Number 4, will be nice to try. I think it disencourage price manipulation & speculation, plus add slow deflation.
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How does burning wMemo affect the Treasury?
What amount of wMemo is part of the Treasury?
1 or 2 for sure, better 2 for me.
Would buyback & burn solve the problem ?
Why not burn time from treasury and donāt waste other treasury assets that can potentially produce yield.
When buybacks occur, reduce APY to 0 for some duration.
Distributing returns to long term holders would also be help.
Burn this bitch! Also increase stable coin holdings in the treasury for less volatility during this market pull back. More investments towards stable coin yields.
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Yes burn it and send it to hell!!!
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option 1 or 2 seem to be fine
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1 & get back the wMEMO to the guys that are liquidated below backing price, instead of burn
Can this % go to treasure instead be burned?
I mean, in every sell or buy, a % of the amount go to increase treasure balanceā¦
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Option 2 is better, i trust in wsifu
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I think burning tokens only delay the problem by giving more momentum and reason or people to dump their bags. If we burn the tokens, the price going to skyrocket for some time until people dump their bags and this will drag the price, treasury, APY, and everything down. This maneuver will only result in the making of a time bomb that will end with a catastrophic event.
My suggestion
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Do something about the massive liquidation cascade. By giving something to compensate for the liquidation cascade days ago, you might gain the pplās confidence back in Wonderland. I know this is not your fault, but I can see this can be a good opportunity for us to show our dedication to the loyal frogs in suffering. But, I canāt suggest what we should do specifically cos giving good advice in this matter is outside of my capability.
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Turn wonderland into revenue-sharing model. This will attract ppl that actually interested in our investment plans. I can say that we can provide opportunities to ppl that might never have the chance to get that kinda deal. This is our selling in the long term.
This is all that I have in mind for the moment.
7 Likes
I like it. You can add a voting for the options already:
- Scheduled burn
- Burn liquidations wMEMO acquired
- Donāt burn
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Isnāt this just like guessing what would be the best?
Many people already lost at least 50% of their investments (excluding me),so just whats best for the people and project in a long run, not short time frameā¦.that would be the best option imo.
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go for 2ā¦ option 2 
Makes sense that Wonderland benefits from liquidations as it is an inevitable part of leverage and should it occur the treasury should benefit
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dont understand the question
I am not sure burning is best. I like the idea of buying back and airdrops to long holders as option one. And airdrop liquidations as well. If we burn it seems we lose money. If we give back to holders we reward all.
Edit:
I some portion of airdrops. But on further thought this does not solve the problem.
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option 2 seems like it would be a good option.
I propose option 1 
Most people forgets that we still have the emission due to the rebates being in $TIME/MEMO. Yes $wMEMO is cap but you canāt outrun the deflation value of infinitely printing MEMO ( the rule is always been the more of something the less valuable it is). So to this point we should move fully into the investment fund/VC model
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stop all emissions/rebase in MEMO (this would set a real backing price the doesnāt move with more ā$MEMO being added to $wMEMO).
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have $wMEMO stake for reward in for a stable coin from say 75% of profit the treasury make AKA a ādividends structure( 25% would be put in the treasury to grow it. This will also āraise the backing price for $wMEMO). Wonderland is in the unique position to be able to do this we have $MIM. This can pay out daily, weekly, bi-weekly or monthly (vote on the payout period)
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any future projects we invest in that has tokens to be distributed via airdrops would only be given to people who stake for a certain period say 2 or 3 month snapshot would be taken (can vote on time)
3 Likes
HavenĀ“t the dilution already been halted by the transition to wMEMO? TIME isnĀ“t needed anymore to enter the project which it was before the migration to Sushi. If I havenĀ“t misunderstood thereĀ“s already so much changes about to happen to the protocol in the short term. Revenue sharing, airdrops and ve 3,3 mechanics. I think Option 4 sounds like the most profitable proposal for both us frogs (ribbit, ribbit) and the treasury. It needs to be a win-win solution for both parties so we get a synergistic profit model that incentivize long term hodling. As the protocol implements the ve 3,3 model there will be different lock up periods with 4 years being the longest lock up period and the only one with a reward ratio of 1:1. 2 years lock up will get a 0,5:1 ratio and so onā¦ IĀ“m not sure how the mechanics with lock up periods will look like but maybe we can have some form ātaxā for leaving before the period ends which would be burned instantly when withdrawing too early. I also want to say thank You to Dani, Sifu, AndrĆ© and the rest of the team for all work You put in to this and also to ALL Frog nation broĀ“s and sisters out there HODLing through these tough days lately. This wouldnĀ“t be possible without all of You, IĀ“m so glad to be a part of this project. One final thought I want all of You to think about. Is there a way we can get liquidated frogs back in the game? IĀ“ve talked to some people who got liquidated the other day and theyĀ“ve kind of lost their beliefs in the project. Maybe we can find out someway they could be able to reenter at a discount or something. IĀ“m sure one of You will find out a great solution for this if You find this reasonableā¦ Have a nice day!! RIBBIT RIBBIT