Thread by @HighCoinviction

Came across a very interesting project recently that reminded me of @OlympusDAO back when it was $30mm mkt cap.

Chart looks prime, now is the $TIME anon.

This is an easy 3x at the minimum from here.

Some quick thoughts 👇

As you all know, making a non-pegged stable coin project come to fruition is difficult.

@OlympusDAO was able to succeed because it was able to attract a strong community early on where everyone believed in (3,3) Zeus was also a god figure which helped.

Wonderland is an experimental fork of Olympus on AVAX with more aggressive treasury mgmt.

The project is founded by @danielesesta (giga brain) from Abracadabra & Popsicle.

To bootstrap the project, Wonderland will donate 30% of rebase fees to Olympus as a sacrifice to the gods

The donation to @OlympusDAO is a way for Wonderland to hopefully gain the backing of Ohmies.

It seems it is working as recent unlocks from bonds show that people are only continuing to stake their $TIME instead of selling it at market.

The setup for this trade really is prime. AVAX incentives set to launch soon with ~$450mm incentive pool.

Avalanche will be a casino during that time and Wonderland already offers ponzi economics with 30k % APYs.

Ponzi on top of Ponzi, the ultimate degen trade.

If you get in early before the price appreciation this APY is actually much higher.

The other great thing is that $TIME will likely also be more resilient in a downturn as 5 digit APYs are a gift from god in a bear market.

$OHM is evidence of this.

Other thing to consider is that people know how Olympus Dao played out and now know the strategy.

Wonderland will be able to get there much faster as a result.

There is already $2.7mm in the treasury despite only being online for a week or so.

Looking back being a part of Olympus Dao and staking my $OHM was one of the best decisions I ever made.

Wonderland could also work the same here.

$TIME is the pinnacle of ponzi economics. Ape accordingly.