wSifu has been an amazing treasury manager whose decision to hold majority stablecoins has created a decent price floor for wMEMO that can be supported by buybacks.
He has also been a trooper in answering questions daily on discord, taking verbal abuse in the discord, and reacting to volatile markets.
The feedback I hear in the discord that I think is legitimate is that we need the treasury to be able to react quickly to prevent flash crashes and liquidation cascades, and we need better communication.
I propose that wSifu hires someone to support the treasury function in the following ways:
Be a backup on treasury protection when wSifu is asleep
Answering questions in Discord
Creating periodic newsletters of treasury moves and performance
Help formulate our long-term treasury strategy, manage risk, and assess investment opportunities
Negotiate deals with other protocols on behalf of Wonderland
Wonderland is a big project. The team should staff up accordingly.
I support the idea to hire an assistant for sifu. Except for point 1. There should be no access in any form to the treasury for the assistant. I think the Team is probably already hiring people.
Thanks for the feedback. I’m happy to revise this. I was assuming though that there would still be multi sig requirements. I wonder how customizable those can be (eg certain types of transactions maybe shouldn’t require multi-sig eg if they are happening on sushiswap and are less than $x).
I agree and I’ve offered to volunteer. Maybe a discord channel within the Wonderland server where people can offer their services to support wSifu and the Wonderland team?
I agree with the majority of this but I DO NOT believe in assistant should have any access to treasury funds at all. none. but I do believe he needs help with discord fielding questions and such and id be nice to get some weekly newsletters to keep us all up to date.