Based on community feedback from a previous deal, WIP #14 will also by applied:
While the proposed investment can be voted on by the TC, the above guidelines cannot be followed as expected due to the current lack of Risk Officer and vesting period included in the seed round.
A TMP is being used to assist treasury personnel with decision making by having the DAO review the proposal, assess the risks and make the final decision.
- Allow the TC to vote on an investment into the Interport seed round and accept the vesting terms.
- Define a maximum investment amount to be invested:
If passed, the DAO would be giving permission to invest in the seed round of Interport (ITP), up to the amount voted. This does not mean the full amount will be used.
Interport’s objectives of making cross-chain easy aligns with Wonderland’s vision of expanding DeFi by investing in projects that lay foundations for the future.
Taking part in this presale could have significant upside for Wonderland should the project prove to be successful while having limited downside due to the amount of capital allocated (slightly above 1% for 1.5mm).
It is believed that Interport has a lot of potential and a favorable risk/return at current valuation. This would also help Wonderland continue the diversification of its treasury.
- Authorize for 1.5mm USDT
- Authorize for 1mm USDT
- Authorize for 750k USDT
- Don’t authorize
ITP tokens purchased at the seed round will be vested over 2 years with a 6 months cliff. In other words, the first claim will be available after six months and would account for 25% of purchased tokens. The remaining vesting period is linear.
Interport is raising at a $30mm valuation.
Interport is a decentralized exchange that allows you to perform Interchain swaps (cross-chain swaps) at the best rate due to cross chain liquidity aggregation contracts that source over 250 dexes and liquidity sources looking for the best price.
Interport allows you to buy tokens on any supported chain without the need to bridge. Interchain swaps will be available on 6 networks including Ethereum, BSC, Polygon, Avalanche, Fantom, and Arbitrum.
While we would not be directly affected by Smart Contract risks, any new protocol has smart contract and exploit risks present. While Interport has not yet been audited, it does plan to be audited.
They should be added to the documentation page as they become available:
Given that this is a seed round and funds will be used to launch the project, there is always a risk that the project may not succeed. This would of course have an affect on the token price and therefore impact the profitability of the investment.
Just like any illiquid token, these would be excluded from the redemption value while they are locked. Additionally, given the nature of this deal, a minimum of 75% of the liquid tokens would be excluded from the redemption value.