Waves Founder Sasha Ivanov says Waves doesn’t need centralized exchanges, outlining path to aggressive decentralization

Waves Founder Sasha Ivanov says Waves doesn’t need centralized exchanges, outlining path to aggressive decentralization

LONDON–(BUSINESS WIRE)–Following the investment warning posted across centralized exchanges last week, which placed warnings on WAVES token trading*; Waves Founder Sasha Ivanov explains USDN depeg does not threaten the solvency of the Waves Ecosystem and in response, announces a plan towards aggressive decentralization, creating a new Waves Association DAO which will see $10million of the governance tokens currently held by Waves team be donated to the Waves Association DAO, and their usage governed by the community.

Waves founder Sasha Ivanov is today issuing a statement affirming that the Waves ecosystem is fully functional, decentralized and is not threatened by the depeg of the USDN stablecoin.

“The amount of WAVES in the USDN contract is not significant enough to impact price – even in the worst-case scenario where all WAVES were drained. There is no inflation or new WAVES tokens created by Neutrino – at any point. And there is no way to drain the contract in a sin

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