From fb94ac3a32f436ed2711edac88e71e2f8584ee9d Mon Sep 17 00:00:00 2001 From: AngelDeBenji <79114195+AngelDeBenji@users.noreply.github.com> Date: Fri, 28 May 2021 01:47:53 -0400 Subject: [PATCH] Create Update Week 21 2021 28-05-21.md --- .../Update Week 21 2021 28-05-21.md | 104 ++++++++++++++++++ 1 file changed, 104 insertions(+) create mode 100644 __unsupported/pooltogether/Gov Weekly/Update Week 21 2021 28-05-21.md diff --git a/__unsupported/pooltogether/Gov Weekly/Update Week 21 2021 28-05-21.md b/__unsupported/pooltogether/Gov Weekly/Update Week 21 2021 28-05-21.md new file mode 100644 index 0000000..8e5f2ff --- /dev/null +++ b/__unsupported/pooltogether/Gov Weekly/Update Week 21 2021 28-05-21.md @@ -0,0 +1,104 @@ +# Governance Update + +## Recent Votes [On-Chain] + +| Name | Category | Link | +| ------------- |:-------------:| :-----:| +| (PROPOSAL #14) PTIP-15: Part 2 - Deposit POOL | Incentives/Tokenomics | [Vote](https://vote.pooltogether.com/proposals/14) | + +Summary:\ +This proposal is to continue POOL distribution to governance managed prize pools at a reduced rate. If not passed, POOL distribution will completely stop on May 26th. + +Closed: May 22 + +Outcome: Passed and Executed + +| Name | Category | Link | +| ------------- |:-------------:| :-----:| +| (PROPOSAL #13) PTIP 15: Part I - Reduce Drip Rates | Incentives/Tokenomics | [Vote](https://vote.pooltogether.com/proposals/13) | + +Summary:\ +This proposal is to continue POOL distribution to governance managed prize pools at a reduced rate. If not passed, POOL distribution will completely stop on May 26th. + +Closed: May 22 + +Outcome: Passed and Executed + +## New Discussion Posts + +| Name | Category | Link | +| ------------- |:-------------:| :-----:| +| PTIP-17: Deposit USDC into USDC Prize Pool Sponsorship | Treasury | [Discuss](https://gov.pooltogether.com/t/ptip-17-deposit-usdc-into-usdc-prize-pool-sponsorship/1146) | + +Summary:\ +Initial stage of proposal to deposit the $4.8 million of USDC currently sitting in the timelock 2 contract into the sponsorship of the USDC prize pool. For voting purposes, combine this action with PTIP-16. + +Date Created: May 26th\ +Last Active: May 27th + +| Name | Category | Link | +| ------------- |:-------------:| :-----:| +| PTIP-16: C4 Audit Contest | | [Discuss]() | + +Summary:\ +Initial stage of proposal to fund a [Code Arena](https://code423n4.com/) (C4) contest to audit the critical components of the PoolTogether codebase as well as new yield sources. + +Date Created: May 25th\ +Last Active: May 27th + + +| Name | Category | Link | +| ------------- |:-------------:| :-----:| +| KPI options- What communities to include in order to incentivize rapid TVL growth to 1B? | Treasury | [Discuss](https://gov.pooltogether.com/t/kpi-options-what-communities-to-include-in-order-to-incentivize-rapid-tvl-growth-to-1b/1107) | + +Summary:\ +Discussion regards proposal to airdrop KPI options to carefully selected communities with a goal of reaching 1B TVL by a set date. It is, particularly, requesting discussion on which communities to include in this program and advocating for Compound. + + +Date Created: May 20th\ +Last Active: May 23rd + + +## Ongoing Discussions + +| Name | Category | Link | +| ------------- |:-------------:| :-----:| +| Quickswap Mining with POOL/Quick | Treasury | [Discuss](https://gov.pooltogether.com/t/quickswap-mining-with-pool-quick/1062) | + +Summary:\ +Discussion advocates that the PoolTogether treasury allocate approximately $250k in POOl tokens and $250K in USDC from PTIP-13(Assuming it passes) to seed a liquidity pool on Quickswap. The USDC would need to be swapped to QUICK on polygon to create the LP token pair of POOL/QUICK. + +Update: +Amonghst ample support, [questions](https://gov.pooltogether.com/t/quickswap-mining-with-pool-quick/1062/7) as to whether with SushiSwap now being on Polygon and them doing a really large campaign with Matic rewards if that might be a better spot for us? + +Date Created: May 12th\ +Last Active: May 25th + +| Name | Category | Link | +| ------------- |:-------------:| :-----:| +| Reserve Rates | Treasury/Strategy | [Discuss](https://gov.pooltogether.com/t/reserve-rates/1110) | + +Summary:\ +Open discussion regarding best strategy for reserve rates. Primarily advocates that community should lower reserve rates to optimize for larger prize sizes in the early stages of protocol growth + +Update: +[Pushback](https://gov.pooltogether.com/t/reserve-rates/1110/14) +arguing that reserve rates should not be changed and instead community should (1) Continue to work on ways to help small depositors win (pods should be a big help here) and (2) Continue the discussion on more interesting ways to use the proceeds from the reserve + + +Date Created: May 21st\ +Last Active: May 27th + + +| Name | Category | Link | +| ------------- |:-------------:| :-----:| +| POOL pool Jackpots | Strategy/Treasury/Tokenomics | [Discuss](https://gov.pooltogether.com/t/pool-pool-jackpots/1116) | + +Summary:\ +Discussion gauging support for keeping the reserve rate at 50% but split it between treasury and POOL pool jackpots + +Update: +[Questions](https://gov.pooltogether.com/t/pool-pool-jackpots/1116/22) as to the prize and distribution strategy + +Date Created: May 22nd\ +Last Active: May 27th