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That's not quite accurate. Wonderland (TIME/MEMO) began as the first OHM-fork, however it was shifting into an actively managed investment fund. For example, th
by lilsoso 5y ago
That's not quite accurate. Wonderland (TIME/MEMO) began as the first OHM-fork, however it was shifting into an actively managed investment fund. For example, there was a proposal for Dani to use Wonderland to takeover operational control of SushiSwap -- which recently had its own drama.
Wonderland was shifting to a VC fund model, where Dani and Sifu would get early access to newly launching tokens and buy up seed rounds. Wonderland was just one of Dani's projects that all played into each other, including Popsicle Finance, Abracadabra, and the stablecoin project MIM. Dani is a charismatic, semi-anonymous founder who moves fast.
Furthermore, the issue isn't so black and white. At its peak, Wonderland had a market cap of $2 billion. And it appears that Sifu was rather skilled at managing the funds. Apparently without him, there's no one else to manage the funds so the project will likely be wound down.