I, too, do not want a “windown.” But, if it comes to that, I’m worried about what I could anticipate? Is the backup price applied just to your wMEMO or also to the rebases you’ve collected over time?
same applies to investing in 80000% APY Ponzi. You should know the risk too
Where can i find some guide how to sell my WMemo for the backing price?
And do I correctly understand that backing price the same as at the website dashboard?
Unless your a whale your not getting anything back by voting to close wonderland the whales will make 40% to 50% profit while you will take a 90% loss congratulations put a quarter in your ass because you played yourself
1 Like
I think the community who wants to shut down this protocol has probably already recovered their invested money when the price was at the peak. But, shutting down Wonderland where people trusted this dream protocol so much that they have invested a lot might have to face a big loss. Just because of one criminal involved.
I vote to replace the CFO. Probably CFO of any
other successful protocol can step in and take care of the Treasury.
3 Likes
terrible decisions were never made, sifu did so well people voted to keep him in charge
theres no one managing the treasury because idiots wrecked the train before thinking
the whales stepped in because they smell death
the community is at odds because there really was no community
and leveraged idiots are getting rewarding because squeeky wheel gets the oil
1 Like
if the proposal is completed and the votes are to wind down the treasury, should I sell my Wmemo after the snapshot?
unbelivable how this vote is being manipulated
this address bought MEMO few days ago with MIM on loan from abracadabra. It weight is 12k TIME !
Well played by someone.
Attention Frogs: Someone is making us all look like total fools.
Snapshot time is completely wrong. This voting is wrong. This proposal is being manipulated. This whole shitshow was orchestrated.
Frogs are not allowed to have nice things. Fuck suits. Don’t unwind.
12 Likes
No UNWIND before last 30 day audit ALL transactions (!). At the end this will be labeled as an experiment and frogs will have to regroup in a new project or ressurect the first cruisified frog king… unless victims of some shakedown team could have handled this broad based attack better if they wanted, That is worrisome to me. Where is the added value of having such a treasury and due to reputation slips shittier acces to new deals pipeline? Radioactive and headless… Otherwise the experiment will end like all such experiments before. One big exception however, in this case something was left and one way or another the experiment showed us primarily that governance compounds grandiose delusions from founders to investors alike.
1 Like
can you show your calcs to back that up?
So I think we’re in agreement then that WL is not fundamentally solid.
I have to agree. No recent buys get backing. Has to be before sifu announcement and still holding.
The proposal just said getting back what they are entitled to. It doesn’t say what that entitlement is. This is flawed. I know what I think I’m entitled to but you probably don’t agree. This proposal shouldn’t be voted on until the entitlement is clear. There are too many loose ends. Will there be vote on what the entitlement is?
3 Likes
Can someone elaborate on Dronezilla’s comment :
- The “backing price” is not a true number of payout you would receive in this instance. The backing price includes the LP’s for TIME and wMEMO. You have to exclude the TIME/wMEMO values from the treasury. This results in a MUCH lower value for payout. Why would they not already give the information in the proposal of price/MEMO to refund? Because they know its a shit number and less people would vote for it.
If this is the case…then why not sell out now while the value is higher than the backing price?
And if someone votes, then sells…
2 Likes
yes for the most part except that the management made bad decisions they were rocking it im my opinion, but that just my opinion
1 Like
No it’s at backing price so we should vote no instead of closing down at a huge loss
2 Likes
Read up about whats happening. If you sell your bag now, your screwing yourself.
2 Likes
Here is a quick reminder of rule 6 of how the governance process works: “6. To give the community enough time to research and discuss the WIP, it should be up for at least 4 days, before an official Snapshot Vote can be submitted. A snapshot vote does not always need to be posted by the original WIP author, it can be posted by someone else or by the core team in case the minimum threshold of TIME / MEMO is not being met.”
Based on rule 6, this Snapshot Vote is not valid. If we assume it is valid, it only shows that the community wants Wonderland to stand stronger after this obstacle. Note that the community is mainly made of the frogs who almost entirely voted NO. Together we stand, divided we fall.
Daniele, I understand how stressful these days could be for you. This vote proves nothing but the fact that the community - that you and the frogs strive to make - wants you to continue to stand strong. We feel for you, we admire you, let’s stand our frog-ground.
3 Likes
Not sure to be quiet honest. I am already down about 80% or more on this. I want to see it through.
I feel like this vote came too quickly after the chaos. Emotions are still high and many people have taken a break from this space just to calm down and deal with the mess we’ve all ended up in
2 Likes