Behind Waves USDN depeg and how Sasha Ivanov worked to restore the peg by taking on $500M in debt – SlateCast #16 Behind Waves USDN depeg and how Sasha Ivanov worked to restore the peg by taking on $500M in debt – SlateCast #16
Waves founder Sash Ivanov spoke to CryptoSlate about how it feels to be called a Ponzi, corruption within web3, the depeg of USDN, and how it felt to take on $500M in debt to attempt to save the ecosystem.
CryptoSlate’s Akiba spoke with Waves founder Sasha Ivanov to talk about USDN, Waves, Terra contagion, and algorithmic stablecoins in general.
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.
Watch the full video here.
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Since 2017, CryptoSlate has strived to be an objective authority for the fast-moving and nascent digital assets space
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Neutrino USD (USDN) is an algorithmic crypto-collateralized stablecoin pegged to the US dollar.
Waves
$1.49067
Waves is an open blockchain protocol and development toolset for Web 3.0 applications and decentralized solutions, aiming to raise security, reliability and speed of IT systems.
Sasha Ivanov is a Technology Entrepreneur and for the past decade, he’s been helping improve business, banking and public administration systems evolving electronic payment mechanisms.