Just bought wMEMO. Now what?

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#1

I wanted to get in on the crazy high APR of TIME but i couldn’t find a way to swap my AVAX to TIME so I opted to wMEMO instead (and also because wonderland says that the wMEMO is the future for them). Now I’m confused as to what I should do with the wMEMO I have. It seems that the APR for wMEMO staking is only about 30%.

Am I missing something? Is my wMEMO already staked for that 79k% APR? If not, how could I convert my wMEMO to TIME back and forth?

if these are newbie questions, I’m really sorry. Just need some answers into what I bought into.

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#2

First you have to understand the difference between APY and APR
MEMO inside wMEMO gets the 79k% APY which basically is a stock split, it doesn’t add any value to your wMEMO or memo, it just increases the amount of memo inside your wMEMO thus rebase = 0 value
You can read more about rebase here https://www.reddit.com/r/WonderlandOfficial/comments/u9o4rb/rebase_faq/

The 30% APR is for farming BSGG token with your wMEMO which you can find here Wonderland

Time/memo has no utility so holding wMEMO is your best option.

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#3

If my rebase money always stays the same, is the gain only from BSGG’s revenue sharing?

#4

Pretty much. Revenue sharing (whatever the tokens being distributed) is the only gains if price of wMEMO is stable.