DeFi Wonderland Layers & Revenue
The WLND platform is currently built on the Polygon blockchain, and is preparing to be multi-chain. Polygon boasts of up to 65,000 transactions per second on a single side chain, along with a respectable block confirmation time of less than two seconds. This makes it an attractive chain to use for decentralized finance applications.
The assets: the platform will use the WLND token as the native token, a stable coin wUSD and REDQ governance token.
The platform will use multiple protocols to enable multiple functionalities such as borrowing, lending, minting, farming and staking.
The platform will use multiple products (DApp's, web based and mobile apps) to manage and access the protocols above.
The platform will utilize the latest Artificial Intelligence (AI) developments empowered by machine learning in multiple aspects of the platform. AI is becoming an important component of data-heavy systems, and DeFi Wonderland is going to make full use of it.
The four pillars of DeFi Wonderland are:
Full compatibility with the Ethereum smart contract platform to facilitate the interoperability and developer as well as the user experience.
Leveraging the existing Ethereum tools and Dapps such Metamask, MyCrypto, Remix, MyEtherWallet etc.
Security ensured by leveraging Polygon that is in turn secured by the Ethereum blockchain.
Building a global decentralised application.
Wonderland Tokens
wUSD Stable Coin
wUSD is decentralized stablecoin on the DeFi Wonderland platform based on the (Polygon) blockchain and pegged to a range of stable coins. wUSD stable coins are minted when liquidity providers lockup their stable coins such as (USDT, USDC, DAI) in a smart contract as collateral. One of wUSD key characteristics is its high-end collateral transparency and safety oriented smart contract characteristic. The wUSD protocol is a "peer to pool" non-custodial smart contract . In addition to minting, wUSD can be obtained by using the DeFi Wonderland DEX exchange or purchased on major DEX's such as Uniswap, SushiSwap, Curve and Balancer.
The wUSD can be used a unit of exchange within the DeFi Wonderland platform, it can be deposited in the wUSd interest yield pool to generate passive income by programmatically depositing the underlying assets to decentralized lending markets such as Compound or AAVE to generate yield, and/or can be used to provide liquidity to Swap pool and earn % income from swap fees.
WLND Utility Token
The WLND is the protocol native non-stable utility token. The WLND token is issued as a utility token driving the platform value and supporting the interests of all platform contributors and stakeholders.
WLND represents the DeFi Wonderland platform assets, which implies that wUSD is considered as a liability for the platform.
Users can stake their WLND token to participate in particular sections, and earn rewards.
WLND Stakers will be able to earn the Governance Token REDQ as an additional reward for participating in the Stake, proportional to their Stake.
The Governance Token will be released and distributed after some platform maturity, with distribution disproportionately given to wallets that have staked for longer periods of time, to reward long-term investors.
WLND Tokens can be staked in staking pools, or Hedge Funds, that earn rewards in WLND or that particular pool’s token.
WLND token can be used for making purchases, swapping, or using as collateral to secure loans. Receipt Tokens from staking pools and Hedge Funds can also be used as collateral.
Participation in the Wonderland Launchpad will have allocation awards determined by a lottery system based on total amount of WLND staked.
VIP features of the platform are unlocked by staking a certain amount of WLND tokens.
WLND is paid to stakers from the Ecosystem Funding pool;
This includes an initial token allocation from the genesis supply,
This pool will be topped up by Platform Fees being added to the pool.
This pool will also be topped up by arbitrage bots, lending protocols, and performance fees from Platform Hedge Funds.
These mechanisms ensure that instead of minting an infinite supply of tokens to pay Stakers ongoing, the stakers are rewarded from a self-sustaining cycle of the economy from real profits generated. Keeping the price of WLND strong.
Longer-term staking commitments will be rewarded with higher yield, which range from no lockup, to 2 year lockup.
Wonderland Token Allocation
WLND as a Governance Token
DeFi Wonderland is anticipated to include a governance model based on the WLND token. While most of the DeFi Wonderland ecosystem will be immutable, some parameters without large security risks (e.g. future fees) may be modified via a governance vote of WLND tokens.
As a governance token, WLND token holders have rights to propose network updates, Planet Earth Fund allocation, propose new launchpad listings & pools, and vote on adjusting Platform Parameters.
Network Updates, Planet Earth Fund allocation, Launchpad Listings, and other success-critical decisions will be approved or declined by the elected on-chain General Council.
Platform parameter adjustments are set by the Community Governance Tool. Each WLND holder can vote for parameter values using their tokens. Users can vote to change DeFi Wonderland’s core parameters. The weight of vote depends on the amount of WLND tokens staked by that user. Parameters with default prefixes are used as default vote results for WLND token holders who do not participate in pool governance. If a user has not voted, the calculation takes into account the parameter’s default value multiplied by the user's vote’s weight. The Governance Tool shows how many users participated in a vote.
The proposed initial Platform Parameters for Voting are as follows:
Swap Fee
Referral Reward
Governance/Staking Reward
Token Burning
Planet Earth Fund
Performance Fee
Insurance Fund
The goal of the platform is to generate significant profits and a large replenishing pool of capital, which can be used by our Governors to grow the community further and do good in the world. A percentage of this profit will be distributed to WLND stakers.
Platform Revenues & Strategy
DeFi Wonderland intends to create a true flowing economy with real token demand and incentives. The platform will generate revenues which are used for rewards, platform development, community use, and philanthropic work, as voted by Governors.
The Treasury will HODL the tokens until used, creating a constant reduction in available market token supply. When spending the held tokens, where possible, DeFi Wonderland will use the Lending Protocol to secure a stablecoin loan against the WLND tokens and spend those borrowed tokens, instead of selling the held WLND tokens.
The platform intends on collecting revenues from multiple points, such as but not limited to, and subject to change:
Swap fees (transactions)
Aggregator Spread
Performance fee
Fee from Marketplace
Sales Listing fees
Lending Protocol spread
Stablecoin Stability Fee
Arbitrage Bot - stabilizing the liquidity pools of multiple platforms
Swap fees are simply the transaction fee to exchange tokens, for example 0.1%.
The Aggregator Spread is the difference between the swap price at the time of the quote and that at the time that the transaction is mined. It occurs in swap transactions when the executed price is slightly better than the price quoted. This is redistributed as earning to WLND Stakers or Platform Referrers.
Performance Fee is the fee taken on gains generated from use of the platform, for example a fee of 10% of earnings from a WUSD stablecoin pool.
Marketplace Sales Fees are the commission to the Platform for the sale, for example 10%.
Listing fees may be from the listing of projects on our platform, if and when this may apply.
Interest rates are fees collected from the platform lending protocol.
Stablecoin Stability Fees are the tiny fees collected for WAUD and WUSD issuance, for securing the stability of the price.
These collected fees will be used for 5 main functions, in varying percentages based on Governance Voting.
Redistributed to WLND Stakers (market buy-back mechanism). This will first be distributed to the Ecosystem Funding pool before being redistributed to stakers.
Added to the Treasury for later community use as decided by Governors.
Sent to Planet Earth Fund - for rebuilding forests & planet, and reducing Carbon Emissions.
Distributed as rewards to affiliates for referrals of the platform.
Repaying platform debts from the Lending Protocol (explored further in Planet Earth Fund, and Insurance Fund sections).
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