Wonderland with the TIME and MEMO tokens have suffered greatly together with all the other rebase tokens. But, to be honest, right now they are actually performing quite well. I know, the price per TIME was almost $10,000 during the peak, and currently, the price is $20. That is a great difference, but if you take into consideration the fact that the APY is above 70,000%, it is still possible to make money with Wonderland.
I know, it has fallen a lot, but if I compare it with Avalanche, the blockchain on which it is running, you still get more than 1 AVAX per TIME token, meaning that if you have been staking tokens, you are for sure earning quite a lot of AVAX daily, and that is absolutely awesome, no matter what.
As a result, I am actually quite happy about my Wonderland investment and I look forward to doing my weekly profit taking in which I convert whatever has been generated into AVAX tokens. It could be better to change it to USDC, but I believe AVAX will perform very well once we get some bullish vibes once again, thus it is a better investment than a stablecoin.
What do you think? Do you still have money in any of those rebase tokens?
You can read more about Wonderland and all sorts of rebase tokens in the IP Address Guide.