We have been sitting in the 170-200MM TVL range for quite some time and I’ve been trying to think of ways to heat things up. One idea that I’d like to discuss is having a well marketed 1MM guaranteed prize go to the POOL pool on New Years Day. This would give the time needed for build up and marketing. The way I see it if we can get people hyped on this 1 Million dollar prize it could create a surge in demand for the POOL token which could boost APR in all of our pools and attract a wave of new depositors. Maybe this is the catalyst we need to get us to 1B+ TVL and 1MM+ prizes funded by the interest. It could be awarded in USDC from treasury or POOL from treasury. If it is funded in POOL from treasury and drives up the price then it will cost us less POOL by the time it is awarded but the winner will likely sell it off so it could add to sell pressure when draw is over.
- Great odds for someone to win 1MM dollars.
- Amazing marketing opportunity.
- Opportunity to drive up APR + Deposits.
- Possible negative impact to governance.
- Could be a sharp drop after the draw.
Let’s discuss and hear your ideas to improve this proposal.