We need to come together as frogs and establish a foundation to take our first leap towards the future.
To do that we propose a high-level plan of 4 phases:
- Phase 1: Govern
- Phase 2: Engage
- Phase 3: Strategy
- Phase 4: Grow
Phase 1: Govern
We want to empower us, the frogs. All key decisions will be run through the DAO. Your vote decides which investments are made, which team members are hired or fired, and all other important changes in Wonderland.
To enable us to govern the DAO we’ll need to adjust a few things:
- Responsibilities — we need to make clear what has to by ran by the DAO and which decisions can be made by the team.
- Voting procedure — for the things that need to go by the DAO we’ll have to implement a strict procedure that details how we go from idea to implementation.
- Community engagement — we’ll need to clean up the forum and be more strict in forum moderation.
- Voting weights — we have to make some adjustments to voting itself. Votes get dominated by the large players, we want to move to quadratic time-weighted voting to give the little frogs a louder voice.
Second, we need to have a look at the internal organization of Wonderland. We can’t be dependent on single individuals for crucial decisions. So, we want to install an oversight committee & advisory board. They will make sure that Wonderland stays in-line with the decisions of the DAO. Their main responsibilities is safeguarding the long-term stability of Wonderland.
Phase 2: Engage
As mentioned, the goal is to empower the frogs. Wonderland’s biggest resources is not its treasury, but rather our community.
By engaging the community throughout the protocol’s evolution, we have the potential to pick from the minds of hundreds of thousands of frogs. Together we are stronger and together we can thrive. The changes suggested in the governance model will facilitate the sharing ideas and promote community engagement to ensure we come out on top with the best proposals.
Communication and transparency with the frogs will be a priority to ensure that our vision is clear and that things are moving forward with promises that we can be accountable for and a clear, aligned agenda.
This means regular AMA’s, higher visibility of the team and over-all more two-way communication.
Phase 3: Strategy
Treasury management has been a hot topic recently. We believe a decentralised treasury management model is the solution to concerns that have been raised. What does that look like?
We’ll no longer have a single treasury manager, instead we’ll have an oversight committee, a financial officer and a whole bunch of small investment managers.
Investment managers — Any person or team can submit a proposal to manage part of Wonderlands treasury. When approved their results and behaviour are closely monitored.
Oversight committee — The oversight committee keeps a close eye on all investment managers. They make sure that the investment managers stay in-line with the DAO’s decisions. They can pull the treasury capital from investment managers at any time
Financial officer — The financial officer is responsible for the day-to-day operations regarding all Wonderlands finances. Just like the investment managers, the financial officer too is monitored by the oversight committee.
Phase 4: Grow
Once we have a stable and smoothly running DAO, it’s time for expansion. At that point, it should be clear that Wonderland is still alive and well and that our past no longer define us. Wonderland will be a rising phoenix who overcame adversity to be successful.
In the growth phase we’ll see increase of marketing budgets and community outreach. Wonderland is here to help all the frogs and we will be a giant in DeFi.
It will be easier to attract new investors and shift our focus to attracting more capital to ensure a proper redistribution to the frogs who helped make this resurrection a success.
*We’ve made a rough draft of an actionable plan to get Wonderland through these four phases. You’ll find a lot more details there. The plan is our best-effort, each part of the plan will have to be refined by community committees, before their separate proposals can be voted on by the DAO. *
Please read our full proposal here: Wonderland 2.0. A strategized move forward | by Wonderland 2.0 | Jan, 2022 | Medium
- Yes let’s make Wonderland 2.0 happen!
- No keep Wonderland as it is!