this is already in effect.
I can’t believe I missed that. Please excuse my ignorance.
2 Likes
Going to keep banging the drum on this: I’d move ~80% of the rewards to sponsor pools that contribute to the prize but aren’t eligible to win. This will help reduce the likelihood of whales winning prizes and I would expect the effective APY btw the sponsor and main pools to equilibrate quickly.
Overall, I’d also strongly recommend not incentivizing multiple USD pools. I know the team has spent a lot of time in the past thinking through pros/cons and architecture for doing pools that have the Curve 3Pool or something similar as the yield source. I’d recommend putting that up for the community to discuss. Concentrating into a single USD pool will lead to MUCH larger headline prizes and easier messaging for non-cryptonatives.
5 Likes
That feels like too drastic a change to the main pools. If someone is forced to withdraw and deposit into a different contract that would be quite a bit in gas fees. Also once the money comes out of the pool there’s no guarantee it goes back in the other contract. They may decide to go elsewhere at that point.
1 Like
For the change to the incentives shifting to sponsored pools, the type of users we’re trying to get to move to a separate pool don’t care about gas fees and tend to follow incentives.
If you’re talking about moving to a combined USD pool, yeah, there will definitely be pain around that. I think the DAO could consider reimbursing fees to users who use a Zap or something similar to move to the new pool.
4 Likes
I completely agree about moving the POOL rewards to sponsorship, either partially or fully. I made another forum post about having the POOL rewards directed towards sponsorship. Apply drip to sponsorship contract only for WBTC and USDT - #4 by ageless
I will also bang the drum again. I have been voicing this for the last 2 months. Please seriously consider moving the drip reward either partially or fully to sponsorship in the architecture. It is a game changer and I can’t believe more people aren’t pushing for this.
6 Likes
I like this idea as well. I’m mostly just worried about the complexity around implementing. Specifically at the UI level. The smart contracts would be simple. But it would create two different methods of depositing and would need a decent amount of re-working.
Temperature check on POOL distribution.
please visit the link Here to see the current distribution proposal.
DAI/USDC Distribution/Day
- 1000
- 800
- Something Else
0 voters
UNI/COMP Distribution/Day
- 100
- 50
- Something Else
0 voters
POOL Pool Distribution/Day
- 100(No Change)
- 50
- Something Else
0 voters
USDT Distribution/Day
- 400
- 200
- Something Else
0 voters
gUSD/bUSD/sUSD Distribution/Day per pool
- 100 each
- 50 each
- something else
0 voters
USDT Sponsorship Drip(should POOL drip to Sponsorship instead of to the regular despositors)
- Yes, 80% to Sponsorship 20% to regular pool
- Yes 100% to sponsorship
- NO, all POOl to regular prize pool
0 voters
Uniswap LP Token Distribution/Day
- 500
- 250
- 150
- Something Else
0 voters
New Pool Reserve
- 400
- 200
- Something Else
0 voters
3 Likes
Show
Is perfect i love pool
Can you please explain what happens by moving drip rewards to sponsorship?
What does sponsorship look like in PoolTogether? Sorry if my questions are naive.
if you move the drip to sponsorship then the farming whales will move their funds there. funds deposited in sponsorship are not part of the prize drawing(they are not eligible to win the prize). the funds deposited into sponsorship do however contribute interest to the prize. therefore, theoretically, the size of the prize would remain the same, but the small fish would have a much better chance to win.
2 Likes
Good night.
I will be grateful if someone helps me with a consultation, and my apologies for doing it in a group that very possibly does not correspond, but I have not found another place to do it.
It happens that I enter pooltogether with metamask in order to buy a ticket and I transferred to this address.
0x6b175474e89094c44da98b954eedeac495271d0f
The point is that I don’t know if I provide liquidity to a pool or I am participating in a lottery. I don’t know what situation the transfer was in or if it was lost.
Well, any data or page where to find information will be very useful to me.
Greetings
1 Like
Sadly it looks like you transferred your Dai to the Dai contract itself (which is not related to PoolTogether at all). So in that case, those funds are lost.
I understand, I appreciate your time to send me this information.
Best regards.