I would like to complete the proposal of “The Professor”
and propose some changes and fine tunes on it with an introduction of a mini game with P2E elements:
1. APY vs. NFT vs. Revenue Sharing => Reward long term holders
Combine NFT´s and P2E elements with APY boost mechanics
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Who gets the Wonderland APY boost NFTs? How will the Wonderland mini game work?
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To be able to, manually mint the first NFT, you have to hold at least one MEMO or the price equivalent in wMEMO for a full period of three months (90d). But there´s more…
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For balancing issues, I suggest to unlock direct buys from the treasury in the form of bonds and reduce the ability for every individual, to be eligible to acquire NFT´s for holding, only if you bought directly from treasury.
Means: You want a booster NFT? Buy MEMO or wMEMO directly from treasury and hodl! -
The first NFT provides you with a boost of 1k APY.
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Also, to ensure a fair DAO governance we need to reimagine MEMO and wMEMO as following:
To participate in voting (governance), only the, directly from treasury, acquired wMEMO must be considered.
Wanna vote? Exchange your MEMO with wMEMO by using the treasury to keep your hodl streak intact. For this, we need a special front end.
- Enable inverse bonding: Exchange your DEX/ CEX acquired MEMO/ wMEMO with treasury MEMO/ wMEMO.
If you sell your MEMO/ wMEMO, your hodl streak gets reset!
This mini game will benefit all of us:
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Growing treasury
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Incentive to hold tokens rather than sell => price stability
Protect the ecosystem from harmful operations by whales and other non- frog community members by providing a cooldown timer in governance token acquisition
Committed hodlers benefit from high revenue and a high APY
Just a fun, new and kinda addicting way to earn.
(We can get rid of TIME)
How much APY boost NFT´s are there?
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Nine.
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Every full month of hodling you can mint the next ranked booster NFT.
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Every NFT in the hierarchy´s providing you with an additional APY of +10k.
This will encourage people to hold, and should give committed frogs more power over whales and suits.
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How much of those can be active per wallet?
- Only one NFT provides boost by hierarchy.
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Can they be traded and then be used by other wallets?
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No. As they´re bound to the source wallet of acquisition, there´s no boost for third party wallets.
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They can only be minted by continuous holding of treasury native MEMO/ wMEMO and boost only the wallet that minted them. This will bring ultimate balance to the Wonderland “P2E” system.
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What´s with the remaining lower rank NFT´s?
- You can regard them as collectibles and show off your boosting progress to other frogs.
2. Enable the use of revenue sharing for token holders and reduce the threshold for claiming it to 20 days, in comparison to what “the Professor” proposed (30d)
3. SUSTAIN TREASURY
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Implement an Olympus PRO like service to fill treasury with more funds and help sustain APY. There´s no shame in copying what´s working.
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Replace sOHM v1 with gOHM.
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NO RAGE QUIT OPTION
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Cling together, swing together! As the Professor wrote: “You live by the sword, you die by the sword”. That also refers to everyone who expects to get refunded for being liquidated after leveraging.
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Leveraging´s unhealthy for the DAO in it´s current state, means all these actions need to be terminated until the treasury grows back to at least its ATH state (“Abolish all leverage”).
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Subject to be decided by future treasury manager.
Thank you BIG TIME to “The Professor” for his massive, huge work in compiling all his visions to help all the frogs make WONDERLAND great again!!!
I really appreciated it as a community member
Also credit goes to suraimu#4579 and Pete01#1598 for inspiration
in Time if I would sell now on