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Wrapped Memo and Memo #54

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Star-ally opened this issue Dec 17, 2021 · 2 comments
Open

Wrapped Memo and Memo #54

Star-ally opened this issue Dec 17, 2021 · 2 comments

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@Star-ally
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I wrapped my Memo in the Wonderland app thinking I would be able to unwrap it.
There is no option to unwrap.

I would like to know:

  1. How do I unwrap my Wrapped Memo
  2. How do I convert my Wrapped Memo back into Time?

I would appreciate any feedback you have to provide.

@s1k2614
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s1k2614 commented Dec 17, 2021

So there are a couple possiblities for this:

  1. If you just wrapped you MEMO on the app.wonderland.money site, you should be able to just unwrap on the same site by just unwrap it on the top of the site where it says "wrap", then click the two arrows to change positions of wMEMO and MEMO. then select your wished amount and you should have back just MEMO.
  2. If you wrapped anything you borrowed or use your wrapped as collateral to borrow you first have to "pay your debts". Same as above, depending on where you lend. Would need more information for that.

As far as I know, you cant go wMEMO -> TIME, but MEMO -> TIME just by unstaking it on the app.wonderland.money site.

Let me know if I can help further.

@Star-ally
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That helped. This is all new to me. I appreciate it. Thank you

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