When Dani and AC walked together, they were assembling DeFi's Lego Death Star

Time:2022-02-11 Source: 669 views DeFi Copy share


With the much-anticipated launch of SOLID, the latest project from Dani and Andre, the Dani token ecosystem is likely to grow significantly in the near term. Before we jump into the market to buy and sell the sought-after rebase Ponzi, let's go back and try to understand the current Dani/Andre ecosystem.

Dani has been in crypto for a while now, and has recently become more popular due to his positive personality and involvement in a large number of DeFi protocols. Dani's followers call themselves "Frog Nation" and they are some of the most loyal token holders I have ever seen.

Andre is mostly known for his creation of Yearn Finance, one of DeFi’s most well-known yield aggregators. He is also involved in the development of the Keep3r network, which appears to be still in development.

Abracadabra
Abracadabra is one of the more successful DeFi projects in 2021, with a cumulative TVL of $6 billion and the launch of the SPELL governance token. It was also a solid year for SPELL. The rise from well below 1 cent to nearly 5 cents provided investors with a sizable return (up around 3,400% from the lows).

Abracadabra provides DeFi users with one-stop service for lending, farming and staking. Abracadabra originally started with Ethereum, and it has recently developed cross-chain projects that are used in the Avalanche and Terra ecosystems.

Dani has been involved with the Abracadabra project from the very beginning, which is one of the projects he tweets most actively. Whether it’s about the token burn announcement or the propaganda of Abracadabra’s native stablecoin MIM (magic internet money). It looks like Dani prefers Abracadabra to Popsicle Finance.

Abracadabra's reputation has improved in part due to the entry of Tetranode, the internet giant that recently shared some alpha in the form of a note.

Yearn

See the content about Curve Wars? Dani never gets fooled, which is why Abracadabra has been all the rage lately. Even in the context of Crypto Twitter where stories come and go every week, Dani and Frog Nation haven't let Abracadabra disappear from the conversation. This is for sure.

With veSPELL and a reduced release plan, it's hard not to be bullish on Abracadabra's long-term prospects. We have already seen cross-chain compatibility on Abracadabra through the Degenbox strategy. There is nothing wrong with adding some incentives to entice users to Fantom, and it might also create some profit opportunities in the Fantom DeFi ecosystem.

Wonderland
Wonderland and its rebase token, TIME, are one of the most influential DeFi projects in 2021. As the first OHM fork on Avalanche, Wonderland once subverted the market value of OHM.

TIME's success can be attributed to TikTok, which many young investors seized on the project and its ridiculously high APY. Despite the bumpy road ahead and TIME currently far from its price highs, Wonderland has managed to maintain its PoL and popularity. Let's call it the "Dani effect".

While the vast majority of OHM forks offer little value and some die quickly, thanks to Avalanche's low cost and Dani's marketing of the project, Wonderland actually has the ability to attract new users into the circle cryptocurrency.

While the vast majority of OHM forks provide almost no value and some disappear instantly, Wonderland actually has the ability to attract new users to the cryptosphere thanks to Avalanche’s low fees and Dani’s marketing of the project.

While Wonderland has struggled a bit lately, it's true that no one has a hard time with checks, and Wonderland may end up being Dani's personal checkbook at some point. Do I support these claims? Not necessarily.

I just believe that if there is no other option, Dani can take a large sum of money and invest it where he wants to. If that happens to see the Wonderland treasury as a venture fund operating as a DAO, so be it. It would certainly be an interesting way to invest in the future of finance, and for Dani it would be in the best interest of Dani to have a stake in the protocols that could prove themselves successful in the future.

It's all just guesswork.

Olympus and Wonderland have experienced some price hits, and many are starting to wonder if this new protocol model is right to operate and return value to shareholders. Maybe we have to increase APY again to make people feel safe. I think there's been too much overreaction and people are forgetting about the possibilities created by 9-figure money. Anyway, be prepared for bigger volatility.

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