{"id":29388,"date":"2020-09-29T21:00:20","date_gmt":"2020-09-29T18:00:20","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=29388"},"modified":"2025-08-27T16:40:34","modified_gmt":"2025-08-27T13:40:34","slug":"waves-exchange-launches-decentralised-forex-built-on-stablecoins","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/waves-exchange-launches-decentralised-forex-built-on-stablecoins\/","title":{"rendered":"Waves.Exchange launches &#8216;decentralised Forex&#8217; built on stablecoins"},"content":{"rendered":"<p><span style=\\\"font-weight: 400;\\\">The Waves.Exchange cryptocurrency exchange has launched the stablecoin-based DeFo ecosystem. It combines elements of the classical Forex market, staking, and decentralized trading protocols, such as Uniswap, according to ForkLog representatives of the platform.<\/span><!--more--><\/p>\n<p>\\n<\/p>\n<p><span style=\\\"font-weight: 400;\\\">From September 29, Waves.Exchange will begin supporting six new Neutrino-based coins: EURN, JPYN, CNYN, RUBN, UAHN, and NGNN. They will be available for staking, swapping, trading, and will be backed by the USDN stablecoin.<\/span><\/p>\n<p>\\n<\/p>\n<p><span style=\\\"font-weight: 400;\\\">All the new assets won a recent community vote conducted on a decentralised basis using NSBT tokens.<\/span><\/p>\n<p>\\n<\/p>\n<p><span style=\\\"font-weight: 400;\\\">With DeFo, Waves.Exchange users will be able to make purchases and sales of stablecoins in any quantity and with any currency pairs. The size of each trade is limited by liquidity established by the contract, the platform&#8217;s representatives noted.<\/span><\/p>\n<p>\\n<\/p>\n<p><span style=\\\"font-weight: 400;\\\">The network of secure oracles will deliver real-time information on current fiat currency exchange rates on the Forex market.<\/span><\/p>\n<p>\\n<\/p>\n<blockquote>\n<p><span style=\\\"font-weight: 400;\\\">\\&#8221;For example, the EURN\/CNYN pair will always trade in the DeFo system as the currencies backing them do on the fiat market,\\&#8221; explained Waves.Exchange.<\/span><\/p>\n<\/blockquote>\n<p>\\n<\/p>\n<p><span style=\\\"font-weight: 400;\\\">Users will be able to create liquidity pools themselves or join existing ones, to earn a share of the fees. The fee for each trade will be 0.2%, and liquidity providers could earn 10-20% annually depending on the pool&#8217;s volume.<\/span><\/p>\n<p>\\n<\/p>\n<p><span style=\\\"font-weight: 400;\\\">Staking will be available for all assets, allowing earnings of up to 15% in the currency to which the stablecoin is pegged, according to Waves.Exchange representatives.<\/span><\/p>\n<p>\\n<\/p>\n<p><span style=\\\"font-weight: 400;\\\">Users will be able to transfer a deposit into staking in a matter of seconds and withdraw funds at any time without penalties or loss of accrued value.<\/span><\/p>\n<p>\\n<\/p>\n<p><span style=\\\"font-weight: 400;\\\">During stablecoin trading on Waves.Exchange, instead of a 0.2% fee, a standard fixed fee of 0.003 WAVES (about $0.01) will be applied.<\/span><\/p>\n<p>\\n<\/p>\n<p><span style=\\\"font-weight: 400;\\\">Liquidity will be limited by the amount of funds available on the market.<\/span><\/p>\n<p>\\n<\/p>\n<p><span style=\\\"font-weight: 400;\\\">Earlier, Waves.Exchange launched a decentralized staking feature with no asset lock-up in an account.<\/span><\/p>\n<p>\\n<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\\\"https:\/\/t.me\/forklogfeed\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Waves.Exchange has launched the stablecoin-based DeFo ecosystem, combining elements of the traditional Forex market, staking, and decentralized trading protocols such as Uniswap, according to ForkLog representatives of the platform.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[807,290],"class_list":["post-29388","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-stablecoins","tag-waves"],"aioseo_notices":[],"amp_enabled":true,"views":"9","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/29388","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=29388"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/29388\/revisions"}],"predecessor-version":[{"id":29389,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/29388\/revisions\/29389"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=29388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=29388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=29388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}