I’d like to add another discussion point that I think is worth covering: having different tiers per chain . This idea has already been discussed and has support.
I agree that different tiers per chain is a super interesting concept, but balancing the different pools is harder than I thought at first sight. Therefore, coming to a conclusion as a community would take us some time which, unfortunately, we do not have right now.
Prize distribution needs to be changed, and to do that we have to get things moving with some polls and opinions. Let’s go!
First topic is $1 prizes. Some people love them, some hate them. I think they are really interesting and actually improve a lot the chances of getting a prize (metric that people really look at). On a different side of things, gas prizes on Polygon are crazy these last days, which makes $1 prizes not really viable. I know that in the future it may be possible to have those prizes only on specific chains, but for now, I would focus on one prize distribution for all chains.
- Yes, keep them!
- No, eliminate them!
Second topic is the prize cap. We have been with a 2 prize cap since the beginning of V4. For those that have not thought much about it, what the prize cap is effectively doing is decrease the expected yield from depositors with higher amounts, while not affecting small fishes. From some simulations, I would say that people with less than 10K are basically not affected, and the more you go up from there, the more it may affect you. However, this does not mean that whales are not getting prizes, in fact, right now they should expect over 10% APR, which is still great.
- Decrease the prize cap to 1
- Keep the prize cap in 2
- Increase the prize cap to 3 or higher
I’ve tried to be “impartial” the best I could to check what people think and get the voting going. I will express my opinions cleare once we get some answers.