Wonderland — the first decentralized reserve currency protocol, available on the Avalanche network, based on the TIME token. Each TIME token is backed by a basket of assets (e.g. MIM tokens, TIME-AVAX LP, etc.). The site also brings economic and game-theoretic dynamics to the market through betting and minting.
Description of the Wonderland site
Wonderland's goal - to create a policy-driven currency system, embedded in the AVAX network. The developers believe that in the long term, this system can help to optimize stability and consistency so that TIME can function as a global unit of account and currency exchange.
There are two main strategies for market participants: staking and mining. Stakers stake their TIME tokens in exchange for more TIME tokens, while miners provide LP tokens or MIM tokens in exchange for discounted tokens after a fixed vesting period.
Other features:
| 1 | The main benefit for stakers - the increase in supply. The protocol mints new TIME tokens from the treasury, most of which are distributed among the participants. |
| 2 | Thus, the profit for the stakers will come from their balance with automatic compounding, although price risk remains an important factor. |
| 3 | That is, if the increase in the balance of tokens is ahead of a possible drop in price (due to inflation), the stakers will make a profit. |
The main advantage for miners - price constancy. Miners deposit capital up front and are promised a fixed income at a set point in time. This income is given in TIME tokens, and the miner's profit will depend on the TIME price. With this in mind, miners benefit from the rising or static price of the TIME token.
More about defi app on Avalanche
Betting allows you to passively earn TIME through automatic interest accrual. By betting TIME on Wonderland, you get MEMOries in return at a 1:1 ratio. After that, your MEMOries balance will automatically increase every epoch (8 hours), depending on the current APY.
There is an introductory document on the site. It contains the necessary information for work and answers to questions. From social networks, the community leads:
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