As some of you may know Jade Protocol published their roadmap earlier today (12/31; JADE’s War Path to a $1,000 Price Floor | by SmartCoin | Dec, 2021 | Medium) in which they outlined their plans moving forward in creating the first DeFi VC fund. In this article they take shots at Wonderland’s $TIME backing price, however, they point they make is fair. How safe is this backing price per $TIME actually and what does it guarantee?
I have no question that Daniele, Sifu, & team know what they are doing, however, it can’t be ignored that in the event that $Time’s backing price is tested it could be of great detriment to the longterm health of Wonderland.
With many great projects emerging in the DeFi space competition is inevitable, however, right now we have an opportunity to affordably reduce some of that noise rather than compete with it.
Currently, $JADE’s unstaked circulating supply sits at around 14% and it’s market price is at around $60 and increasing steadily. If Wonderland were to allocate $5-6M from its treasury to securing some of this available $JADE, I think it could be an incredible move towards building out some of Wonderlands own utility while providing us more time to continue in a positive direction.
A move like this would show solidarity amongst the DeFi community and would be refreshing to see amongst all the twitter drama we’ve seen unfold between so many different projects recently. I believe that Wonderland’s community along with the Frog Nation are the heart of DeFi, and that we have responsibility to support our fellow projects rather than compete with them. Our mission isn’t to defeat each other it’s to defeat the suits so that may all prosper together.
$5-6M is a small portion of our treasury, however, it would afford us almost 10% ofJade Protocol’s entire circulating supply. Imagine us consolidating our efforts rather than competing with one another. We know that both the Wonderland and Jade Protocol teams have incredibly huge balls. Now imagine Danielle, Sifu, & Einstein combining forces to some degree and working together rather than against.
Remember, Wonderland is the DeFi Fund segment of Daniele’s host of projects. Holding $JADE could be a smart move and can create opportunity for our other projects as well. Moves like this not only help increase the health of Wonderland, they boost Abracadabra’s and Popsicle.Fi as well. This could potentially mean more MIM cauldrons and more Popsicle utilization. Overall, this would fall in line with a lot of our goals and would be a major move forward into 2022— Let’s (,) together.
Please, I implore you all to read the entire Jade Protocol medium post, if you haven’t already (I’ll link it one more time at the bottom). Think this over and let’s try to reach a consensus fast. Thanks for reading, much love, and I wish you all a happy New Year!