Wonderland
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FAQ

Who is currently part of the Wonderland team?

The elected team currently part of Wonderland, were voted in by the DAO in [WIP #6], [WIP #15] (15.1, 15.2), and [WIP #24]. These people are at present : Alice, Bamchicka, Catalyst, Deal, The Ferengi, Gin’n’Sonic, Nal X, Ruian, Sifu, Smilbur, Wilson and Yaksha.

Who are on the Treasury Team and what are their tasks?

The current Treasury Operators are Deal and Ferengi. They propose strategies for the Treasury Council to vote on. The Treasury Council is currently made up by Alice, Catalyst, Gin’n’Sonic, Ruian, and Wilson. They vote on Treasury Operators proposals, which must meet a 4/5 majority to proceed. Approved strategies are then passed to the Risk Officer to be assessed for risk. Sifu is the interim RO. Vetted and approved strategies are passed on to the multisigners for execution.

Who is on the DAO multisig?

The current members of the multisig are Nal X, Vayu, SkyHopper, Dafacto (Head of Product at Aurora), and an anonymous, neutral, third-party signer that has been internally doxxed.

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 Harvest?

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

How is the Backing Price calculated?

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

Where can I buy/sell wMEMO?

We recommend using Kyber to swap your tokens!

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