Wonderland
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Glossary

APR

Annual Percentage Rate, is the annualized interest rate without taking the effect of compounding into account.

Backing Price

The honored value of wMEMO based on its share of treasury assets. The backing price is calcuated as: Liquid Treasury Balance / wMEMO Circulating Supply

DAO

Decentralized Autonomous Organization, is a governance mechanism for making decisions in a more trustless and collaborative way. Voting rights are often bound to a governance token. In Wonderland the governance token is wMEMO.

Risk Officer

An elected member who is reponsible for evaluating the risks of deployment into farms on a host of protocols, vetting sourced deals, and other strategies. After assessing the Treasury Operators' proposed strategies for risk, the Risk Officer coordinates with the multisigners to execute. This position was defined in [WIP #22].

Treasury Council

A group of elected members who vote on the Treasury Operators' proposals and pass them along to the Risk Officer for safety assessment. This council was defined in [WIP #15].

Treasury Operator

An elected member who has experience in certain areas of investing and whose job is to propose advanced strategies to deploy the treasury and earn returns for token holders. This position was defined in [WIP #15].