WonderlandDAO (TIME)
Basics
- Based in:
- Started in / Announced on: 2-9-2021
- Testnet release:
- Mainnet release:
- Olympus fork.
- From their docs (9-2021):
"Wonderland is the first decentralized reserve currency protocol available on the Avalanche Network based on the TIME token. Each TIME token is backed by a basket of assets (e.g., MIM, TIME-AVAX LP Tokens etc etc) in the Wonderland treasury, giving it an intrinsic value that it cannot fall below. Wonderland also introduces economic and game-theoretic dynamics into the market through staking and minting."
History
Audits & Exploits
- Bug bounty program can be found [insert here].
- From their docs (9-2021):
"Wonderland is currently unaudited! It is a fork of Olympus DAO on the avalanche Network, audits will occur at a later stage."
Bugs/Exploits
Governance
Admin Keys
DAO
- From their docs (9-2021):
"Currently most of the decisions are taken by the core team, but we expect to be able to turn this into a DAO-governed model as soon as possible!"
Treasury
"We are an OHM fork, the first of which has OHM’s blessing due to our team's good long-standing relationship with the OHM team. 33% of our Reserve bonds will be used to buy and stake OHM, we currently own around 450k of OHM."
Token
Launch
Token Allocation
Utility
Other Details
Stablecoin
Coin Distribution
Technology
- Whitepaper can be found [insert here].
- Code can be viewed here.
Implementations
- Built on: Avalanche
How it works
"Each TIME token is backed by a collection of assets such as TIME-AVAX-LP tokens and $MIM that are found in Avalanche treasury, thereby giving it an intrinsic value."
- From their docs (9-2021):
"At a high level, Wonderland consists of its protocol managed treasury, protocol owned liquidity, bond mechanism (minting), and high staking rewards that are designed to control supply expansion.
Bonding in the "Mint" page generates profit for the protocol, and the treasury uses the profit to mint TIME and distribute them to stakers. With LP bond, the protocol is able to accumulate liquidity to ensure the system stability."
Fees
Upgrades
Staking
"Users stake TIME tokens on Wonderland website and earn rebase rewards, which come from the sale of bonds. These rebase rewards can vary based on reward rate set by the monetary policy and the number of TIME tokens staked in the protocol.
Those who stake $TIME receive an equal amount of MEMOries. The MEMOries balance automatically rebases at the end of every epoch. The MEMOries are transferable and also composable with other decentralized finance protocols."
Liquidity Mining
Scaling
Interoperability
Other Details
Oracle Method
Privacy Method
Compliance
Their Other Projects
Roadmap
- Can be found [Insert link here].
Usage
Projects that use or built on it
Competition
Pros and Cons
Pros
Cons
Team, Funding and Partners
Team
- Full team can be found [here].
- Multiple multisig signers of Abracadabra.money are part of the WonderlandDAO (9-10-2021). Plus the github of Wonderland is on the Abracadabra github website.
- From their docs (9-2021):
"Our team is mostly anonymous, born from the DeFi Community."
Funding
Partners
(:
Knowledge empowers all and will help us get closer to the decentralized world we all want to live in!
Making these free wiki pages is fun but takes a lot of effort and time.
If you have enjoyed reading, tips are appreciated :) This will help us to keep expanding this archive of information.
