Daniele Sestagalli Resurfaces with WAGMI: A New Face for Popsicle Finance

Overview

Daniele Sestagalli, the notable figure behind the prominent DeFi 2.0 projects of 2021, has re-emerged with WAGMI, a revamped version of the previously known Popsicle Finance (ICE).

Historical Background

Daniele Sestagalli gained fame in the DeFi community during the mid to late 2021 DeFi 2.0 wave. He founded several notable projects, including:

• Wonderland (TIME): The Avalanche version of Olympus DAO (OHM).
• Abracadabra.money (MIM/SPELL): A next-generation lending platform.
• Popsicle Finance (ICE): A cross-chain market maker protocol.

These projects collectively were known as the "Frog Nation," which at one point even proposed acquiring SushiSwap. However, the reputation of Daniele Sestagalli and his projects took a hit following the 0xSifu scandal in early 2022 and the subsequent collapse of the Solidly project co-created with DeFi veteran Andre Cronje. Both figures faced significant backlash from the crypto community and stepped back from the public eye.

The Comeback

Despite a turbulent period, both Daniele Sestagalli and Andre Cronje have made returns to the DeFi scene. Sestagalli's latest venture is WAGMI, a rebranded initiative of Popsicle Finance (ICE).

What is WAGMI?

WAGMI, an acronym for "We Are Gonna Make It," is a new token launched to rejuvenate the Popsicle Finance project. On September 18, 2023, Sestagalli announced the launch of WAGMI, allowing users to swap their old ICE and NICE tokens for the new WAGMI tokens. This announcement triggered a 70% price increase in ICE within 24 hours.

Market Impact and Future Prospects

As of now, WAGMI boasts a market capitalization of $2 million, according to CoinDesk. However, detailed information about the project's functionalities remains scarce, aside from its multi-chain capabilities and a suite of DeFi tools and services.

Daniele Sestagalli's Confidence

Sestagalli has expressed strong confidence in the potential of WAGMI, stating:

“I’m pretty confident to say that the token economics and the $WAGMI project is my best project ever. Not going to lie but damn I’m happy about it whatever the market is made to grow and snowball.”

Conclusion

The reappearance of Daniele Sestagalli with WAGMI highlights his resilience and enduring influence in the DeFi space. While details about WAGMI's future developments are still emerging, the project's initial reception suggests a positive market response.