so huge. And as I said, I hope WazeDoh will help puzzle team to recoup it basically. So maybe there can be some kind of slop. So there is some puzzle tokens in the puzzle team.
and they can swap those puzzle tokens for some xtn from waste treasury. That was bad and there was some fubs in the fault channel but it's okay because the fault channel is made for fubs. And if you follow that
I think you know what I'm like, what I'm talking about. But I think I'll just leave it at that because I think this situation is over and we have to move forward and next week puzzle team will come up with some proposal to Wiz Dawg.
Thanks for your answers, especially. My question was about how did it affect the WAFES community, not only what happened. So, I just...
Yes, and my question was about how this kind of a to waves community not only for this I don't think it will affect ways community and too hard because the damage is not huge. It's 70k 70
KUSD. And the other hands, the puzzle team has realized that there is some problem with their oracles. And I think it might be even good that this situation
happened when the liquidity is low and it would be much worse if it would happen when there's more funds in the pools. And I think 70K is not huge amount of money, as you understand.
So puzzle fee will move forward and the community won't be too effective I think because I don't think this is like ground breaking amounts of money.
But on the other hand, puzzle team now understands that probably they have to increase their security. And I think it might be even helpful in the long run.
Thank you very much. I'm going to eat. I love you, Vladimir. Don't cry. It's okay. One day is one day. Yeah, sure. Bye bye. We're here with what the mayor actually in the office here as well. Didn't go to Cyprus. Probably he won't go there. So probably somebody will have to reimburse his tickets.
Okay, so next speaker in the yeah, please speak Hey, man, I know you your counter to the yeah, please yeah, bye
Yeah, just a simple question. When will the 20 million XTN be transferred under control of the Dow? It was already actually. It's there. And when can when can we start making proposals? Yeah, yeah, next week is the beginning. Okay, okay.
But I'm a personal so 20 million is there already I think I transferred like exactly we could go Okay, yes, and next week you will be able to vote yeah second question Sure, yeah, how is the audit going when will the audit be published? Yes
So I think it's going to take some time because there is a lot of legacy. There is a lot of tokens we have to face out the old tokens, not only EZT but also smaller tokens like ERC20 tokens that we had. It's more tokens and we have to
I'm not interested in the small tokens. I'm more about the customer funds, the gateways, what happened to this money? It's all connected actually. There is like you can't take them apart basically. It's all connected now because there is like some
Like flows, it really flows from what one click into another. And if we have some kind of a problem with one token, it somehow transfers over to another token. And we have to go through all the tokens to understand the problem in detail.
as I said we have a lot of legacy like three different- which company which company is doing the audit? No we're doing internally obviously. No sir. Do you think that's smart? What do you think that is a good idea that you who lost the fight
is doing the audit what happened to the front. But it should be done by someone external, you know. Maybe if you can recommend us someone we will consider. I can look and recommend the next day.
For us, in any case, now the situation has to be resolved. And it's not so big, as I said many times, but it has to be resolved. And on one hand, you need to understand what has actually happened, what exactly has happened. But on the other hand, you need to find a way to resolve it, you know, because
This is I think it is more important I might be wrong actually and you guys might have some other ideas but in my mind the most important thing is to make sure that everybody gets his money.
and independent audit could be very helpful in regaining the lost trust. Maybe, maybe you're right. Yes. So if you have any pointers or ideas about who could do that, I will check and see if I can thank you so much. Thank you.
As I sat telegram AMAs seemed to be more active somehow. They're like, that's her technique only, but on the other hand,
We do results in performance.
Don't have anybody else. Guys, please ask me something.
You can just fad, you know, or like, hold me a scammer or something, just like, let's make it more interesting. Yes, yes, yes. Hey.
