How about we compare the snapshot taken for the Betswap and the most current. Only pay to those who held the line.
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If the vote to dissolve the treasury passes, the claiming part of the smart contract should take into consideration when youâve bought wMemo/Time:
- If youâve bought before this whole fiasco you get to claim at backing price
- If youâve bought during this whole chaos you get to claim at the exact price you bought
This way frogs donât get regally fucked by whales, and whales make NO profit.
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AMĂN. This has been a deliberate scam from the start. The guys who got in back in October November etc and have been holding are the ones left ripped off. So can we honestly trust that the treasury could pay us back? Can they also run off with the treasury?
A simple audit by independent third can clarify a lot of things. That should happen at a bare minimum before any vote.
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Wrap this thing up and use the Betswap snapshot as the basis for reimbursement.
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Regardless of whether this project continues or ends investors will want compensation for all the needless stress. I think it would be fair to calculate this compensation by taking into consideration the number of days each address has held wMEMO/MEMO/TIME. Someone who bought at $8K/TIME has held longer, was exposed to more risk, and sustained heavier losses, so their wMEMO should be compensated better than someone who bought at $400/TIME.
Similarly, if the project continues under new management I propose to still compensate users. Use a percentage of the treasury (for example 20%), liquidate those treasury assets to stablecoins and airdrop them to the addresses which held, adjusted to the number of days held (similar to the above).
People who got liquidated during unfair price drop bellow backing price should be compensated by Daniele and Sifu personally, without the use of treasury funds.
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There is absolutely no logic or sense to allowing those who are attempting to profit from the Sifu situation win, as it can be terribly manipulated at the moment. Only those who held the line BEFORE the Sifu situation should be allowed to claim their assets back at backing price. Like it was mentioned earlier, I think itâs much more fair to use the snapshot used for the betswap.gg airdrop to show those who were truly following and backing Wonderland. Everything that has happened since the Sifu âexploitâ has been bad, and rewarding those who took advantage of that is plain wrong.
I want this project to continue personally, but if it has to be wound down then I think it should be done in a fair way to reward those who believed in it before the corruption events. Those of us who paid high prices for TIME/wMEMO are the ones who truly believe in this project after all.
It saddens me that so many people seem to want to give up on this project, as it had/has so much potential. I hate to see it all go to waste and ruin the perception of DAOs for so many more.
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if you plan to wind down u will get the current price. Vote NO and we rebuild wonderland to back up and then you can sell at ATH.
Whales just manipulating the votes so they buy at discount and sell at 1k
You can Vote with wMEMO
You leverage and there is always a chance to get liquidated. Doesnât matter when or how you put your money at risk by leveraging.
If you go to the âWind down Wonderland, and give the treasury back to its holders?â snapshot vote page youâll see this wallet/person is listed as the author and âcoreâ team member.
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How? I only see balance for TIME there.
Given the current situation, we should ask ourselves if we want to continue the project if Dani or the team of Abra and Popsicle is here to help us. Iâm not sure if Dani wants to continue since he is stepping down from sushi too. Maybe he is not feeling so well to deal with this right now, even if weâre going to. Has anyone had the opportunity to write him to see if he wants to stay? The mirror article and the proposal are contradictory. It was not a âfrog nationâ plan. Popsicle and Abraâs team could give us more time for the proposal and not rush it. Many people were liquidated two days ago, and they didnât buy back yet, so they canât vote on the proposal. Sadly, the top 10 wallets participating are wallets that bought time yesterday, except for Sifu, who is the only full wallet voting to continue.
https://twitter.com/squirrelcrypto/status/1487474897584545796?s=20&t=QW7H7EBZCZAk1s0BAUYaMg
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This doesnât have to be a choice between one or the other.
The claim at the backing price can be implemented and those who want out can go as they please.
Those who remain can rebuild from there with what is left of the treasury.
I donât see why it has to be one or the other, it is stupid.
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I have concerns about the notion of a buyback, specifically in regards to people who may are incentivized to take the buyback when they bought their wMemo/Time well below the treasury backing. The long term holders get murdered for cents on the dollar and someone whoâs bought in since there were murmurs of buybacks will make the quick flip for a profit. There must be some equitable way to pull it off.
I still believe the Wonderland project can succeed with some new members on the management team, but itâs not going to be an easy road forward.
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If the vote pulls as close to 50/50 as it has been we may see an option like this arise. Weâre fighting a bigger battle against people looking to flip their recent investments below the backing price.
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Yes, everyone is focused on who got liquidated, but ignoring those of us who were forced to deleverage at a loss in order to prevent further loss. I lost an additional 50% by doing this after already losing 75% due to wMEMO losing value since December.
Solution? Compensate wallets based on their wMEMO balance right before OxSifu was doxxed. This will be a fairer compensation for long-term holders (loyal frogs) and will prevent arbitrage opportunists who are currently buying wMEMO to get a piece of the treasury distribution.
Itâs fine and good to want to help those who got liquidated, but the holders are all set to get left out in the cold after huge losses.
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What about people who sold after he was doxxed? They get their selling price and a buy out?
Where do we vote? I am a little confused here. I do not want to see Wonderland âwindownâ. We have a great opportunity here. Letâs not blow it because of paper hands, please. I am a hodler and dissolving the treasury on a down market goes against my investment values.
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