A big feature of the V3 PoolTogether Protocol has been the ability to provide both deposit rewards and referral rewards. These rewards were initially funded by the PoolTogether core team for the first 8 weeks of the protocol.
Strictly analyzing the numbers, rewards in PoolTogether V3 have not been successful. The initial 8 week trial period is almost complete and by analyzing the rewards contract we can see:
Only $5,351 of the $16,000 in award allocations have been claimed
Only ~10% of current depositors have claimed rewards at all (387 unique claim events)
255 of the claims were for reward amounts of LESS than $1 meaning they users actually lost money (due to gas fees) in claiming the rewards.
Additional to these stats, the current implementation of rewards has a major downside of adding roughly 200k gas limit to every deposit and withdraw (roughly $4 at a gas price of 40 Gwei)!
For these reasons, I do not believe continuing rewards in the current iteration makes sense. They are not widely used and add to much to gas costs.
The above notwithstanding, I do believe rewards are still an important part of protocol growth – they just need to be implemented better.
At a high level I would propose creating a rewards staking contract. This would keep the gas fees for depositing to an absolute minimum but once depositors have tickets they could deposit them into the staking contract. This also opens the door for us to reward users from multiple different pools and many other advantages a more flexible approach can have. I haven’t thought through the details of this but I think this can be a starting point for community discussion!