The Wonderland “Nation of Frogs” still wants to keep the project alive, but its co-founder has other ideas.
on a potential merger with Wonderland and Abracadabra, a DeFi lending protocol and yield strategy generator.for Wonderland 2.0 was published by members of the community known as “Frogs” suggesting a transition of the existing protocol and treasury to a new DAO structure with a more transparent governance system.The DeFi imbroglio has had ripple effects throughout the ecosystem with other networks such as Terra also feeling the impacts.
The stablecoin has dipped below its peg recently on Wonderland concerns, and this has had a knock-on effect on LUNA which is used for its price-stabilization mechanism. LUNA prices are currently down 13% over the past 24 hours as investors have been liquidating. Meanwhile, Wonderland’s native TIME token has crashed nearly 60% since the debacle began last week and is now languishing 96% down from its Nov. 7 all-time high of just over $10K.
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