No apology necessary, I thought you provided really great input. I have similar feelings about the Jade Devs.
I feel like they troll their users too often and there’s a lack of seriousness that I don’t much care for. I posted about this in their discord letting people know that they seem to be keen on performing psychological tests on their holders, and to be aware that future “stress testing” may be used to weed out the weak. Whether or not this “stress testing” is their strategy for community development or signs of them getting ready to possibly rug, I can’t deny that they are putting people in a strange predicament.
On the other hand, however, I really think their take on a DeFi VC fund could be a really great idea if they are actually serious like they claim.
To be honest, I brought this idea forward based on what’s been communicated by Daniele. While Wonderland is a fund, our investment focuses seems to be predominantly on building out the Abracadabra, Popsicle, Sushi ecosystem and Crypto Gaming.
Now I’m not criticizing this focus at all. I believe building out this DeFi ecosystem to be essential to the space. I, also, think Crypto Gaming is going to become the most successful model in the already most profitable segment of the entertainment industry.
Instead I brought this idea forward because of the broader scope of projects that a fund like Jade might invest in and the opportunity this gives to Wonderland. Wonderland’s team has shown in a short time that they have an incredible ability to manage things. I thought an investment in Jade to be a reasonable idea, because it gives Wonderland the ability to manage more projects without having to actively engage with them. For example, I can imagine how Wonderland might be able to leverage Jade’s position in potentially ground breaking projects in order to scale its other platforms (Abra,Pop,Sushi). Wonderland could do this without the need to divert any significant amount of attention away from it’s own priorities.
Personally this is what excited me and spurred me to make this post. The thing that I realize now though is that while this might be an incredible idea in theory, Jade’s current track record/reputation arouses more suspicion than it inspires. It’s a shame because as much as people want to say this is a stupid idea, if it weren’t for their rep I’m pretty confident that you all could admit that this idea does have potential.
Overall, you were all right to shoot down my idea though. It’s a gamble and only time will tell if Jade is complete bullshit or not. While it might okay for me to invest as an individual. The same doesn’t apply when proposing that an entire DAO takes this same risk.
Nevertheless, I am glad I made the suggestion in the end for nothing more than getting to engage with the rest of you. Thanks and happy new years! 