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Create PoolTogether Update Week 12 2021 26-03-21.md
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# Governance Update
## Live Votes (On-chain)
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| Proposal #4 - PTIP6: This proposal is a repeat of PTIP-3, as PTIP-3 failed to execute | Marketing/Product | [Vote](https://vote.pooltogether.com/proposals/4) |
Summary:\
This [proposal](https://gov.pooltogether.com/t/ptip-6-retry-attempt-at-ptip-3/773?u=brendan) is a repeat of [PTIP-3](https://gov.pooltogether.com/t/ptip-3-add-pool-to-pool-prize-pool/745), as PTIP-3 failed to execute.\
The proposal will (1) Use POOL from the treasury to create a Sablier stream to stream prizes to the pool, streaming 200 POOL per week to the POOL Pool.
(2) Use POOL from the treasury to fill a token faucet that drips POOL to the POOL pool ticket holders at 100 POOL per day.
Closes: Mar 27th
## Recent Votes (On-chain)
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| Proposal #3 - Implement POOL Pool Rewards | Marketing/Product | [Vote](https://vote.pooltogether.com/proposals/3) |
Summary:\
This proposal makes the POOL pool a governance controlled pool and sets the reward distribution as discussed and requested by the community. 100 POOL rewards per day will be allocated and the weekly prize amounts to 200 POOL, for a period of 180 days.
Closed: Mar 18th\
Outcome: Approved and Queued for implementation
## Live Votes (Snapshot)
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| PTIP-4: Implement Badger Pool As Trial Governance Pool | Meta | [Vote](https://snapshot.org/#/pooltogether.eth/proposal/QmcnXbDGRnk4Jmt244qmckzpoV3EyQR7kDPZzpZyaxZh9D) |
Summary:\
This is a proposal to implement Badger Pool as a Trial Governance Pool; It seeks community approval to implement Badger pool as a trial governance pool for 12 weeks.
Closes: March 26th\
## Recent Votes (Snapshot)
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| PTIP-5: Increase Reserve Rate in Governed Pools | Treasury | [Discuss](https://gov.pooltogether.com/t/ptip-5-increase-reserve-rate-in-governed-pools/764) |
Summary:\
If this proposal passes then 50% of all interest earned in governed pools will be captured in the reserve. These Treasury funds are deposited into sponsorship of each respective pool. The current 5% reserve rate on community pools would also be eliminated.
Closed: March 25th\
Outcome: Approved
## New Forum Posts
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| Incentivize the POOL/ETH LPs | Marketing | [Discuss](https://gov.pooltogether.com/t/incentivize-the-pool-eth-lps/772) |
Summary:\
This post advocates creating a pool for our LPs which will give an incentive for more people to stake – there are currently only 147 people doing LPing.
Date Created: March 20th\
Last Active: Mar 25th
## Ongoing Discussions
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| POOL token Airdrop for POD users who should have qualified | Treasury | [Discuss](https://gov.pooltogether.com/t/pool-token-airdrop-for-pod-users-who-should-have-qualified/269) |
Summary:\
17 USDC Pod users and 270 Dai Pod users were unintentionally excluded from POOL token Airdrop for POD users.
This calls for a proposal so that Users who were POD participants on Pooltogether and also fit the requirements of the Airdrop be airdropped the POOL token.
Date Created: Feb 20th\
Last Active: Mar 24th
Update:\
An initial [workbook](https://gov.pooltogether.com/t/pool-token-airdrop-for-pod-users-who-should-have-qualified/269/34) has been completed to try and derive the total pool owed to qualifying individuals who did not recieve the airdrop.
A [developer is now needed to review](https://gov.pooltogether.com/t/pool-token-airdrop-for-pod-users-who-should-have-qualified/269/36) the workbook before moving forward to a PTIP.
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| Will Pool go to Binance Smart Chain | Strategy/Product | [Discuss](https://gov.pooltogether.com/t/will-pool-go-to-binance-smart-chain/272) |
Summary:\
Proposal to get synthetic POOL to go Binance Smart Chain in order to grow the user base with low fees
Date Created: Feb 20th\
Last Active: Mar 24th
Update:\
Concerns regarding whether PoolTogether should be brought on BSC given its level of centralization.
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| 2% of rewards for charity | Treasury | [Discuss](https://gov.pooltogether.com/t/2-of-rewards-for-charity/385) |
Summary:\
Discussion proposes to give at least 2% of the winning pool each week to an effective charity that will be voted for by the users
Date Created: March 10th\
Last Active: March 20th
Update:\
Overwhelming support.\
Moving forward, there are some logistical hurdles being addressed. For instance, it is [suggested](https://gov.pooltogether.com/t/2-of-rewards-for-charity/385/33) that the community come together to find charities to support and that a multiple choice poll containing these charities is created so funding rotates through them.