I am proposing a stable coin pool (preferably USDC/DAI) where all the proceeds will go to charity.
The specific structure of the pool would be that it runs in seasons/long durations (1 month) and that at the end of the time period, the interest gained would be sent to a charity wallet decided by snapshot governance. 1-2 Weeks before the start of the next season, there can be a governance vote held to decide the charity wallet that will receive the funds at the end period.
For (random) specifics that may or may not be controversial
- For the first pool creation, the charity will already be chosen, but following this, the pCharity (pool token) should be the deciding factor for governance of this pool instead of the POOL token. The reason I am suggesting this is so the donators (the ones making this possible) have full rights to decide where their money should be going
- Following seasons, POAP should be distributed for donators based off the charity that was donated to
- As I understand it, voting can influence on chain events. The voting before the start of the next season should list the charities, their website, and their public wallets. Within the voting options, there should be an option for “None of these charities”, which if it holds the majority of the votes, should resolve to having a default charity chosen (My personal choice is gitcoin)
- If the pool does not receive enough engagement, based on community decision, I think the USDC pool should be taxed 1-5% on winnings (and reflect that in the prize. Currently the prize is 71k, but instead would show between 70290 and 67450 as the winnings for that week)