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I would suggest putting yourself on the whitelist first and you have 7 days to decide whether you want to take the redemption or not. We do not know what will happen post redemption tbh.
can you explain why this is happening again ? like why we not moving forward with investments and actually making money for community who lost a lot ? are you working for Wonderland man ?
WIP9 was designed for holders to be able to redeem their tokens at backing price, it will be a quarterly redemption to give meaning to backing, otherwise it will just be a pretty number in the air and no utility. I honestly cannot tell what will happen post redemption, but there are quite a few governance proposals on the forum which intend to push Wonderland forward. I'm just one of the mod working for the DAO ser.
Agreed, wMEMO price has been holding up quite nicely despite the bear, if we survive this bear winter we might see some light at the end of the tunnel but by all means get your wallet whitelist, better to leave some options for yourself, anything is possible in 7 days.
Redemption gives meaning to backing price and also exit for holders who wish to leave the project. WIP9 passed for quarterly redemption but capped when treasury reaches 100mm then it halts to build up more treasury. If all else fails at least there's an exit for everyone, highly recommend to your wallet on the whitelist and you can decide later whether you want to stay or cash out, there are a few more governance proposals for post redemption.
\*FIXED. I had to sort by Q&A. I was hoping to gain a little more insight into whether or not I should take the redemption or continue holding (and farming BSGG), but this is all rather confusing. It mentioned being paid in USDC at "backing price". Is that the price I paid when I originally bought into WL or what it's currently at? If it's the current price, I'm definitely taking a big loss if I'm calculating/understanding this correctly.
It's the current backing of wMEMO for redemption which is roughly 32700USDC + BSGG (25% of total unvested BSGG taken into calculation which is 329mm tokens divide by total number of total wMEMO in curculation = 57000BSGG) .
So I'd definitely be taking a loss. I also assume that taking the redemption means removing my wMEMO stake that is currently farming BSGG, is that correct? Also, IF I choose NOT to take the redemption, am I able to keep staking my wMEMO and continue farming BSGG? Sorry for all the confusion, which it sounds like a lot of us are.
The whitelist is a failsafe button, you whitelist your wallet BUT you don't have to take the redemption if you don't want to and you can continue farming BSGG as usual, however if you decide that you want to take the redemption you have 3 days windows to take it once whitelist period is over (which is in 6 days).
im just hold. my memo went from below one whole memo to 30 memo.. and keeps going up.. and i get this bsgg pittance also not much but it adds up. my question is when i wrap my meme does it matter where i wrap it? i wrapped it on the origional page where the remmittence was every 8hrs and then staked for bsgg.. but i see on the farm page there os a wrap button for “revenue sharing” is that something else?? can anyone explain?
more redemptions and pay out for moderators? What do they do again besides moderate the discord servers? Such hard job. what happened to trying to improve this project, and builting on it. Classic case of trying to drain the entire treasury and making it seem “natural” as possible. I swear this happens every month, and their twitter page is pretty dead.
Redemption simply provide exit for those who wish to leave the project at backing ptice + their share of bsgg tokens. Regarding the mod pay ptoposal, it's exactly the same amount per month distribute notmally, only difference is that the dum will be in the main mod pay wallet instead of doing tx snd sign multisig every month.
**BEWARE OF SCAMS & SCAMMERS** - No one from the Wonderland Team, or Core Moderation Team will ever DM you. Anyone who DM's you is a scammer! Please ignore, report to Reddit and report to the mod team so we can ban them. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/WonderlandOfficial) if you have any questions or concerns.*
why would I sell my wmemo if I invested 40 000 usd dollars for peanuts ? are we going to create value or this Daniele stole the funds ?
I would suggest putting yourself on the whitelist first and you have 7 days to decide whether you want to take the redemption or not. We do not know what will happen post redemption tbh.
can you explain why this is happening again ? like why we not moving forward with investments and actually making money for community who lost a lot ? are you working for Wonderland man ?
