CryptoSlate’s Akiba spoke with Waves founder Sasha Ivanov to talk about USDN, Waves, Terra contagion, and algorithmic stablecoins in general.sa
Watch this exclusive interview to hear Sasha’s view on the state of web3 and what it felt like to take on $500M in debt to attempt to save his creation.
The post Behind Waves USDN depeg and how Sasha Ivanov worked to restore the peg by taking on $500M in debt appeared first on CryptoSlate.
Credit: Source link
Bitcoin (BTC) $ 97,098.00 0.41%Bitcoin (BTC) $ 97,098.00 0.41%
Ethereum (ETH) $ 3,388.77 0.43%Ethereum (ETH) $ 3,388.77 0.43%
Tether (USDT) $ 0.999452 0.07%Tether (USDT) $ 0.999452 0.07%
XRP (XRP) $ 2.26 0.73%XRP (XRP) $ 2.26 0.73%
BNB (BNB) $ 667.43 0.01%BNB (BNB) $ 667.43 0.01%
Solana (SOL) $ 186.95 0.65%Solana (SOL) $ 186.95 0.65%
Dogecoin (DOGE) $ 0.322301 1.87%Dogecoin (DOGE) $ 0.322301 1.87%
USDC (USDC) $ 1.00 0.07%USDC (USDC) $ 1.00 0.07%
Lido Staked Ether (STETH) $ 3,384.39 0.56%Lido Staked Ether (STETH) $ 3,384.39 0.56%
Cardano (ADA) $ 0.914216 1.82%Cardano (ADA) $ 0.914216 1.82%
TRON (TRX) $ 0.248240 0.52%TRON (TRX) $ 0.248240 0.52%
Avalanche (AVAX) $ 38.19 3.32%Avalanche (AVAX) $ 38.19 3.32%
Chainlink (LINK) $ 22.57 2.87%Chainlink (LINK) $ 22.57 2.87%
Wrapped stETH (WSTETH) $ 4,016.47 1.15%Wrapped stETH (WSTETH) $ 4,016.47 1.15%
Toncoin (TON) $ 5.45 1.26%Toncoin (TON) $ 5.45 1.26%
Sui (SUI) $ 4.49 3.97%Sui (SUI) $ 4.49 3.97%
Shiba Inu (SHIB) $ 0.000022 1.71%Shiba Inu (SHIB) $ 0.000022 1.71%
Wrapped Bitcoin (WBTC) $ 96,937.00 0.28%Wrapped Bitcoin (WBTC) $ 96,937.00 0.28%
Hyperliquid (HYPE) $ 33.89 4.4%Hyperliquid (HYPE) $ 33.89 4.4%
Stellar (XLM) $ 0.366727 0.17%Stellar (XLM) $ 0.366727 0.17%
Polkadot (DOT) $ 7.11 1.71%Polkadot (DOT) $ 7.11 1.71%
Hedera (HBAR) $ 0.263844 1.26%Hedera (HBAR) $ 0.263844 1.26%
WETH (WETH) $ 3,391.52 0.23%WETH (WETH) $ 3,391.52 0.23%
Bitcoin Cash (BCH) $ 457.70 0.35%Bitcoin Cash (BCH) $ 457.70 0.35%
LEO Token (LEO) $ 9.36 0.66%LEO Token (LEO) $ 9.36 0.66%
Uniswap (UNI) $ 14.12 4.33%Uniswap (UNI) $ 14.12 4.33%
Litecoin (LTC) $ 103.25 1.7%Litecoin (LTC) $ 103.25 1.7%
Pepe (PEPE) $ 0.000018 0.91%Pepe (PEPE) $ 0.000018 0.91%
Wrapped eETH (WEETH) $ 3,567.21 0.82%Wrapped eETH (WEETH) $ 3,567.21 0.82%
NEAR Protocol (NEAR) $ 5.11 2.19%NEAR Protocol (NEAR) $ 5.11 2.19%
Ethena USDe (USDE) $ 0.999937 0.14%Ethena USDe (USDE) $ 0.999937 0.14%
Bitget Token (BGB) $ 4.22 3.11%Bitget Token (BGB) $ 4.22 3.11%
Aptos (APT) $ 9.52 7.19%Aptos (APT) $ 9.52 7.19%
USDS (USDS) $ 0.999673 0.01%USDS (USDS) $ 0.999673 0.01%
Internet Computer (ICP) $ 10.20 3.34%Internet Computer (ICP) $ 10.20 3.34%
Aave (AAVE) $ 310.12 0.96%Aave (AAVE) $ 310.12 0.96%
Cronos (CRO) $ 0.160329 1.94%Cronos (CRO) $ 0.160329 1.94%
POL (ex-MATIC) (POL) $ 0.486432 1.04%POL (ex-MATIC) (POL) $ 0.486432 1.04%
Mantle (MNT) $ 1.18 0.77%Mantle (MNT) $ 1.18 0.77%
Ethereum Classic (ETC) $ 26.49 0.73%Ethereum Classic (ETC) $ 26.49 0.73%
Render (RENDER) $ 7.31 1.34%Render (RENDER) $ 7.31 1.34%
VeChain (VET) $ 0.046710 0.79%VeChain (VET) $ 0.046710 0.79%
MANTRA (OM) $ 3.79 2.63%MANTRA (OM) $ 3.79 2.63%
Monero (XMR) $ 190.60 0.83%Monero (XMR) $ 190.60 0.83%
WhiteBIT Coin (WBT) $ 24.40 0.21%WhiteBIT Coin (WBT) $ 24.40 0.21%
Bittensor (TAO) $ 468.58 1.95%Bittensor (TAO) $ 468.58 1.95%
Dai (DAI) $ 1.00 0.09%Dai (DAI) $ 1.00 0.09%
Artificial Superintelligence Alliance (FET) $ 1.30 1.82%Artificial Superintelligence Alliance (FET) $ 1.30 1.82%
Arbitrum (ARB) $ 0.766009 2.25%Arbitrum (ARB) $ 0.766009 2.25%
Ethena (ENA) $ 1.07 5.72%Ethena (ENA) $ 1.07 5.72%
