TechFlow News — On May 27, the public blockchain Waves launched the Waves DeFi Revival Plan, aiming to protect all Waves protocol users from losses and restore full functionality of DeFi protocols within its ecosystem.
The plan includes purchasing and locking CRV tokens, allocating 45% of WAVES staked to the algorithmic stablecoin protocol Neutrino (NSBT) for funding, and voting to incentivize the USDN three-pool to boost demand for USDN. It also involves liquidating large accounts to control their collateral, selling collateral without violating USDN's terms to return liquidity to Vires Finance and reduce utilization rates—enabling larger user withdrawals. Additionally, the Neutrino architecture will be improved via a new restructured token, allowing recapitalization of Neutrino with new Waves tokens when under-collateralized.
According to DefiLlama data, the total value locked (TVL) in the Waves ecosystem has reached $1.11 billion, marking a 20.9% increase over 24 hours. Meanwhile, WAVES price surged past $10 today, up 108% in the past 24 hours.
