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Waves 🌊 Profile picture
Waves 🌊
@wavesprotocol
The L1 for real builders: Fast. DAO-powered. Made for dApps, DeFi & RWA Making Waves in Web3 since 2016 🌊
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.
May 27, 2022 • 10 tweets • 4 min read
Time for the #Waves DeFi Revival Master Plan! 📜

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