# 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