Wonderland Time (TIME) is a decentralized reserve currency protocol built on the Avalanche network. It is a fork of Olympus DAO, a similar protocol on the Ethereum network. Wonderland Time aims to provide a stable and consistent value for its native currency, TIME, by backing each token with a basket of assets in its treasury [1].Here is how Wonderland Time works:Reserve Currency System: Wonderland Time operates as a reserve currency system. Each TIME token is backed by a basket of assets, such as MIM (Magic Internet Money), TIME-AVAX LP tokens, and more. This backing gives TIME an intrinsic value that it cannot fall below [1].Staking: Users can stake their TIME tokens to earn rewards. By staking TIME, users contribute to the protocol's liquidity and stability. The annual percentage rate (APR) for staking can be seen on the platform. Users can stake their TIME by indicating the amount, confirming the transaction in their wallet, and their TIME will be staked. They will receive another cryptocurrency called MEMOries, which has a 1:1 ratio with TIME [1].Minting: Minting allows users to acquire TIME tokens from the protocol at a discount by trading liquidity (LP tokens) or other assets such as MIM. There are two types of minting: liquidity minting and reserve minting. Liquidity minting helps accumulate and lock liquidity within the protocol, while reserve minting allows the protocol to grow its treasury and increase the backing by TIME. Minted tokens vest linearly over a period of approximately 15 epochs [1].Redeeming: After a certain period of time, usually 5 days, users can redeem their minted TIME tokens. In the redeem section, users can withdraw the amount of TIME in exchange for the assets they used to mint it [1].It's important to note that while Wonderland Time offers high annual percentage yields (APYs) for staking, these rates take into account the effect of compounding. Users can only receive the full APY if they stake their TIME tokens and do not withdraw them for an entire year, allowing for auto-compounding to occur [2].