Frogs with at least 100MEMO please use this and put in on to the snapshot for vote please!
Wonderland with the current structure model was able to attract 1billion $ of treasury funds to earn 1million $ per day for the treasury growth.
Moving to a revenue sharing model will let all holders benefit from the treasury.
But due to the utility of wMEMO to be able to use as collateral, has cause to multiple liquidation cascades, if wales dump wMEMO.
The problem with the rebase model has obvious failed, additionally to the liquidation cascades.
Every user could have jump into MEMO right before the rebase and sell the tokens immediately, which has caused a depreciation of the price of wMEMO
The possible solution could be (as planned):
- Moving from rebase model to revenue share.
How the UI could look like is in the link below
- wMEMO won’t be used as collateral anymore.
Their is no other protocol in this space available yet, with the utility to have a fund with a revenue sharing model.
There is no other project out there which could compete with wonderland, if we bring it to the right track again.
The treasury is healthy and ready for a new CFO to take over.
The community will vote for the next best CFO.
Improve the treasury to make it more efficient. It earning about 1million $ per day at the moment. It will earn much more for us holders if we let it continue to work us.
Give wonderland exclusive access to abracadabra for unlimited funds to create the biggest DeFi fund on this planet.
Give Dani a second chance.