Wonderland
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FAQ

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
    • Treasury Operators: Deal and The Ferengi
  • 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.

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?

As rebases have ended, the final ratio is now: 1 wMEMO = 2339.3522 MEMO.

What about the TIME token?

TIME and MEMO were deprecated in January 2022. Please wrap your tokens to wMEMO.

What about rebases?

Rebases were stopped as part of [WIP #17] on the 13th of August, 2022.

Should I wrap my MEMO?

You are not required to wrap your MEMO but once you do there is no way to unwrap.You will need to wrap first before utilizing your token:
  • wMEMO has the most liquidity for swapping.
  • wMEMO can be bridged cross-chain to Ethereum and Fantom.
  • You must be holding wMEMO in order to stake in the Farm for rewards.

How do I wrap my MEMO?

Enter app.Wonderland.money and connect your wallet. Click the “WRAP” button in the top right corner. Input the MEMO amount you want to wrap. You will need some AVAX for transaction fees. Approve the transaction. Click again to confirm the Wrap. Import the wMEMO contract address into your wallet.

How do I use the Farm to receive staking rewards?

First, you will need to be holding wMEMO. Enter app.Wonderland.money and connect your wallet. Click the “Farm” tab on the left sidebar. Enter the amount of wMEMO you want to stake and click “Approve”. Then click again to “Stake”. Make sure you have a little AVAX for gas.

Are there any risks if I stake for Revenue Share?

There are no risks of impermanent loss or liquidation from staking on the Wonderland dapp. Usual smart contract risks will apply.

How often can I Claim?

You can claim your rewards at any time. Keep in mind that AVAX is required for gas.

How is the Backing Price calculated?

The backing price = (current value of the treasury) / (number of wMEMO tokens in circulation).

Where can I buy/sell wMEMO?

We recommend using Kyber to swap your tokens!

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