Repay all liquidations under backing price!

1. General Discussion
#472

yeah and they can keep doing that until there are no more MIMs or anything else except wmemo too. Then they could just start over with the high rebase apy since, you know, no more revenue generating assets anymore. But wait, that model doesn’t work…?

also, the part about redistributing it back to wmemo holders… Cant people just sell that? You can’t see where this is going?

also, with half the treasury gone, backing is cut in half. wont that, like, keep the price at 50% lower too after a small green? not much of a profit there.

its a sinking ship. a sail boat without sails and without wind.

#473

I think its going to be really hard to get this passed through.

Like others have mentioned, those affected with liquidations have also lost power in the voting rights.

My read on sentiment is more frogs aren’t sympathetic to our situation. With a total of 110 mims for wmemo. The majority of the voters will be those who don’t have ties to abracadabra.

If it goes to vote our fate on this issue will not be decided by ourselves.

Sifu’s own liquidation seems like a pretty good motivator to resolve this before it going to a vote.

1 Like
#474

So you were allowed to add Abra project risk on top of Wonderland project risk which aren’t even the same protocol in an already risky asset class of crypto you should already know that price volatility is super wild

Are you not just being super greedy? was an 80k APY not already enough? Couldn’t make money in crypto normally so needed to be leveraged to the tits?

You don’t get to go to a borrow money IRL, gamble it away and then go back crying and ask for a handout. You’d probably already have your bones broken by a loan shark

It was specifically mentioned that the buyback price was going to be a manual function, and that there was no bots doing this due to milking of the treasury should people take advantage of the liquidation cascade.

Why should the rest of us supplement you monetarily if you guys are just after the money to be paid back for taking the risk that the rest of us didn’t take, what logic is that?

You guys are trying to be like I gambled but I don’t want to lose money give it back please.

3 Likes
#475

paying back would sabotage the project.

2 Likes
#476

yeah but abra is also from dani. branded as critical part of the ecosystem. big conflict of interest.
also, sifu handled it very poorly. signaled it was safe for weeks and weeks. until it was not.
no acknowledgment of any of this, just “its all your fault, deal with it”.
the problem is not the money lost per se but the whole altitude and mentality that is transpiring here in the aftermath of the situation.
its the kind of situation where yes, you can say that technically nothing wrong was done, or at least not the kind of wrong that would be punishable or merit a reimbursement. kind of like bill clinton saying receiving oral sex is not sex. yeah, technically maybe, but you are just playing with words here to cover a f*up. its a slippery slope.
but we are the greedy ones right? not the people backtracking their words and hiding behind ambiguity to protect an investment that is supposed to be “free money”. yeah, this will be revolutionary, you’ll change the world alright.

#477

I got “scammed” by the abracadabra oracle. Posted an update with confirmation from the dev. The price the oracle takes is taken with a 10 minute delay. I hope Dani sees this and adresses this. This is NOT frog nation, this is suits eating small frogs

2 Likes
#478

yeah it was probably your fault, why be so greedy? everyone knows that money dont grow on trees.
could have just staked for free money.
filthy 9,9er, its your fault we crashed after you made the price go up.
leave us alone with our amazing frog journey.
just dont touch frog abra ever. cant trust that project. bad devs or something. completely different.

#479

SIFU has always said this would be manual and not automatic. Which is exactly what happened.

1 Like
#480

-Its manual and not automatic.
-is it safe?
-I said its MANUAL. And NOT AUTOMATIC.

Funny that if it had not happened this way, they would probably be bragging about how fast they moved to save the frogs from being liquidated.

3 Likes
#481

Sifu said: “look safe to me”

#482

Yep. But its our fault we believed him. I mean, he is not special in any way, right? Just a random frog with no key role in the project. Also, safe doesn’t mean 100% and looks can be deceiving. You just choose to believe that “looks safe to me” meant anything other than “anything could happen”. Its basically the same sentence. He also said the exact oposite latter when you were sleeping right before the crash, its your fault you didnt rush to the discord to read his every word. Its the project hq. Also he was sleeping.

#483

You sound so butt hurt its amazing. Go cry more to your mammy

#484

Prime example of frog nation here. Im a bully right?

#485

End of the day. Your complaining not gonna help your cause.

You took unnecessary risk. Take accountability.

2 Likes
#486

End of the day. Your self denial not gonna help your cause.

You’re twisting words to cover up theft/negligence. Congratulations, you could be the next treasurer.

#487

Guess we will see in the coming months.

I think you. Like most of will recover. Took me about 2-3 weeks.

I wish the best for you. I understand why your mad.

1 Like
#488

Id rather exit at a loss, thank you.
Wont miss a bit, even if time goes to 20k.
It wont, though.
Because its not about greed.
Funny how no one actually dennying anymore what im saying and is instead resorting to shaming, name calling and empty promisses. Also minimizing the issue.
Halmarks of a healthy community!
I mean, narcisim much?
It wont take months.

#489

Wish you the best pv.

2 Likes
#490

You project and the way you write looks like you are a narcissist. You said you were leaving for days. Why are you still here causing trouble? All the best with your future endeavors, you can leave now.

#491

What about people who deleveraged at 25% slippage 20% under backing with 300gwei gas? Even though I still have some of my investment I lost a third of my collateral. I’ll be holding this bag for months or forever to break even and invested 105k. It would be crazy to reward the actual degens and screw the people that still lost out in other ways in this fiasco.

1 Like