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Can someone from the core wonderland team list the potential downsides?
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Wonderland should be getting higher revenue share.
17 Likes
Another thought…
Does Wonderland need “Lido” to do staking as a validator? Ultimately, I think the answer is no.
This boils down to a simple question. Does Wonderland need the AVAX it provides as a validator to be liquid or does it just need to be illiquid but the REWARDS from staking be liquid?
This comes down to community confidence. If Wonderland becomes a validator, the whole point of being a validator is to lock up AVAX (intentionally illiquid) to stabilize network value as a protocol as an authority the respects the future of the blockchain.
Wonderland can vote to deploy AVAX as a validator and reap 100% of the rewards without additional risk AND when AVAX eventually support smart contracts as validators, migrate to that format.
I think that vote should come before this one.
“Should Wonderland deploy some of its AVAX to become a validator?” is the first proposal.
THEN ask “Should Wonderland use a derivative platform partnership to empower a different platform to validate on Wonderlands behalf, lose profit, BUT better accounting of the treasury”?
The more I think about it, the more I think there is a better way of doing this.
57 Likes
100% behind this. Id switch 4 year down to 1-2 year and switch the 75/25 to 85/15. That being said, if Sifu and Dani think the proposal is fair in its current form Id vote for it. I am not one of these fools that think they know better than these two.
22 Likes
Love the idea of liquid staking to expand these opportunities to more people. I also like the potential movement to other EVM like Fantom.
Revenue share needs a lot of work. Committing to that much share for 4 years and beyond is not smart at this point of new a dao. Money would be better spent creating a different incentive program to find other teams that can do the same work, but settle for lower revenue share.
5 Likes
The time frames are too long and amount to “team” is too high at 25% because you using wonderland funds to generate a huge income to do nothing which just seems like a cash grab. First of all you need clarification as to who the team is before anything. And secondly taking projects funds and just staking them shouldn’t give the team any pay out as they’re not actively doing anything
29 Likes
As others have mentioned, I think 4 years is too long. The 25/75 should also be discussed further.
17 Likes
I like the idea of the liquid staking
I do not like the revenue share model of 75/25 for 4 years.
I need more info on this team if we’re going to be paying them 30m a year
I suggest 95/5 revenue share with a 1 year contract
23 Likes
Also, I’d rather take more risk with a higher grant upfront, than to submit to higher revenue share, or any 
Especially since we are not sure how hard this task really is and how it is to be managed over 4 years. It seems to just be difficult mainly because of limitations of multiple chains within avalanche.
2 Likes
Like the idea, but not the monetary arrangement.
- Upfront payment: $6M MIM or $9M staked $TIME. Would prefer staked $TIME as it ties the success of Wonderland to the project. If we do well, the developing team does well and vice-versa.
- Revenue sharing: 25% for 4 years + 15% every year after sounds way too high. Again, I’d prefer to pay in $TIME or reduce the revenue share to 10% for 4 years and a one-shot payment based on accomplished KPIs.
(As an FYI - The average salary for a blockchain developer is $175K/year, unless we’re hiring a team of around 15 people to work solely for Wonderland during 4 years, the numbers don’t make sense to me).
Also, more information about the team and previous project is definitely needed.
40 Likes
This is an excellent opportunity for the DAO to fund a team and product in order to tap into the liquid staking market within a short time span (Q1 2022).
Entering the liquid staking market will be beneficial for the DAO, the terms listed are fair and remain competitive. The 10/90 split attracts users while the 75/25 split incentivizes both parties. On top of that tapping into an additional market such as Fantom will even further increase the potential revenue.
I believe with the right strategy, the DAO can push forward and maximize adoption to take an even bigger market share in the liquid staking market. With the Frog Nation’s presence across multiple chains, including Fantom, we will be able to synergize this liquid staking product with other projects within frognation, increasing adoption and therefore grabbing an even bigger market share which ultimately results in more fees for the DAO.
11 Likes
That’d be great for sentiment! I think we all agree with the project, it’s just the payment terms where some of us have questions marks.
Thank you, @0xWicked
4 Likes
I 100% agree.
75/25 profit sharing is way out there.
Also, we need to know more about this team. What are these existing financial products that they have, and also who are they? If we are gonna pay them 3 mil in MIM before any work has been done - “Half now half after” we need background checks.
12 Likes
For the background check, the wonderland team has had a long discussion with this team.
More details would help the community, which ultimately will vote on this proposal, form an opinion.
10 Likes
Backing this 100%. A different form of staking to add to the current 
I think, these are the key points from this proposal:
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They ask Wonderland for a $6M MIM grant ( half at agreement and half upon delivery), OR $9M (staked) TIME (vested linearly over 24 months) to develop a Liquid Staking Solution.
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They expect Wonderland’s gross revenue between $12.5M - $50M per year if the project is successful.
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They want a 25% revenue share for the first 4 years of operation (i.e. 75% of revenue to Wonderland, 25% to the team)
So basically, Wonderland invests $6M MIM and gets a revenue stream of minimum $12.5M per year, minus the revenue share for the first 4 years.
7 Likes
Shorter contract, Lower numbers and the large break clause of minimum 10M USD does not provide protection and is rather a large risk for Wonderland.
Don’t see the big value of this with the current proposed terms.
11 Likes
Exactly a 12.5$ revenue from a 6M upfront investment + revenue share is not a good idea or lucrative deal for anyone involved in Wonderland DAO.
7 Likes
I like the idea but the numbers don’t look fair to me.
85/15% in favor of Wonderland would be better and also a 1 year term instead of 4.
I want to know the opinion of Dani and Sifu regarding these terms.
We also need more info about the team and any meaningful projects that they might have.
Aside from that I’m for it.
23 Likes
Love it. Let’s do it
I agree with the proposal, in that liquid staking will be overall good for Wonderland by widening the available assets that people can use to invest in the DAO. Four years seems like a very long time especially in crypto-years. Perhaps, a 25% revenue share for the first 12 months where the DAO can vote on additional option years once the community can see the actual numbers that the DAO is taking in from this proposal.
6 Likes