Mr. Davouda, you're on. Yeah, hi. Good afternoon. Good morning. Good evening, everyone. And hi, Sasha. Hi. Hi. Hi. I wanted to ask regarding the what's going on with the WXG and the I've seen the proper stablecoins being implemented and they are correct.
pricing. What about the USDC, the PTC, the Thoreau WHD that has mistracing? Yeah, so this is a problem that we're facing. Basically we are facing out the old gateways and we haven't.
like WX has implemented new bridges and there's some problem with the old tokens that we are like resolving now. So what we are doing now, all the fees from WX traits of the fees go to
like buying back the old mispriced tokens. We are also trying to locate the problem at the same time trying to like negotiate with the VCs about the funding. This is what we are doing. So the plan here is to follow in basically
We'll keep buying those tokens with the fees which will make sure that their price will go up because there is going to be a buy pressure always and eventually all the tokens will be bought back from the market and the same
time will try to cross some funding to re-enable withdrawal for those applicants to be skilled at two days and faster. So this is a plan. At the same time, new breaches are being implemented. New blockchains are being added this week.
The paper team has launched Binance Smart Chain. In their bridges, more blushes are coming. And I think this will affect the amount of fees on the way they change very positively. So we will be able to buy bags of
So basically whoever owns I don't know the WXG can rest in
sure that once everything is solved, they are one is still one. It's going to take some time. I don't promise you, I'm not promise you that this will happen like in a few days. We will have to work on that for a while. It's a matter of months, maybe even more, maybe it's a matter of a year, it will happen. It depends on
many different factors. So we have like a very like reasonable plan to just use the fees from all decks and like one disappear in our offices like integrated in the waste chain directly. So those fees will stay there and I think they should draw the duration
And be back to the levels they were like last year and in this case I think it will take us several months maybe like maybe like 10 months maybe year to buy those tokens back from the market but at the same time of course it's not the only plan so this is like something that
will guarantee somehow that situation will be resolved. But it should be resolved faster. So at the same time, we'll try to find some additional funding and by the circuits back or redeem them faster. Not only with fees, but with additional funds.
Thank you for that. So basically it is my understanding that if you deposit one USDT platform you can change. I don't know what the exchange is USDT, WST basically. You should be able to change it.
at like one to one ratio. For now, yes, but it will have either if you want to just sell at any price
It's doable, but it wouldn't recommend it because the process is too low So yeah, I just wanted to add that you know guys if you have those like all seconds I Like let me just assure you that we're doing everything account to make you whole as fast
possible, but until it has happened, you can actually make some profits by deposit desserts, old tokens to the WX pools for example. And you can get like 10% plus IPY by doing that.
You can just keep making money until the situation is resolved and you are able to withdraw your tokens or sell them at a good price. So it doesn't mean that you just have to wait. You can actually make some profits while you are waiting.
just deposit those tokens into WX pools because there is a pretty good API there. I'll just check for old tokens. I mean not for new tokens but for the old ones. I think the API is pretty good. For example, in old C2
You can use the TPU, you have 10% APY if you don't do any boosting that is you don't have any WX token state. It's 10% APY. And if you have some WX token state and if you vote for this pool, you can get 50% APY.
So if you don't want to have any more tokens from waves, I can understand that guys are probably just going to have like 10% of the power, but just deposit in your use the Steve's, the tea to the pool, which I think is very nice. Once the situation has been resolved,
You can make some profits. It's not huge, but I think it's somehow a company. Maybe like some what company for the situation. I would recommend you guys take a look at WX pools because I think it makes sense.
Okay, let's wait for someone to come up with their questions.
And yes, once again, I can maybe elaborate on that idea that you can use your old tokens, actually, for something. Just check some pools. It's not only on WX. I think you can check swap.fi.
out. There are some pools as well for old tokens. And you just keep them there, you know, so to make some API.
Also, we are working on a trading bot for a state Xtm in virus. So you will be able to redirect a portion of your investing to this bot that will be trading a Bitcoin, Ethereum, maybe some other major.
maybe starts with Bitcoin actually. And I think there is a chance that there's going to be some kind of a bull run at least for Bitcoin because of having everybody's waiting for that. Everybody expects Bitcoin fries to go up because of the
So I think it makes sense to use your Xtm somehow and I think there's going to be more intent for you to use your Xtm. We used DAW for now.
