Proposal for ConcaveFi to Takeover Wonderland Treasury Management

[kRomie]

Proposal for Concave to Takeover Wonderland Treasury Management

• FOR ConcaveFI helping Manage Wonderland Treasury
• AGAINST ConcaveFi helping manage Wonderland Treasury

Scope: Ever since Sifu took over Wonderland treasury management 4 months ago, he promised that he had the best interests of the Frog Nation at heart. Instead of providing transparency, he made promises. Instead of protecting TIME investors, he used the Wonderland treasury as his own personal line of credit. Instead of coming forward with his criminal past, he knowingly and willingly deceived everyone to jump at the chance of making millions of dollars by using investors as exit liquidity; something which he has a track record of doing.

Concave Policy does not believe in making crucial treasury decisions based on unilateral power. The 15 person Concave Policy team are all seasoned DeFi and TradFi people with years of fiscal and monetary management experience. Having established partnerships with Frax, Inverse, Tokemak, Redacted, Curvance, Olympus, Premia and more, we believe in a transparent decision making process that is centered around the best interests of the community and investors and the DeFi space as a whole.

Concave Policy will work with the Frog Nation and investors to develop a plan that puts all of Wonderland’s community first. Every decision will be made with complete transparency, and we will turn the Wonderland treasury into a profit making machine that benefits all Time stakeholders, not just those in power.

Concave Policy will not accept ANY forms of compensation. Once the treasury management process has been made transparent and investors are protected, Concave Policy will work with the Frog Nation to come up with a transition plan to turn over management of the Wonderland treasury back to the community.

Objective: Transfer ALL Wonderland treasury addresses to a multisig wallet controlled by Concave Policy. Concave Policy will take over management and create full transparency around all treasury actions to regain the trust of the community and protect the remaining investors.

[JTnD]

The offer of your collective expertise is much appreciated but this proposal is nowhere near detailed enough for me to support handing Concave’s inner circle the keys to Treasury assets. The multi sig needs to be more diverse if Wonderland is to continue. And for a Team to come in and take over, doing it for free would be unreasonable since no one will work hard enough for free. A reasonable comp package for good performance would be essential to creating long term success.

[MarioR]

The best i could find on ConcaveFi was a German Rock Engineering company and a web page that pointed to a bunch of social media links. I clicked on YouTube and the oldest video is a month old. The reddit is a little older but the activity is less than a month old. The Bastion group was able to point a much greater history in this crypto space. As well as documentation of who they were. Their proposal didn’t start by rehashing the crap we are going through. How do i know you are not just another name for Sifu?

[DrunkenMaster]

Forget about these ad hoc proposals for particular guys to take over the treasury. We should have a list of all candidates and then crowd source evaluation of their proposals, giving bounties to people who find the best dirt or give the best analysis.

[NalX]

Changed this to General Discussion because RFC is the second step of the governance process.

Your inital General Discussion post was posted at similar time with minimum engagement. Should this post gain more engagement from the community, consider sending a new RFC request.