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.
29 min watch
Updated: January 16, 2023 at 2:32 am
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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.
Co-Host 
Liam 'Akiba' Wright
Also known as "Akiba," Liam is a reporter, editor and podcast producer at CryptoSlate. He believes that decentralized technology has the potential to make widespread positive change.
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Neutrino USD (USDN) is an algorithmic crypto-collateralized stablecoin pegged to the US dollar. Learn more
Waves
$2.39423
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.