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

When every day new proposal comes out, the price fluctuates a lot and attracts gamblers to take advantages of the news. Should it be freezes until a final proposal is settled. The same arrangement is everywhere in the stock markets.

Back to the proposal, if it’s only to give the treasury per wMEMO back to us is not sufficient cuz Dani has already created something to ruin the treasury value. Dani should compensate the shortfall back to investors to the value we bought at that moment.

fuck your leverage :grinning:

I’d say burn treasury wMEMO, don’t inflate Dani or Sifus coins, the top 20 wallet holders get current buyback prices, and let’s try to compensate people based on their maximum NON-LEVERAGED positions since their initial buy, minis their final balance when they sold. If they bought 2 $wMEMO (or $TIME equivalent) at ATH, and they have $50K left, so be it, they get $290K. That’s what they put in. Made whole again. If the math doesn’t work out that this is a possibility, cut the return % unilaterally until it does.

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i have suggestion, rather then simply winding down the project and giving money back to the holders we can simply put a claim option and whosoever wants out of this project can do so by withdrawing at the backing price and those who want to continue with the project can help further cause the above suggestion doesnt leave any option for those who still want to stick around

Read: https://mirror.xyz/0x8A7f7C5b556B1298a74c0e89df46Eba117A2F6c1/s7haxQQE9lhDxoBws97vsyGlrOi768xtGB-z9vLLQAw

Daniele still wants to fight. Only problem is they don’t know who to put in charge of the treasury.

The thing is we the share holders should be in charge of it, and the multi sig wallet holder should act on behave of the community.

The argument to this is our voting system is to slow in the case of a market movement we would not be able to actually capitalize on price action.

Maybe a proper way to handle this would be for Daniele to create a trading bot set to parameters voted on by the community.

I’d rather talk about way to fix the community rather than ending it.

The counter to fi

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Whales would drain our treasury, they would just go buy more and keep selling it to wonderland for a profit gud ser.

If people want to sell for a loss let them, we’ll hold till we’re happy.

What a slap in the face to everyone believing in you, Dani …

THIS VOTE CAN NOT PASS.

In Reality this vote should not happen at all

Whales are going to be buying right now to vote for the wind-down so they can take free arbitrage on the treasury transfer.

They will take money away from people like me who have never sold and still like the idea of a decentralized VC fund

I don’t want to see Wonderland end but can you guys for the love of God please pull the liquidity first.

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Its like someone died and their ungrateful family is fighting over who gets the furniture.

liquidations are on your risk.
your requests can not be discussed in WIP.
unfortunately…

do you read above link?
link’s proposal was great and is great.

i respected you and is respecting now.
difficult to understand genius.
suits try to exclude something NEW.

frogs will change the world.
GO frogs!!!

You’re not interpreting this correctly. It’s a vote on the snapshot website …not a snapshot of holdings

Medium – 26 Jan 22

Frog Nation is a collective of projects which work together to push Defi and the overall crypto industry forward. Currently consisting of…

Reading time: 5 min read

do you read above link?
link’s proposal was great and is great.

i respected you and is respecting now.
difficult to understand genius.
suits try to exclude something NEW.

frogs will change the world.
GO frogs!!!

liquidations are on your risk.
unfortunately…

what do you mean?
who said?
keep calm…

  1. WMEMO DOES NOT REBASE IN TOKEN NUMBER!!! SO ALL PROFITS YOU HAVE ACCRUED UP TO NOW WILL BE NULLIFIED.

  2. EVEN OUR VOTING RIGHTS ARE BEING TAKEN AWAY BY BASING EVERYTHING OFF WMEMO.

Please keep this in mind everybody. Most investors bought in with time and were promised rebase rewards.

Either the vote and distribution must be based off dollar value of WMEMO or off number of MEMO or TIME tokens and not the number of wmemo. The number of WMEMO tokens is irrelevant to start with because it was the dollar value of wmemo that reflected our share of wonderland.

This proposal is completely unethical and trying to scam everyone of their rebase rewards and their true share of wonderland.

I thought the same – way too eager to end. Was surprised when I read that was the proposed solution. :sob:

So my Question is that are we going to get the same APY as we claim or just a part of the treasury??

It would be better if we could give out the same APY to the holders

Daniele posted on twitter stating that this would happen, but I havent heard anything since… how can this be addressed?