kingcobrah (@kingcobrah2) 's Twitter Profile
kingcobrah

@kingcobrah2

Here to connect with like minded warriors

ID: 1397190747577896967

calendar_today25-05-2021 14:01:51

229 Tweet

33 Followers

443 Following

0xVonBismarck (@0xvonbismarck) 's Twitter Profile Photo

1/ Dear Frogs, We want to put forward a proposal for the benefit of long term Frogs not whales by establishing a TWA weighitng system on the payout or voting mechanism, to reward the people who have held wMEMO the longest by adjusting their vote weight, or final distribution

0xVonBismarck (@0xvonbismarck) 's Twitter Profile Photo

2/ This is not the same as quadratic voting, however we believe that this would be a fairer way to allocate the votes or distribute the treasury. Props to @dramuirhamid for the help drafting this up @nikilauren @DeFimagick

0xVonBismarck (@0xvonbismarck) 's Twitter Profile Photo

3/ by weighting memo by a f(x) where x is the factor according to the upper and lower bounds of days the assets were held. Every wMEMO balance accumulation is an addition to the factor whereas every decrease in wMEMO balance causes a substraction of the factor

0xVonBismarck (@0xvonbismarck) 's Twitter Profile Photo

4/ This gives power to the true frogs, not the whales who bought in last minute to vote, or in case of winding down the treasury reward the long term frogs the more than the slick short time arbitrageurs. We want to penalize those who thought they could arbitrage #FrogNation

0xVonBismarck (@0xvonbismarck) 's Twitter Profile Photo

5/ The graph below highlights the weighting associated to any transaction. This is linear between 1.9x and 0.1x i.e. If you held from the first day in this formula, you would have 1.9x weighting vs someone who bought today would only get 0.1x weighting

5/ The graph below highlights the weighting associated to any transaction. This is linear between 1.9x and 0.1x i.e. If you held from the first day in this formula, you would have 1.9x weighting vs someone who bought today would only get 0.1x weighting
0xVonBismarck (@0xvonbismarck) 's Twitter Profile Photo

6/ We want to get the communities thoughts on this. We are willing to go down the this rabbit hole, analyze the onchain data, and dish out a fair proposal using the above formula and help #SaveWonderland Daniele notice us senpai

Phoenix Desmond (@sri_phoenix) 's Twitter Profile Photo

"Users will then be able to claim each of the assets that were in the treasury in relation to the amount of wMEMO he/she has." Really? No clarity about an established backing, and no allegiance to loyal HODLers? This is not defending the #frognation. This is downright criminal.

Phoenix Desmond (@sri_phoenix) 's Twitter Profile Photo

Solutions have been brought to light by many frogs that would remedy some serious issues. Here is one such example where weight is given according to duration of owership of $wMEMO: x.com/0xvonbismarck/…

Phoenix Desmond (@sri_phoenix) 's Twitter Profile Photo

At the same time, we have Squirrel and many others already beginning to distance themselves from Alice, speaking about it in the vaguest possible way while touting the strengths of 🧙🏼‍♂️ and WAGMI: x.com/squirrelcrypto…

Phoenix Desmond (@sri_phoenix) 's Twitter Profile Photo

This is a true slap in the face to loyal Wonderland supporters. Would we be in this "situation" if it wasn't for cascading liquidations and leverage that 🧙🏼‍♂️ allowed to continue TIME and time again?

Phoenix Desmond (@sri_phoenix) 's Twitter Profile Photo

Who earns the fees for liquidations? Who is profiting at who's expense? And now you want to quietly creep away and pretend like you are moving forward with dignity? Two days ago the "leveraged position" was almost 300 million.

Who earns the fees for liquidations? Who is profiting at who's expense? And now you want to quietly creep away and pretend like you are moving forward with dignity? Two days ago the "leveraged position" was almost 300 million.
Phoenix Desmond (@sri_phoenix) 's Twitter Profile Photo

Even after 2 MASSIVE liquidation events, causing (3,3) frogs to lose untold sums, you STILL use leverage? This is either blatant mismanagement, or downright deceit. Regardless, it is just plain wrong.

Phoenix Desmond (@sri_phoenix) 's Twitter Profile Photo

This happens to be the civil version of my complaint. Anyone who knows me or watches my channel knows that I have been an outspoken supporter of Wonderland, and have defended Daniele on numerous occasions, to a fault. But this has gone on long enough.

Phoenix Desmond (@sri_phoenix) 's Twitter Profile Photo

If @Wonderland_fi is unwilling to scratch the current vote in favor of a more equitable solution, the windfall will be devastating not only for the #frognation, but for the entire ecosystem that Daniele has created. Trust must be rebuilt with proper action.

Phoenix Desmond (@sri_phoenix) 's Twitter Profile Photo

I know I speak for many others DIDN'T leverage, who DIDN'T sell during 2 liquidation events or @Osxifu's unmasking, are feeling royally screwed right now. The recent turn of events are the antithesis to the fundamental principles of Wonderland.

Phoenix Desmond (@sri_phoenix) 's Twitter Profile Photo

In summary, I think WIP #4 is biased and hasty, and should be replaced by something that has been thought out for more than an hour. And Daniele, for f*cks sake get behind us NOW. So much is on the line, and we know you are capable of steering the ship into calm waters.

kingcobrah (@kingcobrah2) 's Twitter Profile Photo

Fool me once shame on you, fool me twice shame on me. #sestaout #Wonderland $TIME $WMEMO 🐸 LFG! Wonderland 2.0 is here!! medium.com/@Wonderland2.0…