What is the difference between MEMO and wMEMO?
MEMO is the unwrapped version of wMEMO and the staked version of TIME. wMEMO is “wrapped MEMO”. This token represents your full, undivided share. wMEMO is multichain, available cross-chain on Ethereum and Fantom. In order to participate in Revenue Share, you are required to stake wMEMO on the “Farm” tab of the Wonderland dapp.
What is the current ratio between MEMO and wMEMO?
Rebases were stopped as part of [WIP #17] on the 13th of August, 2022. As rebases have ended, the final ratio is now: 1 wMEMO = 2339.3522 MEMO.
What is Wonderland?
Wonderland DAO is a DeFi protocol focused on venture capital investments, yield maximizing market strategies, and expanding the utility of the Web3 and DeFi ecosystem by building custom investment products and partnering with growing projects that lay foundations for the future.
Members represent their vote in the governance of the protocol and access their share of the treasury with our native token, wMEMO. Each wMEMO token is backed by a basket of assets in the treasury, a fluid portfolio managed by the community and expert traders elected by the community to seek out the most lucrative and effective strategies in the ecosystem.
Wonderland DAO works to grow the intrinsic value of each wMEMO through market participation to provide long term value accrual, but also provides a continuous stream of tokens to members who stake their wMEMO into The Farm. As our strategies generate new assets, a portion of these new tokens are distributed to members through the farm so members can utilize these assets themselves - providing a unique opportunity for new investors to gain experience interacting with the market alongside us.
What is the point of Wonderland?
Build capital and deploy it. Distribute the benefits to members and enjoy the ecosystem we helped build together.
How does Wonderland works?
Wonderland is a decentralized autonomous organization controlled by its governance token, wMEMO. To participate in the DAO, users need to buy wMEMO tokens from the open market. These tokens can be used to vote on protocol proposals and direct the future of the project. They can also be staked in a revenue sharing contract to benefit from the treasury performance.
1. Purchase wMEMO
To join the DAO, purchase wMEMO on the open market. You can find a trading pair on KyberSwap on the Avalanche Blockchain.
2. Revenue Stream
To benefit from the DAO’s treasury performance, stake your wMEMO in the Farm. wMEMO holders will periodically receive token streams.
3. DAO Governance
wMEMO holders can participate in Wonderland DAO governance. Active participants can voice their opinion and vote on capital allocations and Wonderland Improvement Proposals.
Who is currently part of the Wonderland team?
In January 2023, the DAO voted to establish a new management structure.
- Visionary: 0xSifu
- Communications Officer: Alice
- Compliance Officer: Nal X
- Financial Officer: ruian
- Operations Officer: Bamchicka
- Technical Officer: Catalyst
See [WIP #32] for more information on this proposal and the current management structure.
Who is on the DAO multisig?
The current members of the multisig are Dafacto (Head of Product at Aurora), SkyHopper (former Wonderland TM and head of Bastion Trading), Vayu (Wonderland comms team), Dark Knight (senior active community member), and two anonymous, neutral, third-party signers that have been internally doxxed. It is a 3/6 multisig on all chains.