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.

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].