create account

An Intro To WonderLand On Avalanche πŸ“ˆ Olympus DAO Fork 73,000%+ APY by justinparke

View this thread on: hive.blog |  peakd.com |  ecency.com
hive-167922 · @justinparke ·
$60.83
An Intro To WonderLand On Avalanche πŸ“ˆ Olympus DAO Fork 73,000%+ APY
<center>![wonderland.gif](https://files.peakd.com/file/peakd-hive/justinparke/23u5WwbH8RZeqPuKQzGNqLe6C36i7eSCUZ2whaHBMaCmWaenMaQFjevYst83HtFh2c4LZ.gif)</center>

Olympus DAO's success has spawned many forks/clones on various networks, but the one leading the pack is Wonderland with its TIME token.

## **What Is WonderLand❓**

&nbsp; &nbsp; &nbsp;I'm pretty good with words, but not so much in the crypto-sphere, so it's probably better to share with you the way Wonderland would like itself described, so I pulled the following description from the introduction section of [**WonderLand's White Paper**](https://docs.wonderland.money/)...

>[**Wonderland**](https://www.wonderland.money/) is the first decentralized reserve currency protocol available on the **Avalanche Network** based on the **TIME** token. Each **TIME** token is backed by a basket of assets (e.g., MIM, TIME-AVAX LP Tokens etc etc) in the Wonderland treasury, giving it an intrinsic value that it cannot fall below. **Wonderland** also introduces economic and game-theoretic dynamics into the market through staking and minting. 

&nbsp; &nbsp; &nbsp;In the process of educating myself about this project, I watched several videos, and the one below is the most useful in my opinion. I highly recommend you watch it if you're considering investing in WonderLand, and he even walks you through the docs section of the site. My intention with this post is to show you how to get started on Wonderland, and I am definitely not the guy to talk in-depth about this project.

<center><iframe width="560" height="315" src="https://www.youtube.com/embed/gD4K-J6vjp8" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe></center>

## **You'll Need AVAX First**

&nbsp; &nbsp; &nbsp;If you're not on the Avalanche blockchain already, the native AVAX token is hard to bridge for your initial gas fees, and there is also no AVAX faucet, so I recommend you check out this post which will help you cover your first several transactions on Avalanche.

|<center><h3>[**ElkFinance 🦌 An Easy Polygon πŸ’± Avalanche Bridge**](https://leofinance.io/@justinparke/elkfinance-an-easy-polygon-avalanche-bridge)</h3></center>|<center>[![444.png](https://files.peakd.com/file/peakd-hive/justinparke/EowG5WZxxupZ4Mzer8M1ia1bcrRjtxjDLy27o46Dczp5sR6Heqzip3a4hGzu3GXs7fr.png)](https://leofinance.io/@justinparke/elkfinance-an-easy-polygon-avalanche-bridge)</center>|
|-|-|

## **Got AVAX On Avalanche Already? Use [xPollinate](https://xpollinate.io/)**

<center>![Untitled.png](https://files.peakd.com/file/peakd-hive/justinparke/23wN1pQzjDSauiQY5eVsbGkLLDYobswyKFfRW7hKfUZvQxjBNFFmUr5Y6zxQKyPppDdBv.png)</center> 

&nbsp; &nbsp; &nbsp;Now that I'm already in the Avalanche-osphere, I have AVAX for gas fees and I don't need to use ElkFinance anymore. For this reason my second investment into WonderLand was via [**xPollinate**](https://xpollinate.io/) after selling some bLEO for USDC. USDT, USDC, and DAI are the token options for transferring funds from BSC to Avalanche. I bridged $105.10 USDC on this transaction, easy-peasy and only pennies in gas fees.

