Waves is Transforming 🌊 (1 ➝ 2)
Waves 1.0 - Where We Are Today
The Waves blockchain started 2022 with more than 2 million user wallets and a vibrant community across successful projects such as Waves.Exchange, Vires.Finance, and WavesDucks.com. With 100k+ transactions in the mainnet daily and more than 250 validators, Waves boasts a throughput of thousands of transactions per second. The current Total Value Locked (TVL) in the network is $2B and about 80% of tokens are locked in staking. All of these have been achieved without any VC funding in the last 5 years.
Waves 2.0 - Where We Are Going
Now it’s time to become the ultimate platform for developers, creators, and millions of users.
To reach these ambitious goals, we are building a multi nuclei structure.
- Waves 2.0: New Consensus with Ethereum Virtual Machine Support
- Open Collective. New governance models
- Gravity Bridges
- Universal Bridge Integration
- Cross-chain finance: Bridge to all chains
- DAO Framework
- Meta: A bridge between digital worlds
- Level 0 Inter-Metaverse Protocol
- US Company and Accelerator Program
- US Company
- Accelerator Program
- Projected Timeline
- 🌊 (1 ➝ 2) – Join The Movement
1. 🌐 Waves 2.0: New Consensus with Ethereum Virtual Machine (EVM) Support
While we build out this new system we will be making protocol updates to the current system that will make the network faster and even more secure while staying decentralized. The Waves development team is focused on implementing the new version of Waves Consensus based on Practical Proof-of-Stake Sharding (PPOSS).
The development of our highly scalable and EVM-compatible network will start this spring. The new network will be connected to the existing one for a smoother transition to Waves 2.0 without depreciating the old network’s value or efficacy.
While the next version of the protocol is underway, the Waves Community will continue to enjoy new infrastructure integrations and DeFi features, including DAOs, next-gen DeFi protocols, launchpads, and flagship NFT marketplaces.
Together, the liquidity and ecosystem growth will boost Waves as a prime platform for DeFi users, developers, and creators.
Key Takeaway: Continued attention on improvements to current Waves 1.0 such as New Waves Consensus with EVM that will ultimately enable greater user interaction and engagement and smoother transition to Waves 2.0
2.💡 Open Collective: New Governance Models
Today DAO models move towards crowdfunding in many aspects, leaving the original concept far behind. One of the main problems here is the lack of success-evaluating mechanisms. We believe that the DAO participants whose decisions bring DAO's success should receive additional benefits, and have “skin in the game”. Waves DAO will upgrade the old futarchy concept, so a new generic governance model will be launched, with applications that will far exceed current blockchain technology.
This alternative DAO model, the launch framework, and the first DAOs in the Waves ecosystem based on this framework (Waves Association DAO and Investment DAO) will be launched in 2022.
Key Takeaway: DAO Framework will bring new governance to Waves Open Collective and beyond.
3.💸 Cross-chain Finance: Bridge to All Chains
Liquidity inflow is a key for next-gen DeFi on Waves and availability of DeFi tools for billions of people. Gravity Technologies, introduced in 2020, will power a bridge to all major chains.
We’re building a bridge for users and applications to access assets on any EVM-compatible chains (Ethereum, Avalanche, Binance Smart Chain, etc.), Bitcoin, and Solana. The bridge is based on threshold signatures, which makes it simple enough to avoid vulnerabilities in complicated smart contracts and reduce gas fees. Gravity bridges will be tightly integrated into the new Waves 2.0 network.
Universal Bridge Integration
In parallel with Gravity, Waves is going to take advantage of the current cross-chain bridge technologies to create a universal bridge integration. Our first target will be the Allbridge integration in May 2022.
Key Takeaway: Through Gravity Bridges and the Universal Bridge Integration, Waves will attract and increase liquidity of its platforms and create greater accessibility to the ecosystem.
4. 🎮 Meta: A Bridge Between Digital Worlds
For years the promise of NFTs in games and metaverses was the future. Now, they are here, but the current challenge is in connecting different metaverses and blockchains. We aim to solve this problem with blockchain agnostic Level 0 Inter-Metaverse Protocol.
Level 0 Inter-Metaverse Protocol
The protocol's goal is to provide a toolbox for creating connected metaverses, unified by a shared economy and identity.
Game creators will be able to easily integrate cross-chain NFTs in any game or marketplace out-of-the-box with a unified API for games without depending on any particular chain. As a result, users will benefit from unified account management in any NFT game. They will see all their NFTs in all games in a single dashboard – creating the perfect UX.
Key Takeaway: Inter-Metaverse Protocol will enable a connection between different metaverses to create a more seamless user experience.
5. 🇺🇸 US Сompany & Accelerator
The United States has a large global share of blockchain developers, projects, and ecosystems and there are many large, forward-thinking companies exploring blockchain integration.
To support rapid growth across the ecosystem we established a US-based company Waves Labs, headquartered in Miami in Q1 2022. The team is currently hiring experienced engineering, business development, and marketing leaders who will help Waves Labs deliver top-quality projects in the US Market.
WAVES will be available on more top-tier venues in the most active DeFi regions, including the United States, where many users have been interested in accessing the ecosystem but were previously unable to get WAVES. This will additionally enable further satellite incubators in other locations, including Singapore and Western Europe.
Key Takeaway: $150m fund and an accelerator program that will foster the growth of talented developers joining web3 from web2.
6. 📅 Projected Timeline
- March 2022: Inter-Metaverse Protocol litepaper release
- April 2022: MVP release of Inter-Metaverse Protocol with integrated games
- April 2022: DAO Litepaper release
- March 2022: US company foundation
- April-May 2022: incubator launch for US teams
- April 2022: Waves 2.0 litepaper release
- June 2022: Mother-DAO launch
- June 2022: Gravity Bridges MVP launch
- ****er 2022: EVM MVP Release
7. 🌊 (1 ➝ 2) – Join The Movement
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This document will be updated with the latest detaМils and timelines for all the products listed every two weeks.
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Let’s Make Waves!