Stablecoins aim to provide an alternative to the high volatility of the most popular cryptocurrencies, including Bitcoin (BTC), which has made crypto investments less suitable for everyday transactions. These coins are the simplest to understand, as they maintain their price peg simply by holding a pool of reserve assets equal to their market cap. Stablecoins …
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Wonderland, an ultra-high yield DeFi project that boasted a time-to-Lamborghini calculator on its homepage, is down 99.9% from its peak in January 2022. Sestagalli eventually admitted that he concealed the involvement of Omar Dhanani, a.k.a. Michael Patry, a.k.a. 0xSifu in managing Wonderland’s treasury. Dhanani was a co-founder of QuadrigaCX, a failed Canadian crypto exchange. Returning …
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