## **Buying TIME On [TraderJoe](https://traderjoexyz.com/#/trade)**

<center>![newpic.png](https://files.peakd.com/file/peakd-hive/justinparke/23tHbFPJT4zEtFsSVPAwHkutUpZMM3WXKfTtZj9ZBxW9wh6JMjHxNRuz6TznMCzz9Neqe.png)</center>

&nbsp; &nbsp; &nbsp;Once my arrrived **$104.63 USDC.e** arrived on the Avalanche chain, I used the [**TraderJoe**](https://traderjoexyz.com/#/trade) site to swap it for **0.0115017 TIME**. The site is basically QuickSwap for the Avalanche chain, easy to use and navigate, plus lightning fast.

<center>![Untitled4.png](https://files.peakd.com/file/peakd-hive/justinparke/23tHZhCUd5SyWPPListVkND3BbEyYUE6KRFnuqxX2Jpzpn4FsfvURxJGG3VHpXZLj2CcQ.png)</center>

&nbsp; &nbsp; &nbsp;The gas fees on Avalanche are cheap, but the first-time token approval fees are a little steep, **$0.89** worth of **AVAX** in my case to approve **USDC.e** for swapping on the site. Keep that in mind and always keep enough AVAX in your wallet to cover any surprise approval fees.

<center>![Untitled7.png](https://files.peakd.com/file/peakd-hive/justinparke/23xyiBhVVEuv5S7W8LEDQnZZ2sBBpULLbrEpBGU5QoP8nfr4XyYarJAgeQYZoPCcAwxNK.png)</center>

&nbsp; &nbsp; &nbsp;Once approved, the swapping process is just like any other chain, and I had my **TIME** in a matter of seconds. If you notice my screenshots are showing the transaction fees in BNB, Metamask can be a little buggy sometimes, but I assure you it's actually AVAX being used.

## **We've Arrived At WonderLand, Let's Stake**

<center>![Untitled8.png](https://files.peakd.com/file/peakd-hive/justinparke/23swgSf3uhoFjDcL4vYMgQLW2cNm5SoV11zLSabE8hAhxsJpF5ZuSWfgDhoyx4Wcj7Q5G.png)</center>

&nbsp; &nbsp; &nbsp;The interface of **WonderLand** is dead simple, so you won't be in confusion about what to do with your **TIME** tokens. Do not that after staking, your **TIME** tokens become **MEMO**, and the interest is auto-compounded, so set it and forget it.

<center>![Untitled11.png](https://files.peakd.com/file/peakd-hive/justinparke/23swfuKytGL3W6RKhWXLtkDKztsha6Ye2Rq7amNtGho2hjZmtuWxLmA5QnKh37yp6qx32.png)</center>

&nbsp; &nbsp; &nbsp;As you can see my **TIME** balance has gone to zero after staking and the tokens are now staked **MEMO**. There is nothing left do now but put a few several hundred more dollars in and see if I am a millionaire after a year. I don't tend to get hopeful about things like this, but if the **73,000%+ APY** holds, and **TIME** holds its value, I may just be retiring at the end of the next year.

<center>[![jp.png](https://files.peakd.com/file/peakd-hive/justinparke/23wCJWPYyZTZhBJrGBb9zgzF4WkD2osEmsMyfBzT27qEKv8X6N1nrxiZE5Z8eSk32cvHW.png)](https://peakd.com/@justinparke/posts)<br>[**CLICK HERE TO JOIN HIVE AND START EARNING CRYPTO LIKE US**](https://hiveonboard.com?ref=justinparke)</center>

|<center>![](https://files.peakd.com/file/peakd-hive/justinparke/lmgiejBP-image.png)</center><center><sup>**Dad**</sup></center><center><sup>**@JustinParke**</sup></center>|<center>![](https://files.peakd.com/file/peakd-hive/justinparke/KeKN855F-image.png)</center><center><sup>**Mom**</sup></center><center><sup>**@SreyPov**</sup></center>|<center><h6>**πŸ™ GIVE THANKS πŸ™**</h6><a href='https://buymeberri.es/@justinparke' target='_blank'><img src='https://buymeberries.com/assets/bmb-4-m.png'/></a></center>|<center>![](https://files.peakd.com/file/peakd-hive/justinparke/DRBF7xz4-image.png)</center><center><sup>**Srey-Yuu**</sup></center><center><sup>**@KidSisters**</sup></center>|<center>![](https://files.peakd.com/file/peakd-hive/justinparke/2yqnecIX-image.png)</center><center><sup>**Monkey B**</sup></center><center><sup>**@KidSisters**</sup></center>|
|---|---|---|---|---|

