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.
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.
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.
As rebases have ended, the final ratio is now: 1 wMEMO = 2339.3522 MEMO.
TIME and MEMO were deprecated in January 2022. Please wrap your tokens to wMEMO.
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.
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.
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.
There are no risks of impermanent loss or liquidation from staking on the Wonderland dapp. Usual smart contract risks will apply.
You can harvest your rewards at any time. Keep in mind that AVAX is required for harvesting.
The backing price = (current value of the treasury) / (number of MEMO/wMEMO tokens in circulation).
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