Snowtrace is down too
This is āsnapshotā as in āsnapshot.orgā, the website where the vote for winding down will take place
you cant get it more simple than this!
Is this it??? This is all the details weāre getting about a crucial vote??? How are we as shareholders supposed to make an informed decision when this is all we get??
Exactly! This doesnāt make sense. Dani posted: āFor the option that I am for which is to fight and bring someone new and experienced on to manage the treasury, I would like for everyone to come forward and bring ideas, if you are a fund in the crypto space, please post a forum proposal if you are interested!ā However the Wonderland Team is proposing something else.
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NO!!! we need a credible team to relaunch wonderland, without daniele and sifu.
It sounds from the tone of the writing they have already mentally wound this thing down and Daniele and team want out.
I want to say no purely because this a scummy deal. Dani and Sifu still walk away with millions. Backing at the first BSGG snapshot. Scumbags will never face justice now. Dani should pay out of his pocket. Iāll still have lost $70,000 life savings
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Tough to expect those liquidated well under backing price (which was promised by the WL team) to deleverage in under an hour. It takes time to find liquidity else where.
I agree that this wrong needs to be corrected. Backing price was well above $25k and those leveraging at these levels (1-2x) were not being irresponsible.
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My liq. was 22k. Was thinking of ringing some family members to help me deleverage and then the news of Sifu and refusal to buy back liqudated me. I honestly do not feel I was greedy or stupid for doing this. I honestly feel it was Danielās stupidity that liqudated me.
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For my part, the following are super important. IF this passes:
1 - the only addresses that should be allowed to claim from the treasury are the ones that were elegable to participate in the vote. This stops people from buying back in at a discount and then selling for a profit just to take advantage of this sale.
2 - claims should be paid to wMEMO holders based on a percentage of their share of the treasury based on how much wMEMO they hold REGARDLESS OF THE BACKING PRICE. Weāve always been told that wMEMO is our percentage share of the treasury. It concerns me if the backing price is based on the total supply of wMEMO then the protocol still owns the vast majority of the share. If the protocol is being shut down then itās share must be diluted. FROGS ARE THE PROTOCOL!
3 - BSGG air drop must be paid to eligible addresses
4 - The dev team, less Sifu, still getās their cut
not to mention they got loans they received something already. they lost collateral for not paying and it tanked price. its kinda their fault it tanked so fast yet the walked away with the loan. They didnt lose all of there money most who had loans better off than people who didnt
This is a terrible and lazy solution. It could be worked out who held the dips, who was the most loyal to daniel, people who bought in novemember and earlier. This could all be worked out. To much work for that lazy glutton Dani who just wants to smoke, eat junk food and fish. On OUR DIME.
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You had to know liquidation was possible. You chose to leverage. Why is it someone elseās fault?
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I am not ok with people being paid for their liquidation from the treasury. But if people who were liquidated were paid out of Danieleās and Sifuās pockets, I would be ok with it.
Ok, I am editing this because since I am a new user I canāt submit another reply.
GUYSSS THIS IS MADNESS!!! There are too many people submitting request. We need to select representatives or someone needs to comb through all of these comments and bring together the most important arguments from various positions in the most coherent manner. We also need to compromise on certain points. For example: Many people feel as though they should get the money that they lost from being liquidated under the backed price at the time because of the promise Dani and Sifu made to them. This is valid BUT it was NOT VOTED by the DAO so, in my opinion, it should not come out of treasuryā¦but I feel their anger. SO what we can do is submit a proposal of HAVING THE TREASURY SUPPORT THOSE WHO HODL and HAVE Sifu and Daniele pay back the people who got liquidated under the backing price at the timeā¦ OUT OF THEIR OWN POCKETSā¦ See compromise!!!
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Leveraging brings risk for greater return. Those leveraging know this. Backing price or not you put your $ at risk willing.
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I was promised there was a backing price.
The leaders of the project leveraged and advertised their positions.
I was lead to believe it was safe.
I have sifu in writing telling me that backing price will be defended, that they āwill not miss thisā, that he will ādrive to Daniās house if I have toā
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Bro the price was $45.000 I watching it all day. My liquidation price was $30,000 the first time and 22,000 the second time Just leave the room to eat dinner and I come back to zero.
People that are made are mad because the time it happened a few weeks ago. That was real leveraged market. You couldnāt even get MIMs to borrow. Check the analytics on abracadabra
What happen this week was something that could have been prevented. Donāt blame this on leveraged investors. Our coins where locked! we were not swing trading
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IMHO the only option is to liquidate the treasury but not in the way describe. A professional needs to be hired, put in charge, and liquidate things in an orderly manner.
And all the people claiming āIām xyz, I have the CFO of the largest PE firm to helpā need to be avoided. Anyone trying to step in like this are just looking to walk off with the treasury or are some desk jockey who thinks they can be a hero to the people but its all in their head. Iād rather wire the treasury to Sifuās wallet and trust him to distribute it before I voted to put one of the randos who have come out claiming they can right the ship in charge.
Also, all the people who said we thought buybacks happen automatically did not thoughly research what they signed up for. Regardless of what Dani or Sifu said, no Ohm fork has automatic buybacks.
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