PTBR-18: PoolTogether <> G9 Software Inc

Yes I am here because I care about the protocol and what you decide .

The metrics I have to go on in regards to growth are on chain and on Twitter as I have shared my issues regarding the disrespect of the Gen Software team in the privileged/controled Discord space. In the past 30 days, here are the announcement or “progress” shared from the Pool Together twitter handle. TLDR, there is a summery of the tweets at the end.

Blockquote
July 2nd-End of Sherlock Audit
July 4th-OP Grand Prize now 2eth
July 8th-Incentives for Security
Same Day-Kames.eth Quote about a “Wild Idea” saying “Who’s In”
Same Day-Kames.eth retweet about how he sold RPGF grant funds at the top and will sponsor delegations
July 9th
Kames.eth Delegation quote
Same Day-Retweet of user winning $100
July 11th-Kames.eth delegation selection retweet
July 11th-URLs are secure
July 12th- Kames.eth Delegation retweet
July 16th- Bonus Reward on USDC vault
July 16th- Nookie (Generation Employee) saying “Best place in Defi right now”.
****I dont think anyone would agree with this and likely goes in the false category with the quote that “71000 people use the protocol” on PoolTogether.com
Same day- Retweet at someone deposited in the protocol
July 17th- Kames.eth Delegation quote
Same Day- Retweet of someone suggesting that people should deposit
July 18th- Voting live for 2 PTIPs.
****I am really curious what makes a PTIP eligible for a tweet. Seems selective by people with power.
July 18th- Tweet about bonus rewards
Same Day- Tim retweeted saying try PT
Same Day- Rewards Live tweet
Same Day- Self retweet
July 19th- A pic of grand prizes saying “I dare you”
Same Day- Two new vaults deployed
Same Day- An actual Growth metric saying that $71,000 has been deposited over a week from Superform
Same Day- Kames Delegation
July 20th Kames retweet about how USDC vault that has been selectively given additional promotions has grown 7x larger than any other pool
July 22nd- Someone won 0.5eth and “No one has lost a cent”.
****This is disceptive as I know that stakers have lost a lot with POOL price decreasing 40% this month and we can not get into LPs. I understand there is risk in crypto, but retail users will get rekt by your words.
Same Day- 2 new prize vaults
Today- User retweet of you might get lucky if you deposit
Today- "What if I told you that you could win $10,000 without spending a dime? " referring to the chance of a delegation might give you a chance to win .

To Summarize:

  1. four new vaults
  2. Kames is giving delegations
  3. USDC was selected by the Team for Excessive Perks funded by the DAO and grew at least $70k (reported by superform not pt). Note we are unsure if that $70k was just pulled out of other vaults.
  4. The Dao incentivizing only Vaults that gen software deployed as broader incentives.
  5. A user won, a user deposited, and a couple retweets saying you should deposit.

These are the metrics that you shared and I don’t think spending DAO funds and deploying four vaults is worth $90,000 for generation software. If that is the case I have made three deployments of then entire pool together protocol with three different interfaces… What is that worth? From my experience being ignored.

I have expressed that metrics like unique wallets that could honestly be one person total using the protocol isn’t the best metric of user growth and it is a fact that Generation’s github and protocol design has a focus on bot usage.

While TVL broke out now, It looks about the same as draw 22 which would have been mid May
image

The previous PTBR focused on growth of users and it was stated as “1000 active accounts” a month ago. From the looks of it there are 200 more “unique wallets” not necessarily active accounts.

These also show me that nearly half the “unique wallets” that have used pool together this year have left in the 4 months of existence

It is possible that there are 200 new users, but you can not rule out it being 200 new addresses

Cool. these deployment are not progress this quarter. I deployed the protocol three times too and each have a different user interface including gasless transactions on one. This does not impress me especially knowing that I likely have to deploy the protocol again. Come on, how many V5 redo’s will there be? .

If you want, I will go look into your “Community Involvement” in the discussion as you said , but I’m sure it is people on payroll and a couple ignored community members. I will have to back this up if you have an issue with what I believe to be a likely outcome based on my experience and time in your discord I will dissect that point for you.

Well I have three protocol interfaces lol. We dont need to pay GenSoftware $90k to spend DAO funds to incentivize vaults.

Ah, so it is a requirement to be in the discord to be part of the community. You said the opposite in my Fork thread. How about having these calls in a public space like twitter?

It’s definitely fair to say that you have zero idea on how much I have been following and your statement is a pure assumption or speculation on your part. This is an example of how you attempt to discredit anyone who speaks up on the platforms you control.

This statement is a miss on my part. I realized it in this edit. Sorry.

Blockquote
Let’s please stick to the Code of Conduct. Your recent engagement exclusively consists of spreading false information and badmouthing people.
Please see this as your last warning, as this is not the first time you are reminded of the CoC.

This direction of convo is retracted noting my realization above. Mybad

On the note of how it is said, I agree I shouldn’t say that it will likely be that outcome. I will continue to share warning on how this could happen or might be happening now. I hope your response is not trying to silence the worry of it happening of it or my act of informing users of the possible threat of it coming true.
I will say “Watch out, this could be an example or a precursor to it being the major issue that I shared and retracted.”

I believe that my statement expressing the lack of value to growth is valid and as a summery.

  1. We can see that 200 new ADDRESSES have deposited in a month (based on Cabanalytics user stats minus 1000 that Branden stated are already active) and it is shown that 713 addresses have left in the three-four months of the protocol being live.

  2. No record if they are new or active users. No growth in human vocalization or social activity. Only shown on the Gen Software released UI.

  3. Vault incentivization funded by the DAO has worked. IMO Gen Software doesn’t get the credit for spending dao money on chosen vaults. I suggested voting on which vaults get perks, but you didnt care to respond in the Fork post.

  4. The previous accomplishment of listing on superform was a good idea. Not progress this quarter.

  5. Four new vaults have been deployed. It’s something.

Here, I see four new vaults were created by generation software for $90k. While I’m sure there are UI upgrades and other things done, in regards to the goals of this funding round above, I do not see the progress proposed in this request 1/3 into the duration.

This "progress vs the three interfaces and three different protocol deployments that I did that between July 1st and 8th (holiday week for US people), the growth show to cost $90000 has been a dud.

If deploying on the list of chains above justifies $265k this quarter, then I will do that today and tomorrow for $1000. :roll_eyes: I get that I would building on the previous work done when running existing scripts/simulations, but that is exactly what generation software is trying to play up being worth $265k

Maybe I should say the words feel or believe less often when I speak, but let me know if i missed anything.

If I missed any banger announcements, maybe your method of only sharing Pool Together progress in discord is probably not the best route to get the message out to more people.