IMPORTANT FOR WONDERLAND HOLDERS—SOMEONE SET UP A VOTE ASAP FOR AS FOLLOWS:*
WE NEED TO VOTE TO NOT ALLOW PEOPLE TO GET OUT AT BACKING PRICE. WHY?
Abracadabra is setting up a vote (which will win) where Abra is accepting wMemo tokens in exchange for Spell tokens.
THEY ARE DOING THIS SO THEY CAN SELL wMEMO at the Wonderland BACKING PRICE FOR AN ARBITRAGE PROFIT.
THEY ARE TRYING TO GET THE TREASURY AT A DISCOUNT!!!
We need to vote to DISALLOW RAGE QUIT OPTION!!!
Otherwise we are left with an empty DAO with NO TREASURY!
Furthermore, Dani seems to be promoting this. Not surprised since Abra is also his project, and he stands to gain from it.
For everyone else, wMemo holders will no longer have a DAO, and Spell holders will be extremely diluted by this.
I don’t know if our votes even matter at this point, but if they do, we need to vote to DISALLOW RAGE QUIT.
Allowing Rage Quit Allows Abracadabra to Buy Our Treasury at Backing Price, Arbitraging the Price.
Read you loud and clear. Do you have link to proposal?
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