In V4 prizes do not adjust dynamically. Dynamic prize adjustments are important because they create a growth feedback loop and variance (this has been discussed more in scaling prizes).
Figuring out the ideal prize distribution to foster growth is going to be very important and early on, we should be experimenting!
Given this, I’d like to propose an update to the prize distribution. Our current prize distribution is below:
New Proposed Prize Distribution
The sole difference is adding 2,731, $1 prizes. Obviously these prizes are very small but it means many people would win at least something every day. This type of distribution structure is common in prize savings accounts.
Since prize distributions are going to be changed frequently. It won’t make sense for us to have on-chain governance votes to approve each change. Instead I would propose we use:
- Use 2 day snapshot votes to signal on changes
- Assume any snapshot vote with a simple majority passes
Ultimately, it would be great to have a person / team dedicated JUST to designing the most effective prize distribution strategies.
Right now, I’d love feedback on this change. If there seems to be general support I’ll create the snapshot!
- Support this change to prize distribution
- Oppose this change to prize distribution