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@justinparke/an-intro-to-wonderland-on-avalanche-olympus-dao-fork-73-000-apy)
πŸ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 278 others
properties (23)
authorjustinparke
permlinkan-intro-to-wonderland-on-avalanche-olympus-dao-fork-73-000-apy
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["mancave","neoxian","crypto","defi","proofofbrain","ctp","archon","blockchain","palnet","cent","leofinance"],"canonical_url":"https://leofinance.io/@justinparke/an-intro-to-wonderland-on-avalanche-olympus-dao-fork-73-000-apy","links":["https://docs.wonderland.money/","https://www.wonderland.money/","https://www.youtube.com/embed/gD4K-J6vjp8","https://leofinance.io/@justinparke/elkfinance-an-easy-polygon-avalanche-bridge","https://xpollinate.io/","https://traderjoexyz.com/#/trade","https://peakd.com/@justinparke/posts","https://hiveonboard.com?ref=justinparke","https://buymeberri.es/@justinparke"],"image":["https://files.peakd.com/file/peakd-hive/justinparke/23u5WwbH8RZeqPuKQzGNqLe6C36i7eSCUZ2whaHBMaCmWaenMaQFjevYst83HtFh2c4LZ.gif","https://img.youtube.com/vi/gD4K-J6vjp8/0.jpg","https://files.peakd.com/file/peakd-hive/justinparke/EowG5WZxxupZ4Mzer8M1ia1bcrRjtxjDLy27o46Dczp5sR6Heqzip3a4hGzu3GXs7fr.png","https://files.peakd.com/file/peakd-hive/justinparke/23wN1pQzjDSauiQY5eVsbGkLLDYobswyKFfRW7hKfUZvQxjBNFFmUr5Y6zxQKyPppDdBv.png","https://files.peakd.com/file/peakd-hive/justinparke/23tHbFPJT4zEtFsSVPAwHkutUpZMM3WXKfTtZj9ZBxW9wh6JMjHxNRuz6TznMCzz9Neqe.png","https://files.peakd.com/file/peakd-hive/justinparke/23tHZhCUd5SyWPPListVkND3BbEyYUE6KRFnuqxX2Jpzpn4FsfvURxJGG3VHpXZLj2CcQ.png","https://files.peakd.com/file/peakd-hive/justinparke/23xyiBhVVEuv5S7W8LEDQnZZ2sBBpULLbrEpBGU5QoP8nfr4XyYarJAgeQYZoPCcAwxNK.png","https://files.peakd.com/file/peakd-hive/justinparke/23swgSf3uhoFjDcL4vYMgQLW2cNm5SoV11zLSabE8hAhxsJpF5ZuSWfgDhoyx4Wcj7Q5G.png","https://files.peakd.com/file/peakd-hive/justinparke/23swfuKytGL3W6RKhWXLtkDKztsha6Ye2Rq7amNtGho2hjZmtuWxLmA5QnKh37yp6qx32.png","https://files.peakd.com/file/peakd-hive/justinparke/23wCJWPYyZTZhBJrGBb9zgzF4WkD2osEmsMyfBzT27qEKv8X6N1nrxiZE5Z8eSk32cvHW.png","https://files.peakd.com/file/peakd-hive/justinparke/lmgiejBP-image.png","https://files.peakd.com/file/peakd-hive/justinparke/KeKN855F-image.png","https://buymeberries.com/assets/bmb-4-m.png","https://files.peakd.com/file/peakd-hive/justinparke/DRBF7xz4-image.png","https://files.peakd.com/file/peakd-hive/justinparke/2yqnecIX-image.png"]}
created2021-11-07 03:43:12
last_update2021-11-07 03:43:12
depth0
children4
last_payout2021-11-14 03:43:12
cashout_time1969-12-31 23:59:59
total_payout_value30.483 HBD
curator_payout_value30.346 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length7,044
author_reputation888,391,141,956,618
root_title"An Intro To WonderLand On Avalanche πŸ“ˆ Olympus DAO Fork 73,000%+ APY"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id107,561,804
net_rshares53,479,687,775,549
author_curate_reward""
vote details (342)
@cristina-zac ·
$0.05
This is fantastic 
73,000% APY unbelievable
πŸ‘  
properties (23)
authorcristina-zac
permlinkre-justinparke-2021117t6391811z
categoryhive-167922
json_metadata{"tags":["hive-167922","mancave","neoxian","crypto","defi","proofofbrain","ctp","archon","blockchain","palnet","cent","leofinance"],"app":"ecency/3.0.23-mobile","format":"markdown+html"}
