1 . What lies and promises did he not full fill on?
2. We should just took tail with a 90% loss and say …“welp”…are you serious?
3. Tell me now how many projects has dani got under him…lets see…Sushi/Wonderland/Popsicle/Mim/Abra…how many millions pump from all these projects again?
When you get knocked down…you get back up…Not go jump back into the well like a scared frog because you got scared of the outside world.
You’re down 90% on your entry/exit price. The value of what you hold has not dropped 90%, just what it costs to buy/sell it.
To be at cost for you, price going up 10x is needed, minus any revenue sharing that happens. That’s not an outrageous expectation, especially if you manage the time to get there. It won’t happen next month. In a year that seems fairly reasonable.
And if you like the turnaround, you probably won’t want to sell your shares anyways. If you’re worried there’s no hope to recover in the next year or two, might as well sell now.
I don’t think it’s enough personally, you need to go further with this.
Think of it this way, we get a team, a doxxed, highly organised, professional and well managed, we unleash Wonderland right face into the face of Crypto and DeFI, great! We now have huge interest and yet, a social media outlet of Dani’s personal Twitter, a Frog YT channel, sub-reddits opened by anyone with an interest, a Discord where the mods do whatever they like and it’s still chaotic, no official guides and everyone clamouring here there and everywhere to get into the project.
I would suggest making a new Official Wonderland Twitter, an Official Wonderland YouTube account, a new Discord where the mods are sensible, an Official Reddit page where someone or some from the management team can participate and answer questions that haven’t made it to Twitter.
If we get this right, we are onto a winner.
The project is not dead in the water. We hit a toad block and must cross it to move forward to our destination. There is sufficient funds to create wealth for generations to come if the treasury in managed properly. I’m optimistic and not blinded with illusions. TIME is a diamond in the rough that needs polishing and this takes skilled hands to complete. With the right crew at the helm this ship will travel around the world thru storms and sunny days as well. Doxxing all key members is the way of the future to gain trust back from the community and attract new investors while preserving the current treasury and deploying it smartly to make ROI attractive while increasing the treasury. There are no other DAOs that have achieved the success of wonderland. Yes SiFU past createf a shit show but it’s not a show stopper.
I agree with all being said. Specially removing all funds access from Sifu, but I also believe it’s going to be hard to find a replacement with the mind Sifu has so I would propose to possibly have him as a contractor role advising and totally removing him from the picture. We can use his skill sets which are hard to find to grow the treasury without granting him access to the funds. It takes a special person to grow 250M war chest to over 1B and he was that person. So keeping him as an advisor and not as a team member would be beneficial to the project
Only way to do that would be to pull liquidity from Sushiswap. Which, as radical as it may sound- we are a protocol owned liquidity, we can do shit like that while we get our house in order. Let people leave that want to leave, but at least allow the treasury to continue generating revenue in the interim. The buybacks on exchanges was and still is a horrible idea. Its gives incentive for people to drive down the price- pulling liquidity locks people in, and forces them to participate in the DAO so we can actually get increased participation in here and move things forward through RFC. I appreciate @0xWicked trying to moderate and make some posts overall, but we don’t have a dedicated community manager to actually push these RFC’s through to any meaningful resolution. If we did, we would have already moved this proposal forward ([RFC] Marketing strategies, Branding, Social Media - #103 by Mrstill), or at least clarified it so maybe, just MAYBE we would have had a PR team in place to keep this whole thing from falling apart like it did. I’m a Dani supporter, I see the WAGMI DeFi vision in that regard. But damnit if he wasn’t like Donald Trump the last 4 weeks on Twitter. He couldn’t keep his foot out of his mouth, and because of it the whole ecosystem has taken a massive blow. Wonderland 2.0 can rise from the ashes, with this proposal or some variation of it.
