Hello PoolTogether community! Brian here from RabbitHole. For those who don’t know, RabbitHole is a platform for users to learn about and participate in crypto protocols while earning ownership in them. We’re excited about the potential of PoolTogether as a new savings money lego and think RabbitHole would be a great fit to help drive more users to the protocol.
In the past, we made a proposal to create a RabbitHole quest to increase the number of unique deposits in the pool. The feedback that we got from the community was that a) gas costs were currently too high and b) it was too early to incentivize further deposits.
We took in that feedback and now want to make a V2 of the proposal. This proposal will focus on the pool on Polygon and increase the number of unique depositors in the Polygon pool.
Task Details:
Deposit DAI in the Polygon Pool and participate in a draw.
1 POOL per user for completing the task
First 1000 users to do the task and confirm proof on RabbitHole by signing a message will receive 1 POOL
This quest will run for a one week period. If some of the rewards aren’t redeemed, they will be sent back to PoolTogether Treasury
1200 POOL in total (200 POOL will go towards RabbitHole DAO*)
Everyone who completes the quest will get this NFT (file too big to post in forum)
*200 POOL for the RabbitHole DAO will be locked for 1y and to be used actively in governance as a DAO delegate.
We’re hoping this will bring more retail users into the PoolTogether ecosystem who haven’t been able to experience it before and have a chance to win the prize on Polygon. Looking forward to hearing feedback on this proposal.
Love that this came back to the table with improvements! Can I ask why 1 week was the decided duration? Would it be worth any efforts to blacklist addresses that already hold POOL?
This sounds great to me, and the cost seems much more proportional to the gain than V1 of the proposal.
A couple questions:
Will the users receive their 1 POOL on the Ethereum or Polygon network? If it’s on Ethereum, will RabbitHole cover the gas costs of sending the tokens?
Will you help users figure out how to bridge funds from Ethereum to Polygon in case they don’t have any money there yet?
Love that this came back to the table with improvements! Can I ask why 1 week was the decided duration? Would it be worth any efforts to blacklist addresses that already hold POOL?
Why would be the reasoning for blacklisting addresses who hold POOL? I’m sure there are some users who hold POOL but have not joined the Polygon pool.
Will the users receive their 1 POOL on the Ethereum or Polygon network? If it’s on Ethereum, will RabbitHole cover the gas costs of sending the tokens?
Users will get their POOL on Ethereum mainnet. Yes we can cover the gas costs and can come out of the fee for RabbitHole.
Will you help users figure out how to bridge funds from Ethereum to Polygon in case they don’t have any money there yet?
We can create a guide for users who haven’t used the Polygon bridge before, and can even potentially require it as part of the quest. That might be interesting to do here. What do you think? @Torgin
i agree. shouldnt be mandatory in case people already have funds on polygon. dont forget zapper has the simplest bridge out there right now. you just cant bridge back yet through them. but i know they are working on it.
overall i would support this proposal. it is a reasonable expenditure that could yield worthwhile results.
i am curious though if one week will be a long enough duration?
I think it shouldn’t be a mandatory part of the quest, as some users may already have funds on Polygon. Maybe an optional “side-quest”.
Great, that sounds good. One potential problem is that the gas cost to use the bridge will be greater than the reward, so many people might not want to complete the task. Will be interesting to see.
i am curious though if one week will be a long enough duration?
@RegisIsland great question! We should actually 2 weeks for this to make sure there’s ample amount of time to do the task. Will update the OP.
Is there sybil protection?
Yes @Brendan there is sybil protection! We have BrightID integration which we can use. We can also do verification parties in the PoolTogether community calls to make sure everyone in the community call is verified.
Hey @brian_rabbitholegg, we (the community) discussed this at some length yesterday on the swim meet, as a whole we were all really onboard with this idea and feel that it should be moved to a PTIP to get this moving quickly through the governance steps. Let me know if you need any assistance with this, I’m happy to help as I’m sure many others are too.
