Will Algorithmic Stablecoins Ever Work? With Sasha Ivanov of Waves

Join Alex Tapscott and Andrew Young as they decode the world of DeFi and Web3 with special guest Sasha Ivanov, Waves Ecosystem Founder. Today’s topic: algorithmic stablecoins. Will they ever work? Waves is a global open-source platform for decentralized applications launched in 2016, based on proof-of-stake consensus and a community-driven technology stack. Ivanov has announced plans to launch a new stablecoin after their current USDN algorithmic stablecoin in the Waves ecosystem depegged, angering many in the Waves ecosystem. Tune in to the 80th DeFi Decoded episode to hear Alex, Andrew, and Sasha discuss all things stablecoins and learn more about Waves.

TIMESTAMPS
0:00 Introduction
0:53 Origin of Waves
3:08 Stablecoin Market Year in Review
9:36 Solution for Stablecoins
12:11 XTN Token and Functionality (Previously WIXT Token)
17:03 Waves Update on Halted Withdrawals
19:27 Comparing Decentralized vs. Centralized Pegged Assets
24:37 Waves Tri-Token Setup
27:55 Alameda Research Theory
31:33 Conclusion

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Part of Ninepoint Digital Partner’s DeFi Decoded Podcast Series. Available at Google, Apple, and Spotify Podcasts.