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Wicca Money

Wicca Money

Wicca enhance yields with stable coin using interest-bearing tokens as collateral.

OverviewStructured DataIssuesContributors

Contents

wicca.money
Is a
Cryptocurrency
Cryptocurrency

Cryptocurrency attributes

Consensus Mechanism
Non-fungible token (NFT)
Non-fungible token (NFT)
Maximum Supply
3,333

Other attributes

Medium URL
medium.com/@wicca.money

Have you ever heard of the magic spell Abracadabra? Wicca.money enhances it to be a more efficient and more accessible spell with the power of our moon. Having studied the famous abracadabra spell of the Ethereum chain, we applaud its beauty and success on billions $ TVL market fit.

What problems does Wicca.money solve upon the famous spell?

1. It expensive to be on Ethereum chain — make it cheaper

The gas fee on the Ethereum chain was high, is high, and will likely continue to be high. UST Degenbox strategy offered by Abracadabra can magically leverage yield from Anchor protocol, but users are forced to premium ETH gas fees plus the bridging fees between ETH and Terra. With higher costs, it will take longer to reach the break-even point.

2. Waiting time to withdraw user’s fund — make it more efficient

3. The suffering of retail investors — make it more accessible

4. Cross-chain risk — make it more secured

Timeline

No Timeline data yet.

Further Resources

Title
Author
Link
Type
Date

How to become a Wicca Wizard🧙? - Wicca Money - Medium

Wicca Money

https://medium.com/@wicca.money/how-to-become-a-wicca-wizard-8d40d46df0d7

Web

February 8, 2022

Terra Valley on Twitter

Terra Valley

https://twitter.com/terra_valley/status/1509085716982435843/photo/1

Web

March 30, 2022

References

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