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

3. [WIP] Wonderland Improvement Proposal
#141

I think Dani will have anticipated the current price pump and will already have in mind a fair way to distribute the treasury based on how long the wallet held the coins.

It was poor judgement from Dani and team to announce their intentions to use the treasury to attempt to artificially hold up the price, and on reflection it seems obvious that this would attract manipulation.

I would say if you were liquidated or have already sold, that is a result of your own decision making, and as such you should take responsibility for it. It’s a bitter pill to swallow, but should be an invaluable lesson to reference when making decisions in the future.

1 Like
#142

I absolutely do NOT want MIM. Give us AVAX or USDC.

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#143

What happens to OT-wMEMO holders from Pendle with expiration on Feb 24?

#144

You must not understand… If you make an investment in something, then find out that the person running the fund is a complete fraud, I believe I am using proper judgement in letting it go. I sold 2 days ago. Not a week when it started selling, just 2 days. I didn’t get liquidated. I didn’t over leverage. None of that.

#145

In a long line of many.

#146

lol. great question. completely forgot about that

#147

If you already sold…why you here then telling us 90% in loss to just take scraps?

3 Likes
#148

When it comes to money, trust and money go hand in hand. Given the situation we are in, trust is lacking and therefore the return of funds, I think, is the only feasible approach.

However, what is proposed here is not good enough. I sympathise with the turmoil Dani must be going through, but the bottom line is he knew about Sifu and did not tell us about it. Therefore, from the date he knew about Sifu, this became a matter of deceit. I dare say a lot of WL investors would not have invested if they knew a convicted fraudster was at the helm in charge of our funds.

In light of this proposal, we now have people who sold now re-entering in the hopes of at least gaining some of their investment back. The only morale and fair way to resolve this is to take a snapshot from that date Dani knew of Sifu’s identity. If Dani wants to help preserve his reputation and most of his other projects, I dare say he needs to ensure everyone is fully re-imbursed their initial investment. Now, I’m a realist so I accept this probably won’t happen, but at a minimum, each account who held at the time Dani knew of Sifu’s identity, regardless of whether they held, fully sold or sidestepped, now need to be included in this re-imbursment you propose.

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#149

agreed. lets make this happen!

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#150

Yeah clean slate. Because the top people already exited selling all their wMemo/TIME before this :slight_smile: Leaving us with this hot potato while we wait for voting proposals.

#151

Honestly I still like Dani and team to continue with the project. Why isn’t that an option? I think there are many of us that would to continue with this project as it is, without sifu of course.

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#152

I’d say damage to the protocol is done, no recovery possible. Everyone will exit the protocol the second they recover enough investment so they would be excessive downside selling pressure for the foreseeable future. New management will never ever regain the momentum needed to be successful. We are in a crypto winter, who knows how long it will last.

3 Likes
#153

wonderland is damaged goods. Its over

#154

I’m not sold that winding down right now is a valid strategy.

If the Treasury wallet bundle in Zapper linked to on Discord is correct., too much of the treasury is made of wMEMO, TIME, MEMO or related LP positions (wMEMO/MIM pairs) etc

There has the be more beneficial ways such as:

  • Stop emissions
  • Slowly liquidate non-Frog nation assets and turn them into a yield-baring assets locked up for 12-24 months.
  • OTC deal for the Frog nation assets (spell, mim, mim/LPs) and the UST.

Those that want to exit still can trading out as the price settles into a fair market price away from Frog nation uncertainties.

This would take away some of the uncertainties about whales who bought the turmoil dips. Or snapshot to pre Sifu news holders to cash out first.

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#155

(post deleted by author)

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#156

just take your distribution and invest it elsewhere. Safely!

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#157

When you say wMEMO held in the treasury is not part of the distribution, where did it come from? Was the wMEMO acquired with investor funds? Are any airdrops included with these assets? Does this distribution exhaust all assets down to zero?

#158

Yes exactly that! Refund ist just stupid. Helping the rich getting richer and is an easy escape for the people who fucked this up. Take responsibility!

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#159

Vote for my proposal Please

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#160

see so many comments here from people who want to have their cake and eat it too… you’ve been liquidated and want your original investment back or you want to be paid back at your initial wMemo price. get real. Investments dont work like that. you made an investment that didnt return. suck it up and take some responsibility for your decisions. the market is down in general, this has compounded everyones stresses and the position we are in today. the value of the treasury has shrunk in line with the market. as a token holder they are giving you the opportunity to own your treasury % directly rather than through wMemo. you do with those tokens what you please, sell them down to a stable coin, swap them or hold them. the choice is yours and just because that’s what you want doesnt mean others do too. they are not going to pay you a specific $ amount for your wMemo. they will give you the assets from the treasury, these fluctuate like in any market and the best available $ value for reference is the backing price. if you dont own wMemo/Time/Memo you dont own any % of the treasury so your not going to get anything. no snapshot is required. if your a token holder you have a claim. its pretty clear.
obviously this project cannot continue because without the founders and Dani (who clearly want out), the whole ecosystem cannot be developed. that is what we were here for. those who actually knew what they invested in anyway.

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