Hey there, WAVES Platform users! Let's talk about the upcoming hard fork of WAVES that will happen at block 3720000 when feature 19 gets activated.

So, here's what feature 19 means for the block reward of 6 WAVES:

• 1/3 (equivalent to 2 WAVES) goes to the WAVES DAO Treasury.
• 1/3 (equivalent to 2 WAVES) is used for the XTN buyback.
• 1/3 (equivalent to 2 WAVES) remains with the node.

More info on feature 19 here

In exchange for the 2 WAVES sent to WAVES DAO, the node will receive the equivalent in WAVESDAO LP Tokens, which they can explicitly request and share with their stackers, WAVESDAO LP tokens can be sold straight away through Puzzle or or wx.network or can be held and then sold later them on WAVES DAO.

The 2 WAVES allocated for the buyback will be used to purchase XTN from the WAVES/XTN pool on wx.network. The acquired XTN will then be burned.

Two other features (20 and 21) are currently under voting. Let's see what they're about!

Feature 20 puts a cap on block reward sharding, meaning the block won't be split following the 1/3 fraction anymore. Instead, 2 fixed WAVES will be dedicated to the buyback, and 2 fixed WAVES will go into the WAVES DAO treasury, while the rest will be allocated to the node and its stackers. Additionally, it shortens the voting period for modifying the block reward (and thus WAVES inflation) from 100000 blocks to 50000 blocks. This is important as it allows nodes to decide on increasing the block reward to restore WAVES block reward allocated to nodes and stackers to 4 or even 6 WAVES.

On the other hand, feature 21 empowers miners to decide whether to cancel the XTN buyback (if it's deemed ineffective). In this case, the 2 WAVES designated for the buyback will be returned to the nodes and their stackers.

More info on features 20 and 21 here