Difference between revisions of "WonderlandDAO (TIME)"

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Revision as of 09:30, 2 March 2022

Basics

"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

  • 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

Implementations

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

"ZachXBT forced Sesta into admitting the identity of his CFO, 0xSifu. Michael Patryn, formerly Omar Dhanani, was the co-founder of QuadrigaCX, notorious for their fraudulent activity and the mysterious disappearance of founder Gerald Cotten.

ZachXBT: "I first posted about $TIME back in October after noticing the launch was sniped by CT insiders as well as a secret seed LP. In the following months my suspicions began to build when transparency was poorly executed. Ex: mixing personal wallets with treasury funds, lack of documentation, heavily centralized decision making. Sifu.eth also had a few links to Quadriga."

Team, Funding and Partners

Team

  • From their docs (9-2021):

"Our team is mostly anonymous, born from the DeFi Community."

Funding

Partners

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