Add your VST3 folder path as an exception in your antivirus software to prevent the shell from being falsely flagged as malware.

The naming pattern: WaveShell1-VST3 10.0-x64.vst3

VST3 plugins only consume processing power when audio is actually passing through them.

N/A (Utility Component) Recommendation: Keep it installed if you own Waves v10 plugins. Do not delete it to "save space," as it acts as the key to your entire Waves library.