100% Let’s discuss it further in my DM
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I leveraged nothing, just held on for dear life. I put money into this after reading all about Dani and his other projects. All I wanted was a long-term hold with the rebases and an evolution into an ecosystem afterwards. If you leveraged on an experimental DAO then I’m sorry, but you should have paid more attention. I’ve been a true diamond-hand through this entire ordeal. I’d like to think this could go on, but the reputations are tarnished already. If this dissolves, repay people that stuck through the entire time. No snapshot after Sifu leaves or institute a sliding scale based on TIME in the project.
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Has nothing to do with the APY… Moronic if you think so. They profit off liquidations. Which in return they purposely drive the price down. So they can profit. If you think Dani, Sifu and all other leaders were “sleeping” during the last cascade and not coordinating whale sells. You have lots to learn. Its a scam…
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What about the promise to refund whom were liquidated below backing price that two black days? Please keep your word Daniele
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No one who leveraged should be repaid
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Snapshot cannot be after the vote : an announcement like this is market manipulation, off course if whale can buy now at 25k and sell automatically at 40 they will do it
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@daniele if you really care about the frogs then you should not make a dime on wonderland. Inject what you have in treasury , that you earned with wonderland. Same goes for sifu.
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A calculator and the exact amount of the treasure (that can be used ) should be available
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Team members benefits should be capped.
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Im here for the same reason everyone is. We agree to play by certain rules. If the rules get broken and as a result I lose everything 2 days back to back because I trusted Dani and Sifu.
They created the liquidation problem. This doesn’t happen with most other protocols. Look at the liquidation fees paid to Abracadabra from Wmemo
Last I checked it was $60M. Dani could have easily made a deal to buy the liquidated memos at a discount over the counter. Not to mention that he and Sifu caused it when they got liquidated. Are you saying they didnt know any better?
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The snapshot should be before the Sufi vote.
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With a potential entire wind-down is there potential for those people who are ‘last to the exit’ having to sell their AVAX/MIM etc. at a discount because everyone else has dumped before them.
Yesterday I voted to liquidate the treasury, but since I’ve calmed down and can see a future in Wonderland if it continues to acquire/work with various projects that have huge potential. As a result if we were to continue forward revenue share needs to start and pretty quickly.
I feel like this should be a snapshot too; it’s plain to see than in the midst of the chaos and even before that, whales were dumping and then buying back in the fear. They shouldn’t be rewarded for that. The HODL’ers who have been in and simply held since day 1 are the first people who should be allowed to get out. We’re the most down and yet we showed the most loyalty to the protocol. Potentially from snapshot of either the BSGG snapshot as that was already taken, a snapshot just before the Sifu news was released or a snapshot just before the absolute bottom. The snapshot should be taken from one of these options to allow, as I say, those who didn’t look to destroy the protocol should be able to get out first at a better rate than those who profited by damaging the protocol.
Also, those people who were liquidated should NOT be refunded, at least not from the treasury. Dani is of course free to do what he wants with his own funds, but I’d prefer him to help out the HODLers. Everyone knows the risks of leverage. If their trades came in good they wouldn’t be sharing their wealth, so we shouldn’t be refunding them.
@WonderlandTeam what if you’re staking in Pendle? How can we prove our wMEMO to you if this proposal goes through?
So you want to be compensated for investing and the value going down, but you don’t want the guy that got robed to get anything? just because you have your tokens
I like it!
my only concern with it is:
will we find someone/team willing to take over this task “for free” (until we all get “paid back”? it can take a long time as the damage caused is deep).
Other than that, YES we should keep wonderland alive!
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GIVE US MORE DETAILS!
This explanation is too vague and not clear.
How does the claim exactly work?
Whales can just buy WMEMO now and then drain the treasury?
Do you solve this with a snapshot of a certain date where people held wmemo?
What is the deal here?
The price of WMEMO is already pumping because people are speculating but I guess that’s what you guys intended
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I admire your optimism, but your including Dani as CFO and he clearly wants out. You’ve outlined a management team structure but no one to fill the roles. Everyone that’s saying we should continue wants other people to do the work, and in your proposal, for free, until we all get our money back. You’re going to get what you pay for in my experience.
Who in their right mind would want to take over this project for free?
I think a snapshot needs to be taken from the inception of time to right before everybody figured out about the Sifu scandal, the users that held that entire time get reimbursed at their ATH. If that means the variance comes out of Dani’s pocket, so be it. For the rest of the people, who day trade wMEMO, over-leverage, and didn’t hold the entire time, you knew the game you were playing. You can have the option to have the protocol buyback at the backing price per the proposal.
I really think all this preaching from Dani about “frogs protec frogs” is a nice theory, but if it was true, then this would be the way to go. So far the only frogs I see Dani trying to protec is the overwhelming majority of “frogs” which are day traders and people that overleverage so Dani avoids a PR shit storm.
I think Dani is a nice guy, and has good intentions, but I see right through the whimsical charades, and I know deep down inside, this was never about financial freedom, this was never about the frog nation, this was about money pimp, and the protocal made lots of money, and the investors got rekd and drowned in the lack of attention and focus from Dani.
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LET’S KEEP WONDERLAND ALIVE!
This project has legs to go!
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I understand the frustration that you got liquidated I’m guessing at well below the backing price, but that’s not a case of you bring robbed. That’s a case of the protocol not working as we all expected it to at that point. None of us knew that the buy-backs were manual and needed Sifu to ‘be awake’ which sounds a bit ridiculous.
That said, leverage always comes with its risks, but I can absolutely understand why you feel aggrieved at the price I guess you were liquidated at.
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What about those of us who have held since october on hotbit? Can I do this snapshot of transaction history? I’ve no idea how it works
Snapshot vote, not snapshot of holdings. Get your facts right.
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I mean it’s not over till it’s over losses are only permeant once you sell. This has been a long term play since the start. I guess I’m not super over emotional about it because, I didn’t invest money I couldn’t afford to lose. Except now we get to vote on if we lose or not and don’t get to make that decision for ourselves (democracy at it’s finest). There is still potential to rally this project, as investments pay off, and new investments are made excitement rises and ppl get back on the ride. Who knows maybe getting Sifu out of the treasury was exactly what wonderland needed before it rallied.