But most of the warchest came from minting. He didn’t necessarily grow it 4x himself as much as people kept giving the protocol money. I don’t disagree that his skillset is hard to come by, and I think the approach has merit…but only after a full audit on the treasury and his constant trading from his own wallet. I saw him pulling CRV farming rewards and then skimming parts of it off into other wallets. A large accusation I know, but I never saw those funds come BACK to the WL wallet. At this point, big brained or not, its a flat out image issue for the protocol to even be associated with him.
You have obviously dealt with this sort of thing and understand it is a challenge but highly possible
Take a look at the treasury holdings its not entirely made up of Memo or wMemo it is holdings in investments, stable coins, liquidity pools etc
Is the marketing team and community manager going to also be paid millions of dollars to try and convince frogs to give their money to the whales in wonderland? or will they be used to convince the whales to set aside the rebases for locked staker’s and to also vote for a sales tax to paid out to locked staker’s in form of stable coins as in real profit share?
It is not one person one vote, Five or six whales have all the power. They have been bleeding this out for months why would they stop? Locked staking for rebase/sales tax profit sharing have been on these forums and shot down over and over while the Whales ate frogs. What’s the marketing strategy for that.
(1.7Memo) - I’m in the green my memo was free, I like Dani too and I will hold for years as long as the rebase exists.
A proper management team will know how to address these issue in a way that makes this project profitable and not run it trying to please everyone. If the project is run properly and profitable people will be happy and new investment will come.
It’s an ok proposal but I think it’s overkill. We don’t need all of that overhead in my opinion. We will need to submit a different proposal with a similar intent but cut the dead weight. We don’t need C - level people in some of these cases. We need advisors and mid/senior level people who know how to crank out work. This shouldn’t be either dissolve or hire a bunch execs who will then need to hire a team for them to boss around.
can someone explain to me why the treasury amount is greater than the funds amount…and also greater than wonderlands bundle address accounts and also why the funds account has gone down by about 200 million in the last couple of days. Cheers
Many factors and to be honest I dont have all the answers. I know buy backs price change of treasury holdings and such all affect it. I do know with what I am proposing with a professional team running it there would be better communication and transparency to these types of things
I vote for dissolving this project, eating our loss, and moving on.
What was the famous quote that everyone was using a few weeks ago? “We invest in people, not projects”
Clearly, neither Sifu (who I said many many times in the past should disclose his identity) nor Daniele is a good leader. Daniele has not once owned his mistakes and taken responsibility. I still see a lot of excuse tweets. That’s not someone I want to further entrust my money with. I’d rather lose it.
And besides that, there are way too many people calling themselves proud degens. Just kids who don’t know anything. These votes are meaningless when the majority just do what others say. It’s a stupid echo chamber.
I’ve been saying it and said it in the past. Education is key. Enforce the Wonderland doc on everyone and enforce an entry exam testing people’s knowledge before they are allowed into the Discord server.
Sounds extreme? Well… nobody in human history ever succeeded with being average and not doing the extreme.
And if anything, new mods are needed. Unbias new mods who ALL disclose their real identity! No more 24 hour time out because people are speaking out.
FULL TRANSPARENCY THROUGHOUT THE ENTIRETY OF THIS PROJECT OR JUST SHUT IT DOWN!
I see your frustrated and rightfully so. However take the emotion out and read the proposal. Having a proper team who are doxed with back ground checks would give confidence back. In addition a proper marketing and PR team would improve communication keeping us informed of all that is going on and ensure the proper roll out of airdrops and news etc
I do not believe in paying out ppl from the snapshot. This rewards fear selling. Basically the same as sifu offering to make whole the liquidated. It rewards impulsive trading and .riskier moves rather than buy and hold.
I dont either. I believe that a proper team running this would get the price moving in the right direction. People can decide at what point they want to sell or even change their mind when they get their confidence back
Once again a closed question vote so not a true reflection on community consensus. Come on people. If you wish your proposal to be legitimately recognized, don’t create closed questioning votes.
Its a simple vote based off Danis post of moving forward with a proper management team or dissolve. Clearly more want to move forward with a proper team.