Thanks for kicking this discussion off @ageless ! I’d love to see this voted on by the end of the week. Here are my thoughts in response to your question
1). Length of reward cycle
I think initial modeling the funding out for 12 months makes sense. Technically governance could adjust the distribution post launch but it’s helpful to think of it in 12 month cycles.
2). Drip Rate || POOL/day
You suggested 255 per day, which would match what the COMP and UNI pools have, this would be 93,000 POOL distributed over the course of 1 year (0.93% of total supply). This seems reasonable to me. Getting about 1% of total POOL supply to long term aligned holders. However, this would not include the weekly prize. So perhaps we do a drip rate of 200 POOL per day and then allocate the remainder so the weekly prize is 385 POOL per week.
3). Early exit fee
I agree making this high makes sense. Again, it rewards long term users. There are some hard caps set by the protocol to prevent malicious prize pools so the highest we can set it to is 10% early exit fee decaying to 0% over 28 days. I think we use that.
5). Number of Winners
3 weekly winners.
6). Gasless Voting
On this point, we simply needed to decide who would hold the multi-sig wallet that would be in charge of committing the snapshot votes on chain