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

3. [WIP] Wonderland Improvement Proposal
#741

There is absolutely no logic or sense to allowing those who are attempting to profit from the Sifu situation win, as it can be terribly manipulated at the moment. Only those who held the line BEFORE the Sifu situation should be allowed to claim their assets back at backing price. Like it was mentioned earlier, I think it’s much more fair to use the snapshot used for the betswap.gg airdrop to show those who were truly following and backing Wonderland. Everything that has happened since the Sifu ‘exploit’ has been bad, and rewarding those who took advantage of that is plain wrong.

I want this project to continue personally, but if it has to be wound down then I think it should be done in a fair way to reward those who believed in it before the corruption events. Those of us who paid high prices for TIME/wMEMO are the ones who truly believe in this project after all.

It saddens me that so many people seem to want to give up on this project, as it had/has so much potential. I hate to see it all go to waste and ruin the perception of DAOs for so many more.

2 Likes
#742

if you plan to wind down u will get the current price. Vote NO and we rebuild wonderland to back up and then you can sell at ATH.

Whales just manipulating the votes so they buy at discount and sell at 1k

#743

You can Vote with wMEMO

#744

You leverage and there is always a chance to get liquidated. Doesn’t matter when or how you put your money at risk by leveraging.

#745

This proposal is rigged. One wallet should equal one vote. No input from community was allowed. Only benefits whales. Annul the proposal.

#746

If you go to the “Wind down Wonderland, and give the treasury back to its holders?” snapshot vote page you’ll see this wallet/person is listed as the author and ‘core’ team member.

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#747

How? I only see balance for TIME there.

#748

Given the current situation, we should ask ourselves if we want to continue the project if Dani or the team of Abra and Popsicle is here to help us. I’m not sure if Dani wants to continue since he is stepping down from sushi too. Maybe he is not feeling so well to deal with this right now, even if we’re going to. Has anyone had the opportunity to write him to see if he wants to stay? The mirror article and the proposal are contradictory. It was not a “frog nation” plan. Popsicle and Abra’s team could give us more time for the proposal and not rush it. Many people were liquidated two days ago, and they didn’t buy back yet, so they can’t vote on the proposal. Sadly, the top 10 wallets participating are wallets that bought time yesterday, except for Sifu, who is the only full wallet voting to continue.

DANI FOR TREASURY
#749

This doesn’t have to be a choice between one or the other.

The claim at the backing price can be implemented and those who want out can go as they please.
Those who remain can rebuild from there with what is left of the treasury.

I don’t see why it has to be one or the other, it is stupid.

2 Likes
#750

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#751

I have concerns about the notion of a buyback, specifically in regards to people who may are incentivized to take the buyback when they bought their wMemo/Time well below the treasury backing. The long term holders get murdered for cents on the dollar and someone who’s bought in since there were murmurs of buybacks will make the quick flip for a profit. There must be some equitable way to pull it off.

I still believe the Wonderland project can succeed with some new members on the management team, but it’s not going to be an easy road forward.

2 Likes
#752

If the vote pulls as close to 50/50 as it has been we may see an option like this arise. We’re fighting a bigger battle against people looking to flip their recent investments below the backing price.

1 Like
#753

Yes, everyone is focused on who got liquidated, but ignoring those of us who were forced to deleverage at a loss in order to prevent further loss. I lost an additional 50% by doing this after already losing 75% due to wMEMO losing value since December.

Solution? Compensate wallets based on their wMEMO balance right before OxSifu was doxxed. This will be a fairer compensation for long-term holders (loyal frogs) and will prevent arbitrage opportunists who are currently buying wMEMO to get a piece of the treasury distribution.

It’s fine and good to want to help those who got liquidated, but the holders are all set to get left out in the cold after huge losses.

2 Likes
#754

What about people who sold after he was doxxed? They get their selling price and a buy out?

#755

Where do we vote? I am a little confused here. I do not want to see Wonderland ‘windown’. We have a great opportunity here. Let’s not blow it because of paper hands, please. I am a hodler and dissolving the treasury on a down market goes against my investment values.

2 Likes
#756

I, too, do not want a “windown.” But, if it comes to that, I’m worried about what I could anticipate? Is the backup price applied just to your wMEMO or also to the rebases you’ve collected over time?

#757

same applies to investing in 80000% APY Ponzi. You should know the risk too

#758

Where can i find some guide how to sell my WMemo for the backing price?
And do I correctly understand that backing price the same as at the website dashboard?

#759

Unless your a whale your not getting anything back by voting to close wonderland the whales will make 40% to 50% profit while you will take a 90% loss congratulations put a quarter in your ass because you played yourself

1 Like
#760

I think the community who wants to shut down this protocol has probably already recovered their invested money when the price was at the peak. But, shutting down Wonderland where people trusted this dream protocol so much that they have invested a lot might have to face a big loss. Just because of one criminal involved.

I vote to replace the CFO. Probably CFO of any
other successful protocol can step in and take care of the Treasury.

1 Like