{"id":572028,"date":"2022-06-03T17:22:29","date_gmt":"2022-06-03T16:22:29","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=572028"},"modified":"2022-06-03T17:22:29","modified_gmt":"2022-06-03T16:22:29","slug":"waves-founder-sasha-ivanov-believes-crypto-would-be-much-better-off-without-vc-investment","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/waves-founder-sasha-ivanov-believes-crypto-would-be-much-better-off-without-vc-investment\/","title":{"rendered":"WAVES Founder Sasha Ivanov Believes Crypto Would Be Much Better Off Without VC Investment"},"content":{"rendered":"<p>Summary:<\/p>\n<ul>\n<li>Waves Protocol founder, Sasha Ivanov, is of the opinion that the crypto industry would be better off without VC investment.<\/li>\n<li>He also pointed out that the Waves Protocol has zero VC investment.<\/li>\n<li>The stablecoin of Neutrino (USDN) is on a path towards reclaiming its peg to the $1 mark.<\/li>\n<\/ul>\n<p>The founder of the Waves (WAVES) protocol, Sasha Ivanov, has suggested via <a href=\"https:\/\/en.ethereumworldnews.com\/elon-musk-paused-the-43-billion-twitter-takeover-until-the-platform-confirms-the-number-of-spam-accounts\/\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> that the crypto industry would be much better off without venture capital investment. Mr. Ivanov&#8217;s statement on how the crypto industry would be more successful without external funding can be found below.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#crypto<\/a> would be much better off without VC investment.<\/p>\n<p>&mdash; Sasha Ivanov \ud83c\udf0a (1 \u279d 2) (@sasha35625) <a href=\"https:\/\/twitter.com\/sasha35625\/status\/1532684870606020611?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">June 3, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Waves (WAVES) Has Zero VC Investment<\/h2>\n<p>In response to Sasha Ivanov&#8217;s tweet, crypto-twitter community member @dmetaversian pointed out that crypto exists due to VC companies funding <a href=\"https:\/\/en.ethereumworldnews.com\/binance-integrates-web3-into-showbiz-partners-with-the-weeknd-for-his-after-hours-till-down-tour\/\" target=\"_blank\" rel=\"noopener\">Web<\/a>3 projects. Mr. Ivanov responded by pointing out that the Waves Protocol has zero VC funding. A screenshot of their conversation can be found below.<\/p>\n<figure id=\"attachment_572029\" aria-describedby=\"caption-attachment-572029\" style=\"width: 599px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/06\/Waves-zero-vc-investment-tweet.jpg\"><img class=\"wp-image-572029 size-full\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/06\/Waves-zero-vc-investment-tweet.jpg\" alt=\"\" width=\"599\" height=\"392\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/06\/Waves-zero-vc-investment-tweet.jpg 599w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/06\/Waves-zero-vc-investment-tweet-300x196.jpg 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/06\/Waves-zero-vc-investment-tweet-500x327.jpg 500w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/06\/Waves-zero-vc-investment-tweet-269x176.jpg 269w\" sizes=\"(max-width: 599px) 100vw, 599px\" title=\"\"><\/a><figcaption id=\"caption-attachment-572029\" class=\"wp-caption-text\">Sasha Ivanov highlights that the Waves Protocol has zero VC investment.<\/figcaption><\/figure>\n<h2>Neutrino (USDN) Inches Closer to Reclaiming its Peg<\/h2>\n<p>In <a href=\"https:\/\/twitter.com\/sasha35625\/status\/1532666584954716160\" target=\"_blank\" rel=\"nofollow noopener\">another tweet<\/a>, the founder of Waves pointed out that the WAVES-backed stablecoin of Neutrino (<a href=\"https:\/\/en.ethereumworldnews.com\/usdn-depegs\/\" target=\"_blank\" rel=\"noopener\">USDN<\/a>) was on a path towards reclaiming its peg at the $1 mark.<\/p>\n<p>According to Coinmarketcap, Neutrino (USDN) is trading at $0.9905 and looks set to provide noteworthy stability into the new month of June, as highlighted in the screenshot below.<\/p>\n<figure id=\"attachment_572030\" aria-describedby=\"caption-attachment-572030\" style=\"width: 772px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/06\/USDN-CMC-June-3rd.jpg\"><img class=\"wp-image-572030 size-full\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/06\/USDN-CMC-June-3rd.jpg\" alt=\"\" width=\"772\" height=\"484\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/06\/USDN-CMC-June-3rd.jpg 772w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/06\/USDN-CMC-June-3rd-300x188.jpg 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/06\/USDN-CMC-June-3rd-770x483.jpg 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/06\/USDN-CMC-June-3rd-500x313.jpg 500w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/06\/USDN-CMC-June-3rd-269x169.jpg 269w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/06\/USDN-CMC-June-3rd-746x468.jpg 746w\" sizes=\"(max-width: 772px) 100vw, 772px\" title=\"\"><\/a><figcaption id=\"caption-attachment-572030\" class=\"wp-caption-text\">Neutrino (USDN) is recovering from the depeg event in mid-May. Source, Coinmarketcap.com<\/figcaption><\/figure>\n<h2>WAVES Had Announced a DeFi Revival Plan to Fix USDN&#8217;s Depeg.<\/h2>\n<p>The stability and near-return to the $1 mark by Neutrino (USDN) could be the result of <a href=\"https:\/\/en.ethereumworldnews.com\/waves-announces-defi-revival-plan-to-fix-usdns-depeg-and-liquidity-crisis-at-vires-finance\/\" target=\"_blank\" rel=\"noopener\">the DeFi revival plan<\/a> announced by the team at Waves late last month.<\/p>\n<p>The plan is meant to make the Waves community whole and restore the full functioning of protocols in its ecosystem and includes the following four steps.<\/p>\n<ul>\n<li>Boosting the demand for USDN by buying and locking CRV tokens with 45% of the Waves staking profits from Neutrino, and voting to incentivize the USDN 3-pool.<\/li>\n<li>Sasha Ivanov absorbing $400 million worth of debt held by late borrowers and proceeding to liquidate the whale accounts&#8217; collateral. This will return liquidity to Vires Finance through the selling of USDN.<\/li>\n<li>Slowing selling USDN for up to two months to return Vires Finance to full working order.<\/li>\n<li>Working on the architecture of Neutrino by issuing a new recapitalization token to eventually replace NSBT.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Summary: Waves Protocol founder, Sasha Ivanov, is of the opinion that the crypto industry would be better off without VC investment. He also pointed out that the Waves Protocol has zero VC investment. The stablecoin of Neutrino (USDN) is on a path towards reclaiming its peg to the $1 mark. The founder of the Waves (WAVES) protocol, Sasha Ivanov, has suggested via Twitter that the crypto industry would be much better off without venture capital investment. Mr. Ivanov&#8217;s statement on [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":56576,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[825,947],"tags":[48,1889,108118,108398],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/572028"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=572028"}],"version-history":[{"count":1,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/572028\/revisions"}],"predecessor-version":[{"id":572032,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/572028\/revisions\/572032"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/56576"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=572028"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=572028"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=572028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}