[WIP #4] - Wind down Wonderland, and give the treasury back to its holders

[Vineet]

Keep the project running for at least an year with few changes. Stakeholders deserve a chance to get some value out of it.

How about few of the following points?

1. Dani and team should figure out how to keep project alive without Omar Sifu. Most of the people invested on Dani rather than just TW project.
2. There has to be a time limit(15 days or so) to unstake the MEMO/wMEMO.
3. Pay 30% fees if unstaked within 15 days and ~0% onwards. To make it soft limit, this fees can be gradually reduced by 2% every day until it hits the maturity date(T +15 days).
4. There must be a way to redeem yield MEMO anytime even within 15 days of limit.

[albiesmiles]

Dont you understand the concept of only put in what you can afford to lose? This is crypto, not your local fucking bakery… You can’t get a refund on your bead here. You made your bed, now deal with it.

[xoxo]

This is a horrible proposal. We bought in the project at a multiplier, not to get the project sold off in a bear market after weeks / months.

LET’S KEEP BUILDING - DANI ON THE FRONT

[thommy]

Sliding scale seems fair. Alternatively payouts should be proportional to the investment(cost of time/Wmemo at the time of purchase X amount of Time/wMemo held). Also those who bought below the current backing price after things went down south should only be paid the cost of wMemo at the time they purchased wMemo, and not the backing price. Otherwise some one/whales buying now, will get a huge profit, while those who held for a long time would have max loss.

[CaptainDucko]

Sliding scale must be implemented. All information is in the block chain. Dani probably too lazy to implement this just like he couldn’t implement simple airdrops.

[sourabh]

This is not fair for those who bought at 2x premium.

[CaptainDucko]

This is why @thommy is correct

[pmapp]

My thing is making the wmemo a node…where that money is gone. You dont get the money back.
You get rebases or rev share in the form of MIM or SPell or whatever coin of your choice just no wmemo

[carowaro]

If we close it out the ONLY winner here would be Dani and the OG team… who owns the most wMEMO at the cheapest prices? Him. He and the original team will be the only ones that profit from this. And they’ll profit big. While 99% of frogs all lose -90% of their initial investment. I’m SHOOK from this.

[Vineet]

What about small investors who are buying now?
I bought it when it was 3K, 2K, .8K and today as well. I am also at 80% loss. To avoid whales there should be a unstake time limit.

[thommy]

Is snowtrace.io down?

[CaptainDucko]

I don’t know man. In my opinion Dani should pay back everyone at market price when they bought, but you know, probably not going to happen. I bought at 8k then 4k, believe me I know.

[BlackSnow]

@Vineet

What about small investors who are buying now?

Yeah. They’re under maintenance

[thommy]

In my opinion pay back should be proportional to the market price x amount of time/Wmemo when they bought. Basically, proportional to the amount put in. Add the total capital amount of all investors, say it is 1000, and an individual investor had invested 10. Say the current treasury value is 800. The investor would get 8, instead of 10. If the treasury is 2000, investor would get 20. if the treasury is 1000, investor would get 10. In my opinion this would be the best way to part, if the decision is to dismantle.

[EggPlant]

It is not prudent to close the project when everyone is at loss. I dont think we will get back even what we have invested in.
We need to move forward with the project (Dani with a new team and having Sifu removed from the project).

PLEASE VOTE NO TO WIND DOWN THE PROJECT.

[MaeLysAwa]

Snapshot vote not just snapshot

[yo-ey]

“Users will then be able to claim each of the assets that were in the treasury in relation to the amount of wMEMO he/she has.”

More clarity would be helpful here. There needs to be a snapshot taken before it’s clear the vote is heading in this direction, otherwise new entrants will be incentivized to buy wMEMO for discounted treasury assets at the expense of longer term holders.

[EggPlant]

Please vote for this:

Proposal for a properly staffed Wonderland team w/ background checks - 1. General Discussion - Wonderland Governance Forum (wonderlandforum.xyz)

[DoutorI]

Absolutely agree with this. They seem a little too eager to end the project. If we were to end the project we should have that AND at least Dani giving his share of the treasury to the holders, since half the reason we’re in this whole situation is because he found out who Sifu was and never disclosed to us. Would be the only way to convince us this is not a very elaborate rug pull.

[mr.warburg]

Manipulation at is finest. There are like 5 proposals to stop this WIP, can we coordinate to merge all of instead of posting a new proposal each hour?