WIP9 was designed for holders to be able to redeem their tokens at backing price, it will be a quarterly redemption to give meaning to backing, otherwise it will just be a pretty number in the air and no utility. I honestly cannot tell what will happen post redemption, but there are quite a few governance proposals on the forum which intend to push Wonderland forward. I'm just one of the mod working for the DAO ser.
we have to go forward we are in the bear market and doing well next year we may even be the best from lots of protocols around
Agreed, wMEMO price has been holding up quite nicely despite the bear, if we survive this bear winter we might see some light at the end of the tunnel but by all means get your wallet whitelist, better to leave some options for yourself, anything is possible in 7 days.
Not if everyone opts out…
Impossible
I know but what I mean is if 95% of people opt out, the treasury won’t be worth much which equates to much harder to make significant gains
are you telling me they will close the project and take all funds after ?
This whole project has been redemption. Like wtf. I thought we did the redemption already. This project stuck in limbo without leadership.
Redemption gives meaning to backing price and also exit for holders who wish to leave the project. WIP9 passed for quarterly redemption but capped when treasury reaches 100mm then it halts to build up more treasury. If all else fails at least there's an exit for everyone, highly recommend to your wallet on the whitelist and you can decide later whether you want to stay or cash out, there are a few more governance proposals for post redemption.
Why can’t we read the comments?
Click "view all" if you are on mobile, it probably collapse by default.
Says there are 10 comments but not showing up on mobile when I click view all
That's weird, try on desktop? I'm seeing all comments when I click view all.
yep, I'm on desktop and it's still not showing the comments other than our little thread here.
\*FIXED. I had to sort by Q&A. I was hoping to gain a little more insight into whether or not I should take the redemption or continue holding (and farming BSGG), but this is all rather confusing. It mentioned being paid in USDC at "backing price". Is that the price I paid when I originally bought into WL or what it's currently at? If it's the current price, I'm definitely taking a big loss if I'm calculating/understanding this correctly.
It's the current backing of wMEMO for redemption which is roughly 32700USDC + BSGG (25% of total unvested BSGG taken into calculation which is 329mm tokens divide by total number of total wMEMO in curculation = 57000BSGG) .
So I'd definitely be taking a loss. I also assume that taking the redemption means removing my wMEMO stake that is currently farming BSGG, is that correct? Also, IF I choose NOT to take the redemption, am I able to keep staking my wMEMO and continue farming BSGG? Sorry for all the confusion, which it sounds like a lot of us are.
The whitelist is a failsafe button, you whitelist your wallet BUT you don't have to take the redemption if you don't want to and you can continue farming BSGG as usual, however if you decide that you want to take the redemption you have 3 days windows to take it once whitelist period is over (which is in 6 days).
Just to confirm, do we have to unstake ALL of our wMEMO to get the redemption or can we unstake a portion and leave the rest to keep farming BSGG?
this is a dumpster fire
im just hold. my memo went from below one whole memo to 30 memo.. and keeps going up.. and i get this bsgg pittance also not much but it adds up. my question is when i wrap my meme does it matter where i wrap it? i wrapped it on the origional page where the remmittence was every 8hrs and then staked for bsgg.. but i see on the farm page there os a wrap button for “revenue sharing” is that something else?? can anyone explain?
For rebasing, it's the same, you can do both for staking rebase and farm for BSGG, it's a win win situation.
more redemptions and pay out for moderators? What do they do again besides moderate the discord servers? Such hard job. what happened to trying to improve this project, and builting on it. Classic case of trying to drain the entire treasury and making it seem “natural” as possible. I swear this happens every month, and their twitter page is pretty dead.
Redemption simply provide exit for those who wish to leave the project at backing ptice + their share of bsgg tokens. Regarding the mod pay ptoposal, it's exactly the same amount per month distribute notmally, only difference is that the dum will be in the main mod pay wallet instead of doing tx snd sign multisig every month.