Wonderland x Sifu.Vision
$SIFU Purchase Information
We are happy to announce that Wonderland has purchased $25mm of $SIFU per WIP#11. A total of 583,022 $SIFU tokens were purchased at the price of $42.88 each. Tokens are linearly vested over 12 months. This means by the next redemption period slated for October 1st 25% of the tokens will be unlocked and available through Sablier to sell if desired.
Project Information
Sifu.Vision is a simplified version of Wonderland. The protocol is managed by Sifu without the friction of a DAO, or confusion of rebase. Sifu.Vision was born out of Wonderland users asking questions and looking for alpha on their own investments. This way token holders benefit from Sifu’s expertise in traditional and decentralized finance markets by mirroring the performance of his own portfolio.
It has since added other VC style investments to its portfolio. Aurora was the first with an upcoming lending market protocol and more. A quarterly redemption opportunity is provided with the next slated for October 1st. Redemptions take place on the ETH network on Uniswap via a v3 pool which offers minimal slippage at backing.
Links
Project Benefits to WL and Future
Wonderland will benefit from having an active asset in its treasury. Safe and lucrative farms are always being sought for stables, and he is on the lookout for strong seed investments. All investments are included at cost basis in the backing price. Sifu.Vision will be an early supporter of Sifu’s new projects with his lending market protocol slated for August. Both the $SIFU token and $wMEMO will be supported collateral types.