not with like user's exam but there was some surface extient on virus from the assumed depth that was transferred to wavesdaw but I think in future you will be able to use your exam in wavesdaw as well and I think there's going to be like a
a range of products that can use your XTN from VIRUS. I think the first project will be this training bot that we're developing and it will be launched on VIRUS. So you will be able to just choose the percentage of your staking that
will be used for trading Bitcoin, which should be profitable in and of itself, even if Bitcoin provides doesn't go up too much, because it's like market-making bought, they're just buying themselves and if Bitcoin stays in range, that is it doesn't go up or down
down too much, they still make money. But if it goes up, you only make more. If it goes down, if it goes something like, it goes not as expected, you will lose money obviously. But maybe not so much, because there is also some profits from
market making from those buying celebrations. But if you believe that Bitcoin and maybe a crypto market in general will try to rocket, you should probably participate. If you don't believe in that, you should. I think that was a good
chance that it will happen because if you follow the crypto markets you understand that the situation has changed drastically because now they don't they're not correlated to financial markets again. Now there was a time when they were like not correlated.
before the pandemic. Then it became correlated and for like three years, maybe four years, basically the follow up S&P financial markets. And now crypto become like uncurrelated to financial markets again. So it might be very good for crypto actually.
might be some kind of like a sort of sign of upcoming bull run. But it's up to decide. I'm not trying to give you any financial advice here.
Yeah, Nick Borrell. Yeah. Hi, man. Hello Nick.
I'm going to find how are you? Yeah, good. Good. I have to say I do prefer telegram much better. Yeah, it's both.
So, the question I have is any update with Waves 2.0 and what do you
What benefit does that give us when it's waves 2.0? So we need to do basically two things now. We probably are like the minimum that we should do is to integrate EVF somehow. It may be
maybe make it more scalable. So we have a plan. I didn't share it with the community yet I think, but I shared with some internal community with the miners community. So there's a plan to do some kind of like
Do you all block King? You will be able to transfer, you will be able to switch between waves chain and EVM chain, but you still will be able to use waves' seconds in both chains. And on top of that, this new chain will be there fast.
because it will use decay technologies, smarts, and it will be pretty fast. So this is the plan for now and what we will have in future. If we execute this plan, it will have an EVM chain which is connected to
the current chain so you can transfer the liquidity easily from one chain to another and this new chain will support all those like a series of smart contracts which you just can transfer from a series of this chain to a chain basically and it will be very fast.
Like probably as fast as curants, solutions such as our bitterm. Maybe even faster than polygon, I think actually. More secure because it will use more secure than our bitterm because it will use decay not
optimistic confancers which is used in and I think like more like long term plan and please to what I like I'm having in my now is to maybe focus not on like level 2 L2 but on a level 0 I think I
post of something on Twitter this week because I think it's very important that there is like what is LL0 L0 is for example it's polka polka or cosmos like LL is L0 but you see when it's always is L1 and they're like connect different chains so it's like a more basic level
Even then, Elvon. Elvon is not the deepest level and I can still go down. I think it's very important to think about scalability not in terms of like the two chains but going down a level and trying to come up with a better scalability solution.
going like deeper. And idea here actually to be very fast zero chain on top of waves or like not on top of waves but like maybe transform waves into this like L zero chain which can support like multiple
once on top using the ZK technology. And I think this idea is pretty unique and please start having seen anything. Yes, nobody's doing this. Yes, so this is the plan. So like I was short or plan is EVM plus ZK, which will make the solution fast. And
One more long term plan is to work on L, like actually turn waves into L0 chain. Not L1, but L0. L0 is at the same time something like similar conceptually. If you would just want to have some examples, just poke a dot.
It is like a cosmos on the thing that's it actually. Yeah, so this is like I some kind of like a very basic Network that can support multiple chains. This is a blunt. Okay. Yeah. So I'm not gonna I'm not gonna do a Sasha joke. I'm gonna say you know when will this be ready? It's we're not gonna
I'm not gonna say next week, right? Yeah, yeah, next week I think yes, we'll have like a final final plan so we'll announce it soon that we are working on the current chain now like on like improving out of this capability all the current chain on yeah, and at the same time we're working on this.
