DeFi and Web 3.0 Platform Waves Is Planning to Establish DAO, Make Advances within Metaverse

The team and developers at Waves Protocol, which is an open blockchain protocol and development toolset for Web 3.0 apps and decentralized solutions, noted in an update that from automated market makers or AMM exchanges to “viral” products and innovative mechanics, this past 12 months has brought many new apps to the Waves ecosystem that now form the “unique” value of WavesFi.

The Waves team wrote in a blog post that they would like to “zoom out” a little bit and review what has been achieved, together with the help of the community, during 2021.

Here’s a quick recap shared by the Waves team:

February 5
SWOP token launch

The first Waves-based AMM exchange, Swop.fi, “released its governance token, SWOP.” This allowed them to “enable liquidity mining as well as to provide substantial returns to the early bird program participants.” At present, the overall liquidity “surpasses the $20 million mark with a number of liquidity pools offering up to 100% APY.”

April 15
Waves Ducks release

This project holds “a special place in our hearts, as it has allowed Waves to tap into the world of gaming and create a whole new metaverse with tons of fun and profitable activities.”

More than 153,000 users experienced “the joy of collecting NFT ducks and the power of farming EGG, which went from $10 to $600 in price.” However, the Waves team says that they’re “not stopping there: the introduction of play to earn is just the first step to mass adoption and the entire world dominated by ducks.”

July 21
Vires.Finance launch

One of the key milestones for Waves that “offers a whole set of earning opportunities.”

As noted in the update, Vires is “a lending protocol featuring 7 tokens and allowing users to supply crypto funds with impressive APY as well as borrow them on a collateral basis.” Within the first months, the protocol “reached a total liquidity of $1 billion and released a governance token with staking capabilities.”

November 4
Waves.Exchange IDO and Liquidity pools

Raising $50 million in “less than 29 hours, the WX token IDO is arguably the most notable event in the Waves ecosystem this year.”

At the same time, liquidity pools is “the most promising investment product on Waves.Exchange to date.” Pools have been “met with great acclaim and are continuing to bring up to 350% income for liquidity providers.” More pools and WX token governance opportunities “are coming,” the developers confirmed.

December 10
Puzzle Swap launch

With this new generation exchange, they’ve “transcended into the reality of DeFi 2.0 by introducing mega pools capable of supporting multiple assets instead of pairs.” The native token, PUZZLE, has “grown from $0.10 to $26 within days due to its deflationary tokenomics.”

Waves also noted that the Puzzle Swap “combines separate aspects of other DeFi projects and delivers them in a single neat package.”

According to the Waves Protocol developers:

“2022 is going to bring even more quality apps to the Waves ecosystem. Expect to see Waves DAO, advances within the Metaverse, development news on DEX aggregator and more. And with the brand new Mainnet node version, we’re going to enable Metamask for the majority of our apps, which will further accelerate the capital inflow.”

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