1 min read
|
Saved February 14, 2026
|
Copied!
Do you care about this?
The article discusses a significant drop in Wonderland's stablecoin treasury, which fell from $96 million to $12 million after swapping for other tokens. Sifu, who controls the majority governance of Wonderland, received $6.7 million in performance fees, highlighting the financial maneuvers taking place.
If you do, here's more
In January 2023, Wonderland, now known as Volta, had a treasury balance of $96 million in stablecoins. Fast forward to now, that figure has plummeted to just $12 million. This drastic change happened after the stablecoins were exchanged for SIFU and UwU tokens, which now hold a combined value of $125 million in a treasury worth $147 million. Sifu, the key figure behind this strategy, has played a major role in this financial shift.
Sifu's approach has earned him $6.7 million in performance fees for the first three quarters of 2023. This amount doesnβt even factor in the funds that were redirected through the acquisition of SIFU and UwU tokens. The treasury details are available in a linked spreadsheet, which provides a transparent view of these transactions. The reason for Sifu's ability to execute this plan lies in his control over Wonderland's governance. He maintains significant influence through a personal MEMO and a large holding of MEMO acquired via Sifu Vision, consolidating his power in the organization.
Questions about this article
No questions yet.