The Waves.tech ecosystem released the native WAVES token on the Ethereum blockchain. ForkLog was told by company representatives.<\/p>\n
WAVES holders will be able to use decentralized applications, exchanges, and DeFi protocols on the Ethereum blockchain, while Ethereum users will gain access to Waves’ functionality.<\/p>\n
WAVES pools will be available on Uniswap, 1inch and Curve exchanges.<\/p>\n
\n\u201cEthereum is the leading blockchain by the number of dApp users. Launching the WAVES token in ERC-20 format opens new possibilities for interaction between the two ecosystems,\u201d comments Waves founder Sasha Ivanov.<\/p>\n<\/blockquote>\n
You can use the Waves\u2013Ethereum bridge on the Waves.Exchange platform. To issue a single WAVES ERC-20 token, you must lock 1 WAVES on the Waves blockchain, the developers note. Reverse conversion of tokens is possible.<\/p>\n
Since 2021, the bridge has operated via the Gravity protocol, which connects various blockchains and acts as an oracle between systems.<\/p>\n
The Waves team also plans to enable staking of tokens directly from Ethereum wallets.<\/p>\n
Earlier in September Waves.Exchange launched<\/a> a stablecoin-based DeFo ecosystem with support for six coins built on the Neutrino protocol.<\/p>\n
In October Waves announced<\/a> the integration of the Solana blockchain into the Gravity protocol to advance DeFi.<\/p>\n
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