working in Waves since 2019 i'm happy to see the rapid growth of the ecosystem
there are so many applications that sometimes it's hard for newbies to understand their roles and difference ๐
to help newcomers adapt here goes a thread about #tokens & #projects on Waves
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$WAVES - the native token used to pay fees in Waves blockchain. can be leased to earn 6% APY
$USDN - stablecoin algorithmically collateralized by $WAVES. has 10% APY and more than 1bln TVL
$NSBT - governance token for $USDN. can be staked to earn fees.
$WX - native token of Waves.Exchange (the oldest exchange in the Waves ecosystem) that will be used as liquidity mining & governance asset
just finished its pre-IDO attracting $50 million in 24 hours. public listings will happen on Nov 24th
$SWOP - governance token for swop.fi (the first AMM of Waves)
$VIRES - liquidity mining token of vires.finance (landing protocol) with 12% APY staking option
$ENNO - token of "the best mobile DeFi app" @EnnoWallet which also can be staked. it just had an IDO and might have a bright future following the adoption of Enno Wallet which allows to operate with all DeFi-apps in one app
$EGG - gaming token of @wavesducks NFT-game with a deflationary model. Waves Ducks is probably the best entry point to Waves ecosystem btw
$SIGN - the native token of @signArtApp (verification protocol + NFT marketplace). one of the oldest NFT tokens on Waves! the team perfectly guessed the trend with NFTs. much respect to you guys
$USDTLAMBO - the token that automatically changes its price according to algo trading bot results. supported by Waves.Exchange team. they also promise to do a real Lambo giveaway!
$WCT - Waves Community Token also known as "schrรถdinger token". will hopefully find his implementation in Waves DAO. this one is older than me ๐ ๐
$TN - native token of @TurtleNetworkTN blockchain which is based on Waves infrastructure
$PUZZLE - main token of new-model decentalized exchange Puzzle Swap
launching soon
it will use all the experience gained by its colleagues to make a BOOM and change DeFi-market forever
what i still miss
- exchanges aggregator (like 1inch)
- yield farming DAO (like YFI)
- more games, we need 3D actually
with Waves as a core these apps would be an explosure. devs, take your chance to easily grab a part of growing market!
so, i hope this thread was helpful for you to get the complete retrospective of what's going on in the $Waves ecosystem