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Sifu, the co-founder of QuadrigaCX, refurbished surface at DeFi

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Michael Patryn aka Sifuthe co-founder of the sadly famous crypto-bourse QuadrigaCXest de retour with a protocole de prêt baptisé UwU Lend.

Malgré sa mauvaise réputation, Michael Patryn (re)lance aujourd’hui un protocole of decentralized finance (DeFi) specializing in the crypto loans, signale TheDefiant.

L’entrepreneur, qui se fait appeler ” Sifu “on Twitter, co-founded the Canadian exchange QuadrigaCX, whose users’ funds were lost following the recent death of his associate Gerald Cotten. Although he has not been questioned in the context of the affair QuadrigaCXPatryn was sentenced to 18 months in prison in 2000 for a history of bank card fraud. He has also been implicated in a case of computer fraud and money laundering.

Last week, “Sifu”… ainsi a refait surface with UwU Lendun fork d’Aave dont la TVL dépasse déjà plus de 50 million dollarsaccording to Defilamma. The protocole works in concert with the native token. UWU and the stablecoin Magic Internet Money (MIM).

D’après le développeur controversé, UwU Lend diffère We have modified the structure of the tokenomics and the rewards, added long-travel collateral and will soon put in place cash-forwards as collateral,” he said.

In January last, we learned that Patryn was behind the Wonderland project, provoking a wave of criticism on the networks. The community had then taken the decision to discontinue it.

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