boardroom-inc-protocol-Info/__unsupported/pooltogether/Gov Weekly/Update Week 21 2021 28-05-21.md
2021-05-28 01:47:53 -04:00

4.5 KiB

Governance Update

Recent Votes [On-Chain]

Name Category Link
(PROPOSAL #14) PTIP-15: Part 2 - Deposit POOL Incentives/Tokenomics Vote

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

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

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 (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

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

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 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

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 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

Summary:
Discussion gauging support for keeping the reserve rate at 50% but split it between treasury and POOL pool jackpots

Update: Questions as to the prize and distribution strategy

Date Created: May 22nd
Last Active: May 27th