PTIP-2
Simple Summary
Change the reserve from 0% to 5%.
Abstract
This proposal will change the reserve rate from 0% to 5% by setting the Reserve contract’s reserveRateMantissa to 50000000000000000 (which is 0.05 as a fixed point 18 number).
Motivation
PoolTogether needs to start capturing value for the treasury while the prize pools are so large. The whales are here to farm POOL so we need to take advantage.
Specification
Overview
This PTIP will update the Reserve contract’s reserveRateMantissa so that reserve is captured by every prize pool. The reserve will apply to the yield of each prize pool, and must be pulled in individually from each prize pool.
Rationale
It’s a simple parameter update; no rationale is needed.
Technical Specification
The on-chain proposal will have a single contract call:
| contract | function | parameters |
|---|---|---|
| 0xdb8e47befe4646fcc62be61eee5df350404c124f | setRateMantissa(uint256) | 50000000000000000 |
Status
Depending on what stage the proposal is in you must include:
Snapshot Vote (this was done prior to PTIP definition)