As Wonderland is effectively a closed end fund the fundamental value of wMEMO trading at a discount/premium to backed value is a factor of how much of a return the treasury generated on it’s assets and weather that return exceeds Wonderland’s cost of capital.
Currently there does not seem a simple source for determining the historical return on capital for Wonderland. This lack of visibility into the treasury is surely contributing to the current discount.
Is there a simple dashboard or report that shows treasury return on capital?