[WIP #3] - A United Front: Abracadabra + Wonderland Merge

3. [WIP] Wonderland Improvement Proposal
#150

This is a hard no for me. Anyone voting this threw is a moron.

1 Like
#151

Agreed, Just do it! Buyback are not sustainable. we need a rebranding and also a change of the tokenomics

2 Likes
#152

Awesome! This also benefits buybacks. People need to stop Putting the Emotions Into the thinking. This is good for both! We were attacked. This proposal is making buybacks better and thus stops the attacks. Attackers would only loose Money because the treasury would buyback faster.

#153

Biggest Clown ive ever Seen. THIS WASNT A RUG PULL, ITS AN ATTACK DUDE

#154

“Killed”?? Its the next logical step. Its only going down in value because you dont understand it

#155

Here is why: Historical ROI (Return on investment) for Wonderland Treasury Assets

1 Like
#156

A lot of speculation going on around here. Probably good to listen to the AMA later today to actually understand Sifu’s plan.

1 Like
#157

When they would buyback now, they would Feed the whales again, and then it would Crash again BC they dump it.

  1. Make a strategy to buyback fast (this proposal)
  2. Buyback
#158

I take it the idea is that we all stake our SPELL so it won’t get dumped on the market?

#159

What will be the exchange rate in dollar or euro equivalent? How much will I get back per wMEMO?

#160

Regarding Solidly NFT, does Wonderland have a share of the 536754 NFT’s after the Morpheus collaboration?

#161

I feel like this is a way to undermine wonderland and have our voices less heard by meshing us with abracadabra . we need fixing while liquidations benefit spell . we will then not be able to ask for anything because it will be used for the other project as excuses and votes wouldnt matter only on wonderland situation. This move is to eliminate the true frogs within wonderland.

#162

What’s really going on? I hope my 100k hole buys the dev’s a lot of smoke and a nice holiday on the beach. At least someone will enjoy our money. Say no to spell, fix time don’t fck it.

#163

high APY and rebases were just an illusion

#164

It’s not gonna to happen, it’s impossible, that everybody will stake.

#165

Yes, that’s true.

It was an illusion, but it was great way for them to steal our money.

#166

Could we see a breakdown of potential revenue per token/holder for the new business model please? I see there are various streams of earnings… some with shorter term, some with longer term returns? Will the VC investments be continued? Overall, when and how much in total earnings is the project expected to make and how/when will it trickle down to token holders?

#167

Yeah, I get it… just saying that is probably the idea…

#168

I would prefer to see a Wonderland with a team that is fully focused on executing its original stated strategy of investing. Fix the mechanisms that create the obvious liability of people attacking the peg to take advantage of having too much wMemo leverage in play. Use the 800m to deploy into a combination of yield farming and early stage tokens.

My issues:

  1. What’s the exchange price going to be? Sifu said probably 40k valuation for wMemo, which is completely unacceptable. It’s too low for the treasury and all the great deals that you have said are in the pipeline and it is unfair to allow Spell owners to buy out Wonderland at a weakened price. That helps Spell more than it helps Wonderland.

  2. This proposal doesn’t offer enough business/operational detail to make an informed decision. An AMA is not sufficient supplemental information. Who is the team? What is the mandate for the treasury? What are the specific synergies and their economic value? Explain Spell and its benefits to wMemo in more details. etc. Before someone tells me DYOR, I did my research on Wonderland which is what interested me and not Abracadabra. This is a proposal to merge, so present me the information.

  3. Wrong timing. Selling after a 50% crash and amidst deep concern amongst Wonderland holders is not the time to make an offer. It’s the weakest possible moment and there is also a fundamental problem in that it is impossible for the same person to equally represent both parties in a transaction. Who represents the interests of Spell in negotiating the swap price? Who represents the interests of wMemo? Do the representatives have a financial interest? This is not a personal attack on Sifu or Dani. it’s just that they need the highest possible trust and transparency to make people believe it is fair and this is the hardest timing to be able to achieve that goal, which hurts the protocol.

2 Likes
#169

There is so many unknowns about this. I think a lot more clarity is needed on effects that this will have on WMEMO holders. I see the price of time and WMEMO keeps dropping. for example: current WMEMO Price $27,938.33 at time of this down from the $50,000 backing price two days ago.

What is going on?!? It could be understood that the price was allowed to be lowered on purpose to allow this sale at a discount now. In Finance that could be construed as insider trading and price fixing if the above is true.

2 Likes