Wonderland DAO

The Mission

Wonderland ↗ is the first decentralized cross-chain reserve currency protocol 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.

Wonderland aims to empower the community with tools and guidance in order to craft proposals and take decisions on specific subjects.

In order to create concise, clear and unambiguous proposals, a framework was created to engage the community and accelerate the road from discussions to active governance proposals.

Their Development Team wants to create a consistent and controlled path towards improving Wonderland. Therefore, they focus on preventing hastily prepared, low quality features which do not fit in the roadmap of Wonderland.

Due to the token distribution, all stakeholders have the opportunity to voice their opinion and direct Wonderland through governance proposals. The team does not own the majority votes and relies on the community to push the protocol forward.

Their Values

Wonderland's goal is to build a policy-controlled currency system, native on the AVAX network and then bridged across different chains, in which the behavior of the TIME token! In the long term, we believe this system can be used to optimize for stability and consistency so that TIME can function as a global unit-of-account and medium-of-exchange currency. In the short term, we intend to optimize the system for growth and wealth creation.

Expansion using Mints

After launching the protocol on Avalanche, Phase 1 of Wonderland was initiated. This phase focused on community growth and treasury diversification. In order to achieve a strong foundation the Bonding process from OlympusDAO (Minting process on Wonderland), was adopted to grow Wonderland’s treasury.

A variety of tokens, including LP tokens were offered in the minting process which allowed users to exchange discounted TIME on Wonderland.

Phase 1 and the use of the Minting process successfully grew the treasury and community into one of the biggest DAOs

Actively managing the treasury continues to grow the DAO by deploying its funds in a variety of yield generating opportunities. The token distribution has resulted in one of the most diverse and fair launched DAO’s to date with the team holding less than 5% of the token supply. Paving the way for the community to take over the protocol.

Governance

In order to create concise, clear and unambiguous proposals, a governance framework was introduced in December 2021. Phase 2 of the protocol aims to empower the community with tools and guidance in order to craft proposals. These proposals include funding new projects, electing treasury management and making decisions which shape the future of the protocol.

Capital Deployment

This is another phase of Wonderland, that focuses on using the treasury to deploy capital in early projects and create value for the DAO by tapping into a multitude of industries.

A diverse set of investments from NFTs, P2E and gaming, to infrastructure such as liquid staking and defi products are actively pursued. Building up a portfolio across the board is bringing additional opportunities and revenue to the DAO.

Eliminating Dilution

The Wonderland treasury has successfully grown to $1B USD. The treasury has acquired a well diversified basket of assets, which are being used to generate yield and invest into early projects. While the Mint function is an excellent way to attract assets to the treasury, it does come with a token dilution which overall creates downward pressure on the price.

This new update to the Mint mechanism, completely eliminates the dilution and an instant stabilizing effect can be seen on the wMEMO token price.

Remember, this new change does not affect rebases. Rebases continue to occur since they are considered non dilutive inflation!

Sine the 4th Phase of Wonderland's Fundamentals has already been completed, no more tokens are being minted and sold at a discount. The wMEMO supply becomes capped and dilution ceases to exist in the protocol.

Multichain

Wonderland already deploys capital for projects as well as yield on multiple chains. In an ever growing ecosystem of L1’s and L2 solutions, Wonderland needs to grow as a multichain protocol. Since the initiation of the 5th phase of Wonderland's fundamentals... Wonderland began to focus on strengthening the protocol’s presence on several chains. Token liquidity to make the protocol tradable across the most popular blockchains will set a new foundation to increase composability and create new possibilities.

Since then, several new token mechanisms and strategies have be implemented through the governance process. A token burn event is one of these referenced token mechanisms [RFC] Proposal, which can be implemented as a WIP, to allow the community to take control over the token supply and reduce it further to increase its value.

Wonderland Investments

Betswap.gg

Betswap.gg is a truly decentralized and permissionless peer-to-peer matching engine of bets.

This decentralized sports trading exchange connects makers and takers globally to allow bets on all sporting and e-sporting events.

Liquid Staking Product

Wonderland funded its own liquid staking solution for the Avalanche and Fantom network.

Wonderland Development Team plans to build and launch this product on testnet in February 2022, with a targeted Mainnet deployment in March 2022.

Gaming

The DAO is aiming to position itself in the quickly growing play to earn gaming industry.

NFT

In 2021, users have sent at least $44.2 billion worth of cryptocurrency to ERC-721 and ERC-1155 contracts. Wonderland looks to actively participate and invest in NFT projects, including infrastructure.

DeFi

The DAO is constantly looking for new opportunities in defi. Wonderland is actively building new money legos and taking advantage of new vault opportunities.

Layer 1 / Layer 2 Infrastructure

Investing in the foundation of L1 ecosystem and promising new L2 solutions.

Wonderland Strengths

Wonderland DAO’s investment thesis is based on four components. Together they build a robust treasury strategy ranging from high-yield/low-risk stablecoin positions, to early stage token investments.

The DAO actively funds and builds new projects, trades top defi tokens as well as major cryptocurrencies.

Strengths:

1. High Yield Strategies:

2. Early Stage Opportunities

3. Treasury Management

4. Strong Ecosystem Partners

High Yield Strategies

Using Wonderland's Development Teams deep crypto knowledge and strong network, unique high yield strategies are being built specifically to the treasury’s needs. This is consistently outperforming similar existing strategies.

Early Stage Opportunities

This DOA is actively managing exposure to early stage protocols. The deal flow is assessed by the community on Wonderland's governance forum.

Treasury Management

Active token management focuses on trading digital assets by analyzing market trends.

Strong Ecosystem Partners

Wonderland DAO seeks out partnerships and collaborations to create novel high preforming strategies.