The community behind blockchain protocol Waves has voted in favor of a proposal that aims to address the liquidity crisis of non-custodial lending protocol Vires.Finance. The Waves (WAVES) community h...
Tag: Vires.Finance
Vires.Finance to be “reset” following Waves revival plan proposal to solve liquidity crisis
In April 2022, many called Waves a “Ponzi scheme’ as the blockchain’s primer stablecoin; USDN lost its peg to $0.81. The algorithmic stablecoin lost its peg weeks before the now infamous depeg event o...
Waves community backs DeFi revival plan for Vires.Finance
The Waves (WAVES) community has supported a governance proposal to revive the decentralized finance (DeFi) lending protocol Vires.Finance after its liquidity crisis. The vote aims to stabilize the pro...
Waves Community Passes “Reset” Proposal for Vires.Finance
Key Takeaways The community behind Vires.Finance has voted in favor of a “DeFi Revival Plan” that will “reset” the lending protocol. The Waves-based lending protocol has suffered from a months-long li...
Lending Platform Vires.Finance Gets Go-Ahead to Implement Repayment Plan Amid Liquidity Crisis
“Amid the ongoing crypto winter, it is essential to remember and highlight the core values of decentralization, immutability, freedom from institutional greed, and inclusivity that underpin the blockc...