Hi everyone. I have a question about TIME / MEMO. The site has changed, the option to buy TIME no longer appears, only wMEMO. Even the calculator - though not quite accurate but fun - is gone. The TIME price is no longer displayed. Will I lose my Times? What will happen? And What I suppost to do?
I suggest you listen to yesterday’s AMA. I’m sure you can find it somewhere one youtube it was a wMEMO AMA.
In short, you wont lose anything, you’ll just need to wrap and deal with wMEMO now instead of TIME.
So…withdraw what I have from TIME and staking wMEMO…right?
On the web site in the staking section there is a WRAP option. WRAP your TIME/MEMO and it becomes wMEMO.
No. Hopefully you have MEMO and not TIME. Just go to the Wonderland website and wrap it (top right).
Yes…I have MEMO, not Time
Done! Thanks for all your help
I have some memo in staking process right now. If I buy some more wmemo, will it automatically add to my already existing balance?
Can I also still buy time token at traderjoe as it was before? I am a bit confused by all the changes.
Would appreciate some help.
I am new here. I had the same issue as Avantgarde83. Do I have to wrapped my MEMO? Why? What if I don’t wrap my MEMO?
After wrapping my MEMO, can I still see the “Next Reward Amount”, “Next Reward Yield”, and “ROI (5-Day Rate)” on my Time staking page?
Can someone explain this? Thanks ahead.
You can hold then seperatly or wrap/unwrap one of the other yes.
They will both get staking rewards in their own way.
@diulay you maybe only approve and need to do again to wrap.
I need to understand better how it works. I did the Wrap, but after a day, my MEMO amount stayed the same. Staking doesn’t seem to have happened. With TIME, the return in units is visible. How to understand this? Any documents anyone can point to?
I think you only see it when you unwrap again since wmemo doesn’t stake, but the value increases over time…which is basically the same.
Basically what @Avantgarde83 said.
Amount remains the same, but value increases. Look at the MEMO:wMEMO ration to see it increase.
read the red info at the bottom right… you need avax bro
you need at least 0.1 AVAX