WonderFi Technologies Inc (WONDF)

[Nosnibor]

November 1, 2021 – WonderFi Technologies Inc. (NEO: WNDR; OTC: WONDF, WKN: A3C166) (the “Company” or “WonderFi”) today announced it has received approval from its Board of Directors to purchase up to $10 million CAD in digital assets weighted across key assets that drive value in the decentralized finance (“DeFi”) sector, adding to its existing balance of long-term holdings.

Last week, WonderFi closed a bought deal financing of approximately $26 million CAD led by Canaccord Genuity Corp. The majority of proceeds from the financing have been allocated to execution of WonderFi's product development roadmap and distribution of its products to a global audience, with a portion being allocated to growth of the Company’s digital asset portfolio.

WonderFi’s crypto and DeFi asset allocation is driven by research and data insights from the sector, and the Company targets assets that provide long-term value. All assets are screened for technology risk, market risk and governance risk prior to acquisition and are monitored on an ongoing basis.

WonderFi’s purchases will be executed using a dollar cost averaging strategy in order to mitigate short-term price volatility in the assets. The Company intends to generate yield on certain digital assets held in its treasury through staking and other DeFi mechanisms, in circumstances where the Company deems it to be sufficiently secure to do so.