You can integrate time 8n lottery or others
Lol, you can’t give any reason? Sounds like you know a lot, please educate everyone
1 Like
Good point actually, thank you.
And fully agree, another very important reason to stop them.
1 Like
Because each rebase created more memo out of thin air, no matter what usecase you give.
1 Like
Because the ratio of MEMO:wMEMO ratio increases every 8 hrs… it is true what I said.
2 Likes
You don’t make profit. Selling your rebases is the exact same as selling a little piece of wmemo.
1 Like
Also worth adding if you think selling rebases is making you a profit you are selling of tiny bits of wMEMO each time. eventually you will run out of wMEMO. Rebases dont give you anything extra
1 Like
Do it. I’m not sure why people are worried about FUD. It has no impact on Treasury or backing. Could create an arbitrage opportunity when ignorant investors start panic selling.
2 Likes
Stopping rebases would have the same impact for everyone. Not sure how/why you’re differentiating.
They are meaningless right now.
4 Likes
A year minimum pref longer.
2 Likes
Kill the rebase meme, let’s get listen on exchanges with wememo.
2 Likes
This is the way.
Cement ourselves into the future.
Get rid of Ponzi looking APY.
1 Like
He didn’t misinform you. Wether you wrapped when you bought time or collected rebases and wrap now - in the end you’d have the same amount of wmemo.
Unless you “sell rebases” - in that case you’d have less wmemo, ofc.
2 Likes
Changed decision. This is actually a good idea but for the sole reason that it preserves the market share of the holders of Time that did not stake for Memo.
2 Likes
Wise words of wisdom! I agree keep the taps running. Maybe easy to say for some how came in after the fact and filled there moon bags near the bottom
there has to be a great deal of TEAM communication and clear reasons for switching off rebases (I know it is all been talked about, but community will need to go over it again and again to fully understand). otherwise prepare for 50% drop as it happened to every other “ohm fork” who lowered/switched off rebases. switching off rebases (or even slightly lowering them) always result in price decrease.
perhaps have another farming collaboration ready to roll out as soon as rebases switched off to compensate and to still look attractive for new investors.
1 Like
@QXM987 It was sarcasm. Not sure if your message is 
@anykayebyka You may be right. Communication on this will be important. That said, if someone is only in Wonderland for the rebases, we are doing them a favor imo.
As for the price dropping, buybacks can maintain it like it has or arb will raise it for redemption. Just like rebases, the market price of wMEMO isnt always relevant. Especially if you are not trading.
2 Likes
I think generally speaking turning off rebases should not be a huge priority for WL as rebases will automatically wind down once value of TIME goes to $1.
Many arguments on both sides, good engagement is a sign of a healthy DAO.
There is an obvious disconnect between the two opposing views, I believe the disconnect is a function of not understanding the mechanics of the Conversion Ratio of MEMO : wMEMO .
For those opposed to rebases, likely they came into protocol via wMEMO, not via TIME, so rebase of TIME is distraction (loss of income to unconverted/unstaked TIME holders is a superficial argument at best)
For those supporting rebases, likely invested using TIME and not directly via wMEMO/MIM pool on Sushi.
If you are a TIME holder that staked wMEMO, if you want to check your investment value, you’re multiplying wMEMO by Conversion Rate, which is constantly rising, however, the price of wMEMO itself on the charts does not change much.
If you are a wMEMO holder, are you also using the Conversion Ratio or price of wMEMO on Sushi? (Joe has better liquidity and better prices if converting USDC back into wMEMO)
Where people may be confused, is what happens to the Index value AND conversion rate if rebases are stopped or reduced?
What happens if WL decides not to maintain this wMEMO/MIM pair?
Aside from the above, there is a narrative floating around that the protocol has to move away from being an OHM fork for the sake of (something). Why? Everything in DeFi is a fork of something. Rarely do we get something that is uniquely new. Most everything is an attempt at improving upon its predecessor.
1 Like
It is very important imo, if you follow the protocol and the confusion this causes in investors, as well as watch the numbers of wmemo staked - which is frankly just sad.
Turning off the rebases sets a signal and will lead to people leaving, surely - but also nobody else investing that expects a 70k% return.
If we want to be taken serious as a protocol we should start getting rid of the useless gimmicks; rebases clearly the number 1 thing on that list.
3 Likes