Daniele's three-piece suits capture three key DeFi scenes.

On January 4, Rune Christensen, the creator of decentralized DAO stable application development, was frustrated and called the popular public broadcaster Terra (LUNA) a "Ponzi scam" for the stable funds that support UST and MIM. The remarks caused a stir in the crypto community.

Christensen's comments were based on the assumption that the market value of the UST and MIM stability coin projects threatened MakerDAO DAI's startup in a stable coin. Based on the stable performance of the Terra chain, UST is well known in the market. And will MIM become a threat to DAI in less than a year?

According to Coingecko data, UST currently has a market value of $ 10.3 billion, MIM has a market value of $ 4.5 billion, and DAI has a market value of $ 9 billion. The market value of UST exceeds that of DAI, and MIM is already investing half of the market value of DAI.

As the coin is formed on a fixed loan basis, MIM has yet to emerge compared to UST, but Christensen's comments made the market more favorable for this bond formed in May 2021. The designer is Daniele Sestagalli and he is well versed in various designs. It's the DeFi protocol and it has been the most discussed topic on Twitter, and most of it is DeFi related.

In 2021, Daniel has developed several DeFi applications, and his goal for “joining DeFi” is to communicate through action, as evidenced by his Twitter sign, “Occupy DeFi”. These apps include DeFi Popsicle Yield Manager (ICE), AbracadabraMoney Loan App (SPELL MIM), and Algorithmic Stability Wonderland (TIME).

According to statistics site DefiLlama, the total value of crypto assets (TVL) currently recorded by the Abracadabra Money app is $ 6.15 billion, which is one of the 15 DeFi apps included on the website, and the product of Wonderland. The Treasury is based on $ 850 million, and Popsicle manages nearly $ 200 million US. In its most frenetic time, assets under management by our app exceeded tens of billions of dollars.

Some call our project “Daniele Three-Piece Set,” which includes three key areas: DeFi, Lending, Financial Management and Fixed Benefits. In this issue of DeFi Cellular, Daniele signed up for the DeFi arena and gave you an idea of ​​how he's conquered cities around the world in DeFi.

LP Asset Return Manager Popsicle Finance

introduction

Popsicle Finance (ICE) is Daniele's first DeFi project. It was originally designed on the Fantom and BSC chains. It is an app for improving income generation and is commonly referred to as machine gun. Now shipped to multiple chains operating on multiple network blockchains such as ETHereum (ETH), Fantom (FTM), Binance Smart Chain (BSC), Polygon (MATIC), and Avalanche (AVAX). Ethereum Virtual Machine (EVM) will also be supported in the future.

Now, the integration of multiple channels has led to many uses of DeFi. In addition to heavy operation, the friction cost of chain handling costs is very high. Users quickly need the app to get the most out of the different channels.

A team led by Daniel fixed this issue and generated channel revenue to improve the Popsicle app. The app allows users to generate income for the channel at any time, increasing ROI and resource investment. It analyzes DEX pool water data across multiple chains to find the best performing products with the highest efficiency, then automatically distributes user LP data to make the pool best capture the most profitable users.

Cutting channels is not the ultimate goal of Popsicle, but to allow users to access the DeFi app on multiple channels through the platform. Even if the user is running on an Ethereum or BSC chain, the app is terminal and we hope the user will no longer think about the chain, but go straight to the script to apply based on income.

Popsicle official website

working mechanism

After receiving revenue from potential vendors, Popsicle automatically compares different AMM processors and DEX capabilities across multiple channels, choosing strategies to achieve the best results for users, and then splits LP users' money among the best. average income.

The model that recognizes vending is called Sorbetto, it is a revenue optimizer and users just need to deploy their crypto assets. Renovation of tanks and these activities to obtain a good return on investment and investment.

Sorbetto usually has two components: the "Sorbetto Fragola" V3 optimizer and several "Sorbetto Limone" string optimizers.

V3 Optimizer Sorbetto Fragola - Designed primarily for Uniswap V3 liquid servers, it solves the problem of users having to configure and select LP terms based on their input output. Users only need to deposit their LP funds into Fragola, and the tool optimizes the value of LPs based on historical asset exchange, setup, and repair. Return on LP investment, convenient location and savings for users. GAS Price At the same time, you can get the best rate of return.

Additionally, once the user has placed their LP device in Fragola, they will receive a PLP card that matches their address in the Popsicle app.

PopsicleV3 Gainer Optimization Recovery Tool

The Sorbetto Limone - Essential Multi-Channel Optimizer is one of the most profitable business partnerships available from industry suppliers. Users only need to place their crypto assets on the device, without having to perform DEX verification as usual. Limone counts and defines your strategy. Pooling business value and rewards for the benefit of the industry.

ICE is the regulator of the Popsicle app, with total assets of 67 million and is primarily used to vote on community approvals. Users can engage ICE in nICE because now Sorbeto Revenue Optimizer distributes part of its revenue to nICE holders.

In the near future, Popsicle will also announce Gelateria, a lending product that supports LP tokens or PLP tokens from vendors and lends other assets to earn other income. In this way, Popsicle optimizes the LP funds in the DEX liquidity pool, resulting in a DeFi application that integrates “asset income management” and “loans”.

The Abracadabra Mortgage app was born to deliver valuable products.

introduction

Abracadabra Money (SPELL) is a multi-business loan application designed for value-added products. It was originally developed by Ethereum and shipped on multiple chains operating on multiple chains including BSC, Arbitum, Avalanche, Fantom, etc.

