Thread by @0xVonBismarck

1/ Dear Frogs,
We want to put forward a proposal for the benefit of long term Frogs not whales by establishing a TWA weighitng system on the payout or voting mechanism, to reward the people who have held wMEMO the longest by adjusting their vote weight, or final distribution

2/ This is not the same as quadratic voting, however we believe that this would be a fairer way to allocate the votes or distribute the treasury. Props to @dramuirhamid for the help drafting this up

@nikilauren @DeFimagick

3/ by weighting memo by a f(x) where x is the factor according to the upper and lower bounds of days the assets were held. Every wMEMO balance accumulation is an addition to the factor whereas every decrease in wMEMO balance causes a substraction of the factor

4/ This gives power to the true frogs, not the whales who bought in last minute to vote, or in case of winding down the treasury reward the long term frogs the more than the slick short time arbitrageurs. We want to penalize those who thought they could arbitrage #FrogNation

5/ The graph below highlights the weighting associated to any transaction. This is linear between 1.9x and 0.1x i.e. If you held from the first day in this formula, you would have 1.9x weighting vs someone who bought today would only get 0.1x weighting

6/ We want to get the communities thoughts on this. We are willing to go down the this rabbit hole, analyze the onchain data, and dish out a fair proposal using the above formula and help #SaveWonderland

@danielesesta notice us senpai

$Time $wMEMO $MEMO #Wonderland