Wonderland votes out QuadrigaCX co-founder Sifu and is considering shutting down (via Yogita_Khatri5)
The community of the DeFi protocol, Wonderland, has removed Sifu as its treasury manager. The move comes two days after the revelation that Sifu is Michael Patryn, the convicted co-founder of the failed Canadian crypto exchange QuadrigaCX.it with a majority on January 29. TIME token holders with a combined over 64,000 tokens participated in the vote. . Nearly 88% of the TIME tokens voted that Sifu should be replaced. TIME is the native token of Wonderland.
Wonderland is a DeFi protocol mostly based on Avalanche. It is a fork of Olympus DAO, a decentralized reserve currency protocol that lets users deposit or sell tokens to the Olympus treasury in return for discounted OHM tokens. Wonderland quickly became a famous fork of Olympus. The current treasury balance of Wonderland stands at over $735 million, according to itsSestagalli said he decided not to judge Sifu by his past. Sifu/ Patryn is a convicted financial criminal who spent time in jail.
Wonderland in a forum post on Friday."We strongly believe that this would be the cleanest way of moving forward."has opened today and will last for 48 hours. If the Wonderland community votes against the winding down proposal, the DAO will identify a new entity to give the control of the treasury to.
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