Abracadabra Silver Site

One of the "most profitable" products, understandably, are the assets that can make money from the DeFi app, usually by shutting down the Heritage app. Assets due at closure, some call it the tokenization of "interest rate savings" as follows:

nICE - Occurs when a user locks out ICE through the Popsicle app, and nICE users can share the income through the Popsicle platform.

xSUSHI —— By users lock SUSHI for SushiSwap. Holders of XSUSHI may receive regular dividends at SushiSwap exchange rates.

YvVault Assets - General term for useful assets such as yvYFI, yvUSDC, yvUSDT, yvWETH, etc. Lock vouchers for YFI, USDC, USDT, WETH, and other mutual funds in the Machine Gun Pools app. If you own yvVault in V2, you can get it based on the V2 pool income.

Before Abracadabra Money (abracadabra) goes live, eligible members can vote or receive regular dividends from their regular income. However, since value added products do not support commercial or industrial use, these lock vouchers can only be left in the user's wallet and cannot be used properly.

The Abracadabra app aims to “unleash the income of these beneficiaries” and help valuable consumers improve their devices.

working mechanism

After depositing interest on the Abracadabra app, users can deposit a fixed amount of MIM (Magic Internet Money) using the benefits of the product. MIM is a stable currency linked to the value of the US dollar and, like stable currencies such as USDT, DAI, and USDDC, can be exchanged in certain DeFi applications.

The cost of MIM depends on two factors. One is the value of the interest-bearing asset and the other is the maximum share allocated to the asset.

For a simple example, Xiao Ming is proud to receive an yvYFI prize worth 10,000 USDT. He wants 1,000 USDT now, but he does not want to break the interest, believing that the value of YFI will increase further in the future. - Receive yvYFI Income Yearn. Meanwhile, it can engage yvYFI in Abracadabra app, issue 1000 MIM, then convert 1000 MIM to 1000 USDT with stable exchange rate according to curve. When refunding, you can refund 1000 MIM invoices and get back the original amount from yvYFI. If he does not return, the Abracadabra application will automatically deduct the equivalent value for yvYFI from his account.

By enabling MIM users to obtain loans by lending money to assets, Abracadabra extends the terms of use and also opens up income for the assets.

Abracadabra announced SPELL with a maximum of 210 billion app tokens, and users can get sSPELL by staking the tokens in Abracadabra. Full sSPELL users can vote online to determine what products are available, and they can vote to determine application rates and completion requirements. Of course, as with many rewards, the sSPELL host also allows you to earn revenue sharing in the Abracadabra app.

The treasure announced by Abracadabra will be TVL's base for Daniele's DeFi multi-project.

Stablecoin Wonderland Algorithmic Basket

introduction

Wonderland (TIME) is the first special aeronautical application of Avalanche (Avalanche Protocol), which aims to create a free floating TIME supported by a pack of crypto assets from an algorithm.

Wonderland is the true fork of another algorithmic firm, OlympusDAO (OHM), and the work is being led by Daniele and his anonymous team.

Official Wonderland Site

Due to the high volatility of BTC and ETH assets in the cryptocurrency market, USDT, the stable currency linked to the US dollar, has become an important part of the cryptocurrency market. Consumers have been used to trading stable currencies, but since the US dollar is regulated by the Federal Reserve, the depreciation of the US dollar means a sharp drop in the value of the stable dollar, which means buying cryptocurrency. fewer and fewer users. .

Wonderland intends to create an algorithmic stability TIME that is not tied to the dollar, making it an algorithmic deposit from other decentralized assets. No matter how the market goes, this stable algorithmic algorithm can hold purchasing power just like gold. Fluctuations in costs depend on the relationship between materials and requirements.

working mechanism

The Wonderland TIME value does not close any assets. Each session is supported by a basket of crypto assets in the Wonderland Vault, comprising a token and a pair of LP tokens.

Among these, single token assets include MIM and wAVAX (AVAX value assets of the native avalanche protocol token), while LP token pair products include TIME-MIM, TIME-AVAX, etc.

Wonderland rules state that all the time is taken care of by an unconnected MIM. Meanwhile, Wonderland Treasure needs to register MIM to support TIME and control the TIME rate for 1 MIM. If TIME's price is less than 1MIM, Wonderland will buy back and destroy TIME, reduce TIME's products, and return the market price to 1MIM. DELIVERY ON TIME, the price drops to 1 MIM.

TIME's prime price is 1 MIM, or around $ 1, and you can imagine that the second market price can fluctuate around $ 1 as well. In practice, however, Wonderland's algorithm indicates that the actual price of TIME is determined by the market. supply and demand and without the flow.1 The current price of TIME is $ 2,798.

Now there are two ways of TIME: using unique MIM tokens and using LP tools. This means that users can use their MIM or LP device to get TIME at a discount in the Wonderland app.

mint leaves

In addition, users can receive MEMO certificate rewards by closing TIME, which is mixed based on current results, and users can package MEMO into high-quality products such as wMEMO by DEX and use it for any purpose. commercial. gibberish.

There are two ways for users to benefit from Wonderland, one is to promise TIME to save more TIME through automatic mixing, and the other is to "wedge" or LP.tam tools (TIME-AVAX, TIME -MIMLP). MIM, wAVAX broadcast TIME at a reduced price to obtain different professional rates.

Wonderland numbers are not verified, the price of TIME changes, and users should be cautioned to carefully monitor the safety of their funds.