definitely those transactions belongs to the blockchains and are visible to everybody.
The team should provide us the real entity of the treasury, because we have no access on that without doing a proper investigation on the cash out during liquidation. What I know there must be missing at least what it is described here:
“The news of Dhanani sending millions to Tornado cash was spread on twitter shortly after the transactions posted.”
"Dhanani split the 2,000 Eth in 100Eth transactions and sent 20 separate transactions to Tornado Cash.
The speculation is that Dhanani is laundering this money through Tornado Cash in order to make it untraceable. Once he withdraws it into different wallets, it would be very hard for anyone to claw back."
You did not read what I wrote at all.
Its about including a safe rage-quit since everyone is divided. Its an option to the already existing proposal.
Allow me to clarify;
There is a jar of cookies with 8 cookies. There are 30 kids who all want a cookie. Instead of splitting the cookies, the 30 kids work together to bake more cookies for everyone. Simple.
My proposal was NOT POLITICAL if you had actually read what I was saying
Are you referring to RAGE-quit? SO you advise to sell wMEMO and than we have to give a try to regain the losses with AVAX?
You don’t describe at all how to “generate” these new cookies:
Buying AVAX? So you are relying in a price increase at least at its ATH?
So this is using the same pool with the same “people” that created the problem at the first place. This is a trust we don’t feel to give, sorry.
Explain better for the rest of us.
Because besides exchanging wMEMO with MIM, there are no other token available on the only exchange available. So we are stucked
Then there are other stables in their like USDT and USDC
THAT is where we would allocate from. To increase the value of the treasury by providing addition yield that otherwise is “stable”. Again, look at avax now. If we had taken a break from the politics and used our treasury to generate more money, then people start to feel more secure about others leaving the project.
If Avax hits even $90, then if my proposal was actually paid attention to, then in that week that I had proposed this, we would have increased our yield on that investment by 27%. $20,000,000+27%= $25,400,000.
We would have generated another 5million in to the protocol that otherwise wouldn’t be there because our tokens are STABLE. I’m not talking about using ALL of our stable tokens, just 1/5 of the amount that Dani had sold FROM AVAX TO BEGIN WITH and reallocating it back in.
$5,400,000 in a week.
Now that sounds like a reasonable amount to start considering the rage-quit option more seriously.
But perhaps I’ll just shelf this for when all of this blows over.
This case is nothing to do with ideology. We should examine the quitters claims and arguments and come up with a cost-effective settlement ASAP, so that true believers and winners can stay to revive Wonderland.
The quitters’ arguments and claims:
The founder and development team admitted that this OHM Fork Wonderland project was an experiment failure because the original purpose of the project was mainly for fund raising. The high APY was designed as a gamification to attract investors to build the treasury not sustainable long-term.
The broken trust among holders ensued from the liquidation scandal, a failed merger proposal, the Sifu Gate scandal and the hopeless promises from Wonderland team.
Many long-term holders claimed that Wonderland treasury was derived from their initial investment but Wonderland project no longer can fulfill its original promise which was simply a gamification for falsely infeasible hope.
The quitters’ claims are legit, we just need to come up with a Cost-effective approach to settle the indignation.