The Waves protocol powers a vast and versatile Waves crypto ecosystem facilitating a breadth of services offering a gateway to Web3 development. The Waves platform offers several decentralized finance (DeFi) products enabling the adoption of blockchain from individual developers to full-scale enterprise-level services. Also, the Waves blockchain offers application development with its own native programming language Ride, in addition to the novel Leased Proof-of-Stake consensus algorithm. Also, the Waves technology features Gravity, an “interchain DeFi” solution offering oracle services. Secured by the native WAVES token, the Waves blockchain operates its own decentralized exchange (DEX), Waves Exchange.