Users can borrow against an algorithmic stablecoin named magic internet money (MIM). Decentralized finance refers to a practice of using computer programs called "smart contracts" to carry out various financial activities like lending and borrowing instead of an intermediary like a bank.
Sifu's reappearance comes after a turbulent few years following the collapse of QuadrigaCX. Sifu transferred millions of dollars' worth of ether (ETH) to now-sanctioned coin mixing site Tornado Cash after his stint as treasurer of the Wonderland DAO, a crypto project that once held over $1 billion in its treasury.
Patryn received a barrage of backlash from Wonderland community members after his identity was revealed, with a public vote to oust him from his role as treasurer securing 87.56% votes.
Wonderland's TIME token was recently trading at $11.29, a far cry from last November when it surged to $9,700 before Patryn's involvement was revealed.
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...