Wonderland passes vote to invest $25 million in Sifu Vision

Quick Take

  • Wonderland passed a vote to buy $25 million worth of Sifu Vision tokens.
  • SIFU Vision is cryptocurrency project founded by Sifu, Wonderland’s former treasury manager.

DeFi protocol Wonderland has passed a governance vote to invest $25 million in the token Sifu Vision, a crypto project founded by Wonderland's former treasury manager, known as Sifu. 

The vote passed today, with 89% of the votes supporting the governance decision. This means that it's very likely that Wonderland community will proceed to an over-the-counter (OTC) deal to acquire $25 million worth of Sifu Vision tokens, more than half of Sifu Vision's entire market capitalization of $42 million. These tokens will be linearly vested for 12 months.

Per the details provided in the governance proposal, Sifu will make independent investments in the crypto space with these funds, hoping to make a return for Wonderland's treasury.

"Similar to the Wonderland TM [treasury manager], its my job to source the best possible deals and invest for maximum potential yield," Sifu commented on the deal in an earlier post on Wonderland's governance forum. "The idea is that we trade and invest together, and share in the profits."

Who is Sifu?

In January of this year, Sifu was asked to leave from Wonderland after his real identity was revealed as Michael Patryn, an ex-convict who was reportedly charged with identity theft in 2005.

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