Following a deeply divided community vote, Daniele Sestagalli, co-founder of the Wonderland DeFi project is planning to pull the plug. On January 30, Wonderland co-founder Daniele Sestagalli tweeted that the Avalanche-based reserve money experiment is coming to an end. He then went on to say that the divided community shows we failed. Sestagalli ordered former partner and Wonderland treasury chief Michael Patryn (who goes by the pseudonym ‘0xSifu’) to resign last week, prompting the decision to save or wind down the project. Patryn, who has changed his name several times, was revealed to be the co-founder of the now-defunct Canadian crypto exchange QuadrigaCX on Jan. 27. He has also been convicted of credit card fraud and pleaded guilty to it in the past. 1/Wonderland experiment is coming to an end. It is clear from the vote that the community is divided. The core and heart of Wonderland is still the community. If we cannot find agreement on wether to continue or not, it means that we failed. — Daniele never asks to DM (@danielesesta) January 30, 2022 There were multiple active votes on the Wonderland governance forum. At the time of writing, the vote to wind down the project and return the treasury to its holders had 55 percent votes and 45 percent votes to disband it. Sestagalli said that the division has resulted in a single path forward: “The duty of the Team is to enact the will of the token holders. As the vote is so clo...
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