SEC Enforcement Against Wonderland Could Spell Trouble For DeFi


Prior to the disclosure, Patryn, then working under the pseudonym "Sifu," and Wonderland founder Daniele Sestagalli became famous for aggressively exploiting one of DeFi's hottest new tools: protocol controlled value, or PCV. . According to Wonderland documentation, PCV is a term for "the amount of funds owned and controlled by the treasury," and Wonderland's treasury currently manages over €700 million, up from a peak of over €1 billion. .