Waves is a community‑based stack of decentralized open‑source technologies to build scalable, user‑friendly apps.
Feb 28, 2023 • 25 tweets • 7 min read
1/ Governments seeking to regulate the crypto market are nothing new.
❌When they cannot control it, they will seek to ban it.
This is exactly what happened when China banned mining and institutions from accessing crypto in May 2021.
reuters.com/technology/chi…2/ In the U.S. there is an ongoing inter-department power struggle emerging around who should establish regulations around crypto.
The clearest guidelines we have were proposed by Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) in June 2022.
Here is the plan to build Waves #DeFi back better than ever 👇🏻
wav.ink/3MX3PCv
2 major problems started April 2nd:
1️⃣ @neutrino_proto, $USDN stablecoin depegged from the USD - due to large selling of the USDN in the @CurveFinance pool
2️⃣ @viresfinance suffered a liquidity crunch - due to all the lenders deposits being loaned out to large borrowers
