Wonderland
An OlympusDAO fork advertising extreme APYs. In January 2022 its anonymous treasury manager, 0xSifu, was identified in reporting as a co-founder of the collapsed QuadrigaCX exchange. Trust evaporated and the TIME token fell sharply.
After the fall: The protocol and token kept existing in reduced form after the scandal.
- 1-3mo
- 2-3mo
- 3-2mo
- XDeath
Spacing is ordinal, not to scale. Numbers match the list below.
- 1
The treasury was run by an anonymous figure with no track record.
Visible 3 months before death | Anonymous team
- 2
It advertised an APY in the tens of thousands of percent.
Visible 3 months before death | Yield with no source
- 3
Treasury value leaned heavily on the project's own token.
Visible 2 months before death | Backed by its own token
An anonymous treasury manager is a rug wearing a title.
Editorial summary of public reporting. Allegations are labeled as allegations. Not financial or legal advice.
Don't read the next obituary from inside it.
The lab reads live markets so you see the signs in real time, not in the rearview.
Subscribe - $20/mo