created2021-11-07 04:39:18
last_update2021-11-07 04:39:18
depth1
children1
last_payout2021-11-14 04:39:18
cashout_time1969-12-31 23:59:59
total_payout_value0.024 HBD
curator_payout_value0.023 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length43
author_reputation6,748,169,587,414
root_title"An Intro To WonderLand On Avalanche πŸ“ˆ Olympus DAO Fork 73,000%+ APY"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id107,562,394
net_rshares43,069,292,216
author_curate_reward""
vote details (1)
@justinparke · 
Time will tell if it holds, but Olympus DAO's success has already created many believers. I'm cautiously optimistic.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@justinparke/re-cristina-zac-bywjk)
properties (22)
authorjustinparke
permlinkre-cristina-zac-bywjk
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@justinparke/re-cristina-zac-bywjk"}
created2021-11-07 12:50:09
last_update2021-11-07 12:50:09
depth2
children0
last_payout2021-11-14 12:50:09
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length217
author_reputation888,391,141,956,618
root_title"An Intro To WonderLand On Avalanche πŸ“ˆ Olympus DAO Fork 73,000%+ APY"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id107,572,644
net_rshares0
@dmilliz ·
$0.10
You are really finding your way around the new protocols well. Good going rasta!
πŸ‘  
properties (23)
authordmilliz
permlinkre-justinparke-r2735n
categoryhive-167922
json_metadata{"tags":["hive-167922"],"app":"peakd/2021.09.1"}
created2021-11-07 09:17:48
last_update2021-11-07 09:17:48
depth1
children1
last_payout2021-11-14 09:17:48
cashout_time1969-12-31 23:59:59
total_payout_value0.048 HBD
curator_payout_value0.048 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length80
author_reputation252,963,448,434,148
root_title"An Intro To WonderLand On Avalanche πŸ“ˆ Olympus DAO Fork 73,000%+ APY"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id107,566,472
net_rshares86,320,562,500
author_curate_reward""
vote details (1)
@justinparke · 
If I wasn't in desperate economic times, I don't think I would've ever given crypto a chance. In a way I'm thankful for the hardship we've gone through here because it has given us a path to economic independence without having to deal with a brick-and-mortar business.

I lived next to a beautiful touristy mountain in Cambodia where we ran our restaurant, and it took three years for us to have the time to see that mountain. Most tourists see it on day one, so I'm glad we'll now have the relative freedom of a tourist when we return Cambodia. We can just go wherever the content takes us each day.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@justinparke/re-dmilliz-62xukc)
properties (22)
authorjustinparke
permlinkre-dmilliz-62xukc
categoryhive-167922
json_metadata{"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@justinparke/re-dmilliz-62xukc"}
created2021-11-07 12:53:06
last_update2021-11-07 12:53:06
depth2
children0
last_payout2021-11-14 12:53:06
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length698
author_reputation888,391,141,956,618
root_title"An Intro To WonderLand On Avalanche πŸ“ˆ Olympus DAO Fork 73,000%+ APY"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id107,572,698
net_rshares0
Help/Feedback