Not fully fleshed out but given the tight timeline, I think something along these lines could staunch the bleeding while setting up Wonderland for a revival.
Wonderland Proposal
Dani must remain engaged 100% as chief strategy officer
Rebasing off. It’s unsustainable, unnecessary now, and frankly confuses people about the value prop.
Switch entirely to wMEMO, no more TIME, no more MEMO only conversion options (indefinitely as long as there is oustanding TIME and MEMO)
Anyone who wants to exit can sell at market price. No buy back, no making whole, just market.
No accomodations for liquidated frogs. Or alternatively, a small set aside liquidation fund of 1% of profits that go to liquidated frogs in a illiquid, non-leverageable token that vests over 6 months to be split pro rata by amount lost if they sign up by x date.
3 person governance board, 1 of which may be Dani, that has multi-sig and is fully doxed
Treasury manager, fully doxed, that provides weekly reports to community and board, has authorization up to X amount and requires board approval above, gets 1% of profits from active management. Must report weekly. Can hire an analyst to help with reporting and dd work.
Until treasury manager and board filled, no treasury funds will be used / will be frozen.
No commingling of personal and treasury wallets.
When treasury and board is filled, profit will start revenue sharing again - 1% to treasurer, 1% to board, 1% to liquidated frogs, 47% back to treasury, 50% distributed to staked wMEMO holders.
Treasury will be 25-50% yield farming from stables depending on market conditions (risk on vs off), up to 25% partnership investments (i.e. Convex), and up to 25% venture investments.
