Tl;dr, Sesta rebranded Popsicle Finance into a project called WAGMI. It will launch on Kava if the proposal passes and will include new contracts with advanced liquidity managment features. From their document's page:
- Sorbetto Fragola is a cutting-edge solution designed specifically for Uniswap v3 that enables active liquidity management. By optimizing the price range based on historical volatility, Sorbetto Fragola ensures that users' funds are always in the most traded utilization zone, maximizing trading fee returns and profitability. While this strategy is optimized for trading fee yield, it's important for users to consider Impermanent Loss (IL) as well.
- Our next step was to integrate upgraded versions of Popsicle into Wagmi. Popsicle’s Fragola contracts have been enhanced to better suit our needs. The integration process was complex but we had to ensure that the new versions of Fragola seamlessly fit into the Wagmi ecosystem, enhancing its functionality and expanding its capabilities.
https://docs.popsicle.finance/v/wagmi-1/what-we-do
The idea is that the contracts are optimized for yield farming and will reduce impermanent losses. The platform will also offer strategies that claim there are no losses. Any losses are paid back in wagmi tokens.
https://docs.popsicle.finance/v/wagmi-1/strategies
https://docs.popsicle.finance/v/wagmi-1/gmi
But that's for another topic.
This is the first new approach to liquidity management we've seen in a while. Is this what Defi needs to get back on track?
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some tweets you might find interesting.
Team testing the contracts for voting power ( we need $ICE $NICE and $WAGMI to vote ) than proposal goes live. TLTR we launching on $KAVA and initial liquidity $WAGMI/ $KAVA in collaboration with @KAVA_CHAIN . This initial liquidity is all given away in treasury worth more than…
— Daniele (@danielesesta) September 22, 2023
DeFi pros & cons with related info are in the collapsed comments below.