Kyyz

[Sasha.waves @sasha35625]

Power Protocol 2024.

The Power Protocol @PWRDAO , launched over a year ago, has played a pivotal role in decentralizing the Waves ecosystem where it was initially introduced. However, the protocol is blockchain agnostic, offering a means to decentralize economic incentives and provide the transparency essential for any effective governance setup. The principles of KPI-based, transparent, self-improving governance extend beyond any specific blockchain ecosystem or even the blockchain space itself—they could be relevant to any collective decision-making process, within or outside the blockchain ecosystem.

The next phase for the Power Protocol involves expanding beyond the Waves ecosystem and engaging more participants, which is vital for its continued development and expansion. To understand why expanding the protocol is critical for its growth, let's revisit the fundamental concept behind it. The DAO ecosystem built on the Power Protocol features a two-tier structure, with the primary (Mother) DAO acting as a last resort for the Child DAOs. In instances of governance deadlocks within Child DAOs, they can defer to the Mother DAO for resolution. For this model to function effectively, the Mother DAO must encompass a sufficient number of participants and governance power. In the Power Protocol, governance power is tokenized with the $pwr token; participants of the Mother DAO receive rewards in this token for active governance participation. The Mother DAO becomes the ultimate authority for Child DAOs, with its extensive community poised to assist and advance governance in Child DAOs.

Therefore, a crucial step for the Power Protocol ecosystem is the onboarding of new participants to the Mother DAO, aiming for approximately 100,000 active members. To achieve this, direct onboarding to the Mother DAO will be facilitated, with the $pwr token made available for purchase through fiat transactions, a referral program for Power Protocol ambassadors, and a price support mechanism for $pwr. A portion of the tokens distributed to new Mother DAO members will be repurchased on the open market, boosting the $pwr price, which is vital for the protocol's credibility. Additionally, Mother DAO's treasury funds will be leveraged to enhance the $pwr token's value, signaling to new participants the benefits of joining.

New mechanisms are also essential for Child DAOs, particularly the integration of existing economic incentives in Child DAOs with the $pwr incentives in the protocol. The treasury swap process, where $pwr tokens are issued by the Mother DAO in exchange for Child DAO tokens, will be streamlined and standardized. Moreover, a SaaS-like solution will be provided for launching your own DAO, with a DAO constructor becoming a key aspect of Power Protocol's expansion, significantly enhancing $pwr tokenomics as the primary protocol token will be required for Child DAO launches.

A notable new Child DAO to be launched on the protocol is Units DAO, based on a new ecosystem of EVM-compatible chains built atop the Waves protocol. Its DAO will utilize the token from the ecosystem's first chain, UNIT0. Participants will manage 10% of all UNIT0 supply and receive $pwr tokens for participation, helping to distinguish effective decision-makers within the DAO. A treasury swap between Units DAO and the Mother DAO will facilitate $pwr issuance for Units and provide the Mother DAO treasury with a significant stake in UNIT0 tokens.

Having been tested within the Waves ecosystem, the Power Protocol is now poised for broader adoption. This expansion will necessitate the development of more user-friendly interfaces, extensive tutorials, and an expanded core support and development team. From enlarging the Mother DAO to launching a Child DAO constructor, all roadmap milestones are designed to establish Power as a large, self-sustaining ecosystem for years to come.

[Sasha.waves @sasha35625]

Unique feature of upcoming #waves L2 EVM ecosystem is it increases the value of Waves L1, since $waves will be needed to support all the L2's, and the current miners and Waves token stakers will be getting more profits.

[Sypheon Online @SypheonOnline]

Do these Easy tasks And Win Item codes for #SypheonOnline

https://t.co/4pE7pUZyvJ

İf you are allready in channel than say "Welcome" to new comunity members.

Be active in chats. #Airdrop will continue random with suprises.

#bitcoin #GameFi #Free2Play #play2earn

[Kyyz @Kyyz2]

@SypheonOnline 👍

[CryptoDep @Crypto_Dep]

⚡️Coin of the day by social activity - @Wavesprotocol $WAVES
23 May 2023

#Waves $WAVES is a community-based stack of decentralized open-source technologies to build scalable, user-friendly apps.

[Sasha.waves @sasha35625]

Upbit has finally removed the warning for $waves. The reason has prevailed. Thank you !

[Sasha.waves @sasha35625]

Time for project on #Waves to start applying for the #wavesdao funds. around $1 million to distribute now.

[Ferruh DANACI @AztecGoldHero]

Birkaç ay önce discord girişi için etkinlik yapmıştık.

Bu ayki yenilemede fark ettim ki etkinlik ile gelen arkadaşların hemen hepsi devam ediyor. Memnunlar demek ki.

Bir etkinlik daha yapalım mı. ?

#Bitcoin #Binance
https://t.co/x5uBzzEtTP

[Sasha.waves @sasha35625]

L2 EVM on #Waves is coming. Embedded chains!

[DoraHacks @DoraHacks]

3 days left for hackers to start building on #waves blockchain and get a prize🫶

@wavesprotocol Global Hackathon🟰$100K in prizes➕best mentorship during building➕platforms to help promote your project!

Waiting for your submission👇 https://t.co/2wjAKo8NlZ

[Sasha.waves @sasha35625]

https://t.co/9Hq0kYklbZ Waves 2.0 Bits and Pieces: PoS finality

[Sasha.waves @sasha35625]

Will have an important message to the community tomorrow

[Sasha.waves @sasha35625]

EVM L2 on #WAVES won't be like others.

Actually it won't even be L2.

It will be something better.

Roadmap this week.

[Ferruh DANACI @AztecGoldHero]

Dont even try this #binance #coinbase #Bitcoin

[Sasha.waves @sasha35625]

Finally things will start falling into place for #waves ecosystem next week-
- New bridges coming to Waves
- $power airdrop
- Waves DAO right after
- L2 prelaunch roadmap
LFG I guess.

[Sasha.waves @sasha35625]

$waves (and all the tokens that have $waves locked) snapshot for $power airdrop will happen next Friday, the 10th.

[Sasha.waves @sasha35625]

Winter is over

[Sasha.waves @sasha35625]

Never, in the history of humanity, have we experienced such a clear conflict between Good and Evil.

It is the Past against the Future, bad governance against good governance, "Tradition" against Progress.

If we are able to cope with it our future is bright.

#OneYearofWar

[Sasha.waves @sasha35625]

Besides being responsible for the above mentioned issues I will focus my efforts on Waves 2.0 launch, a much faster network with EVM support, and the new #Powerdao governance protocol.

The future of Waves is bright and decentralized, Ride on $waves and $power to the people!

[Sasha.waves @sasha35625]

XTN (former $USDN) will be maintained and developed. Teams and myself will donate ecosystem tokens to increase the treasury value and prop up the market value of $XTN, which will eventually allow to increase vesting limits on Vires. This process will start next week.