Telling this month has been a rough one can be considered an euphemysm by anyone who was involved in Wonderland investments with $TIME, $MEMO and $wMEMO.
We are all aware that with blockchain technology rising the community power is growing accordingly, but in this case we have something special that is giving to the recipy the right ingredient to be a unique and succesful outcome: THE TREASURY.
As a DAO we can use the power of our own numbers and resources to actually TRULY benefit for upcoming projects in the DeFi ecosystem with all its advantages, but in a different way if we want to flourish as a community in the coming future.
I am speaking about the concepts of “borrowing” and “leveraging”, the essential factors that stimulate GREED and mines a constant and healthy growth overtime. Every Nation or Empire in history that achieved exeptional things has miserably failed over time, the 99.9% due to unsettlement and progressive lack of judgement driven by overexcessive evaluation of own abilities / possibilities.
It’s in the HUMAN NATURE after all.
I have been trying to be as much active as possible in the community despite the working hours because i truly believe the uniqueness of this project and its absolute succesfullness. A lot of professional knowledge and heart has been put to this and even the hypothesis to seeing it fade away is a waste of human talent and effort.
Remember what we are challenging in the first place, inflation is at its ATH and in this years with the pandemic has been printed the 80% of ALL the $ banknotes in human history.
We can successfully make sure on the long run that this problems will not affect our financial condition realizing the true opportunity to thrive thanks to the development of generational wealth over time.
We need though to re-invent the way our DAO works to be as much efficient and as much profitable it can be in times of bull market and most of all, as we all are experiencing right now, at a bear market cycle.
This needs to be addressed most of all to our CSO Daniele Sesta and ex CFO that, during the last liquidation, are planning to reimburse who got liquidated below them. Despite the nobility of the gesture (and once it has been said i think nothing can be done to reverse it), this way is teaching to our members to not assess properly their finances and to push them further into an off balanced investment in the future that will not improve their DeFi knowledge and experience through failure and hard learned lessons.
Again, i think once given the word for the liquidation refunding nothing more can be done for this episode.
We can all agree as a whole that more awareness and experience as a community, for who kept holding like me, needs to be done and developed.
Why i think that a recogniseable team is crucial and essential for the interaction with other protocols, realities and entities;
The concept of the DAO is slowly developing into an entity similar to a virtual country, and this government system can be addressed to a balanced hybrid version of a democracy and an oligarchy (more tokens, more voting power up to now).
Whatever the nature of the governance is and will become we need to put in count that in the near future we will interact with others (not only in a mutual protocol interaction, think of an eventual INSTITUTIONAL interaction);
the CREDIBILITY of the people that are REPRESENTING the protocol is crucial for the survival and the prosperity of our reality.
I hope this will be the beginning of a new direction for all of us, being the owners of a percentage of a treasury does not give us priviledges as the most precious asset, the most valuable thing we can acquire here is RESPONSIBILITY and FINANCIAL WISDOM.
That being said, being the holders of a treasury, its not that utopistic to think as a frog variant that moved its first steps to the path of the dragons.
