On January 26th, the original merger proposal was submitted for the DAO’s consideration and talked about how the two protocols can work together.
Merging the protocols would allow the DAOs and core teams to focus on a singular path forward by combining all efforts on achieving the protocol’s objective.
Combining resources would make the protocol of giant of the industry. It would allow the potential synergy between both protocols to be streamline under one direction, simplifying the work required to benefit from working together.
The consolidation of the Frog Nation ecosystem could help the protocols become more efficient moving forwards. Daniele has mentioned his vision of corporate/legal structure for the protocol. Working under one roof would reduce the amount of work required in setting those up.
More details around the original merger proposal can be found in WIP 3 and the Medium article below.
During the latest AMAs Daniele has given some hints about what his vision looked like if we were to merge.
One token to rule them all
Daniele has mentioned that he believe the protocol’s would combine under Abracadabra’s SPELL. Using SPELL would allow wMEMO holders to have something similar to the current revenue share by using sSPELL (compound) or mSPELL (pays in MIM).
See official documentation for more details: Stake - Abracadabra
Daniele has mentioned that he would like to work with the biggest marketing agencies in the world to help rebrand the protocols. However, it is unclear if we would remain under “Abracadabra” or if the rebranding would include a complete name change.
What do you think rebranding should look like ?
To finalized a merger, there needs to be terms negotiated and put in place. How much SPELL per wMEMO, how much for the allocations from VC investments already funded by Wonderland, structure of the new protocol, etc.
Please share below ideas and suggestions about what terms you would consider fair.
- Yes, I would prefer if we did this.
- No, I prefer another option.
Link to original thread