Hello. Happy New Year to you. Is it possible to somehow see what new and most promising projects are currently using the Waves platform. After all, it's not a secret for anyone that the Waves have a real calm today and only the quality of new projects can revive interest in the platform. Therefore, I would not mind getting more voluminous information.

BIG LOL 

Hey jerry0,

the apy for USDN is changing daily but for the last year it was constantly around 8-12 percent.

USDN is backed by waves. So if you buy USDN from the waves.exchange for example via Kredit card. Your found are used to buy Waves. Backing your USDN with Waves.

In the background those Waves are than staked.

In the past people bougth USDN and the waves price was still cheaper than today. Therefore we get an over collateralisation (Statistics for USDN can be checked here: https://dev.pywaves.org/usdn).

Normally you would receive 6% via new created tokens in waves for staking waves, but due to the over collateralisation you have more waves staked than the value of one USDN and therefore you will also become a higher yield.

If over collateralisation would stop in future you could also get a lower yield. I'am not sure about the exact algorithmyc details. But that are the main principles.

Facts for remember:

After dev team announced celebration of price growth 1000%, this coin has fallen about 3x from the recent top, compared to bitcoin!

In the last 7d this coin had the worst performance between all the coin at the top 100 coin by marketcap, source coinmarketcap.com - this coin has fallen 25% last 7d

Never trust when dev team announcing celebration of 1000% price growth!


Do you own research and invest in what and when you think it is good time to invest (or not)!

It is not invitation to buy or sell this coins. This is call for doing your own research and not listening the dev team about the price growth celebrations!

This is applicable to all dev teams from all coins too in the similar celebration cases!

Very easy rule but the chart should be looked at: Buying is usually better at the lower price, selling at the higher price, at the moment you decided.

Check charts from coinmarketcap.com : https://coinmarketcap.com/currencies/waves/

I think the gains Waves made in 2020 were fantastic. Surely after a bull run of X10 you can expect a drop by 100%. Nothing new there. More worrying is that in mainstream media Waves is left out.

https://www.coindesk.com/first-mover-bitcoin-rally-pauses-defi-keeps-astounding

No mention of waves here for example. Like it does not even exist? No mention on the DEX page of Coinmarketcap. For years now, Waves is consequently ignored by the mainstream media just for the simple reason it does not work on Ethereum!

USDN was under 1$. That is the reason, why Waves got sold.



Yes, they still have to do more marketing.

Because BTC has gained about two/thirds since early december?