So the timeline here is probably for the improvements of the current chain. I think this should happen this summer and for the new chain, I think around this fall,
this year's okay far more closer to the end of the year before Christmas essentially yeah okay okay okay that makes sense coming up pretty excited about it all the I get a bit of fun on the fun chat because they say I'm a casserole whatever
better. But some people support us, some people don't. I think it's okay. So some people believe when us, some people don't. I think it's normal. I mean, I'm mixed, you know, because I do believe in the technology. And I want to be like supportive that. But I also like a lot of everybody in, you know,
come to an end with that eventually soon enough so we can get on and do some marketing and start pushing it forward and and then hopefully see some price action. I mean if if we do really see some some good news happen I mean we're seriously at the bottom and those who are heavily invested in it you know we can really see some
fantastic gains. So I think we'll go to zero. But I don't believe that. The other question, if you don't mind, is say I wanted to say I wanted to be with Eikolika, you know, with somebody who runs, you know, runs the network
helps with the network. Is that an easy setup? I want to become a minor. You want to... Yeah, is that... It's very easy. It's very simple. I looked into it. Maybe it's quite nice to have a step by step guide or a set. We have it. We have it. Because I can't tell you actually. We have it.
actually I just like message me and I'll find it because I do wonder if there are other people in the community if they if they were minors you know they may be they yeah there's no program have a lot of notes there so probably you're not in the chat but there is like a very detailed manual yeah
It's pretty technical, but anyone can manage it. I think if you have some experience with like just launching a web server, for example, or like working with them remote hosting, it means that you will be able to launch a wave node. So it's not so complicated.
would make that would definitely make me feel myself as like part of the. Sure, I think it makes all the fun. I mean, and I wonder if other people did that. I wonder if they would feel the same as well as well as. Yeah, it's all the fun. Yeah, so yeah, just you can ask someone. You can also pin me and I will find the link to the manual.
for you. Do you need a powerful machine? No, you just need some repair essentially. It doesn't have to be powerful. So it's not like basically money. All you need is maybe a VPS for $10 or $20 a month. Like virtual server. Not a dedicated server, not
some kind of like fancy mining equipment or like video cards as well as the case in the museum sometime ago. No, you just need some kind of a virtual server which you can run for like 10 or 20 or 30 bucks a month.
So just pin me and I will send you the link to the matter. Okay.
I'll make it gone. Okay guys, so
Next time until the gram in the file chat I guess, in the file chat it's like most fun and here everybody's kind of like sad. And nobody wants to ask anything even a race hell and play.
Okay, let me just remind you that we'll have them next week.
third proteins in with the doll and in part doll and I forgot to mention about the charity effort that we are like involved in all this is a turkey doll
I'm not involved in this Turkish community is on it and the goal is to basically help Turkey with the earthquake relief but at the same time the idea is to promote power platform the
So this should be a great use case for other technology. And today there is some kind of like inauguration, at least maybe some kind of like kickoff event. There is a concert in Turkey.
Like we promote the charity doll during this concert in the affected area. There's a concert with musicians in the area that
that was like damaged badly by the earthquake. And next week I think there's gonna be like a separate voting.
because the main doll of the power platform will have to vote for some donation to power clickers to turkey doll.
And those like power seconds will be used to reward the participant of the turkey doll in case if the girls which are set.
for the Turkey Dow will be achieved. So in this case they receive some par of seconds and so there's going to be probably two voting next week one in the main Dow and maybe maybe one voting maybe even more voting
the ways that are done. If you want to apply for funding, you still have time. And get ready to load, actually. If you participate, if you've stigged your power tokens in the ways that are done, next week you'll be able to load how to spend the funds.
This is very important. Another important thing is miners voting. I hope we miners will vote for the proposal because it will help us
result of this situation with this XTN. It will help us to fund some projects on the Maze, because part of mining work will go to the DAW and actually it will make us
you know, resolve all those issues that we are facing, that we have been facing for a year by now, faster. I think it's like, it makes a lot of sense for you to vote for it, because it will help you and probably will help you financially as well, not only just for real.
your help in the community, your help in yourself, basically help us help you. So two important things, mind-runs-low team, first low teams in the way of dog. So guys, let's wait for it. It's very interesting. And I'm
of scenes are moving forward now. The auto-fixitant scenes will be happening like next week and a few weeks and like something is always happening and I have no more hacks that will happen. Now it's a pretty bad situation today.
But what can you do? It makes you wiser and it makes you more resilient. You've got to do what you've got to do. Thank you very much. We don't have any more questions as far as I can see. Next week I think we'll have
this AMA I'm telling you around because it looks like more engaging and for now guys that's it see you next week. Bye for the people right on waist I wish you to have a nice productive week