PoolTogether

PTIP-33: Polygon Operations Team

PTIP-33: Polygon Operations Team

The Polygon Operations Team is a multisig that will manage pool rewards on Polygon. The team will operate until governance has been extended to that network.

Abstract

This PTIP will form the Polygon Operations Team. It won’t require any governance transactions; it simply uses the PTIP as an official process to form the Polygon Operations Team. We’ll define the members, process, and constraints for the team.

Motivation

The PoolTogether protocol wants to expand operations on Polygon. In the long term, we will extend protocol governance to Polygon; POOL token holders on Ethereum will be able to vote on changes to Polygon smart contracts. In the short term, we need boots on the ground on the Polygon network.

There is a lot of discussion around adding rewards on Polygon; specifically PTIP-28: Filling the Polygon Pool. In order to move quickly on this, we need to form a Polygon Operations Team.

Specification

Responsibility

The Polygon Operations Team’s responsibility should be limited to owning and stocking faucets for pool rewards. This mitigates risk to the size of the budget they control. Prize pool ownership will be retained by PT Inc. until POOL governance has been extended to Polygon. PT Inc. is effectively bonded because of the team’s holdings of POOL. A healthy PT is in our best interests.

The worst case scenario is that multisig goes rogue and steals its own budget. We just need to make sure we’re not risking too much. I think at most $100k, although I’d be interested to hear other people’s opinions.

Membership

Members should be known members of the PoolTogether community. Ideally membership doesn’t overlap significantly with other multisigs.

If you would like to be a member please comment below. If you have an issue or thoughts then please comment below.

Process

  • The team must establish consensus with POOL holders before making any major changes. This team acts as an extension of PT governance. Snapshot can be used for this.
  • The team will need to coordinate at least once per month to ensure faucets are running smoothly.
  • The team has the right to regulate themselves. If a member is not participating then the team can remove the absent member. The team should replace that person with another member of the community that meets the eligibility criteria, if possible.
  • The team should have at least five members
  • Must always require a supermajority for quorum (confirmation ratio of at least 60%). This can be changed when members are added or removed.

Rationale

This PTIP will allow governance begin rewards on Polygon in the short term, and reduce custody risk by having community members control the funds.

Technical Specification

  • A Gnosis Safe will be deployed on Polygon and all members added to it. Confirmations will be configured to require 60% or higher quorum.

Status

  • Yes! Let’s do it.
  • No I have an issue with this and I’ll explain below.

0 voters

2 Likes

Tagging @Lonser @underthesea @RegisIsland @drcpu @Hook @rliriano to gauge interest

6 Likes

I would be happy to be on the multisig. For the people!

6 Likes

I am active in polygon POOL from day1 and like to contribute to the multisig. Let’s make it fully decentralized. I have active job but can participate in team activities.

2 Likes

Hello :wave:t3: it would be my pleasure :innocent: to serve however I can.

Thanks.

:wink:

3 Likes

I would be happy to help in any way I can. :+1:

3 Likes

Nice idea, if needed I guess I can help too :slight_smile:

Overall really nice to see PT move forward on Polygon, and I’m really excited for V4 :smiley:

3 Likes

Thanks for organizing this @Brendan. I am excited about expanding on Polygon and happy to be on the team

2 Likes

All I have done is attend the PT voice calls and talked about https://gov.pooltogether.com/t/charity-pool-where-proceeds-go-to-charity-determined-by-governance/1308/5, how else should I contribute to be part of a team?

1 Like

The best way is to speak up during discussions and actively vote with your POOL tokens. This project is community-led so it’s important to hear everyone’s voice.

1 Like

Would everyone that is interested in participating please comment with their address. Ideally it should be verified on Sybil. Not required though.

2 Likes

Hello :wave:t3:

0x684f49bc1e04339d84F2370f14Dc1491A3B4F113

Thanks.

:blush:

1 Like

0x69b552292fb5E71632bfecBD592c03D7998259BA

2 Likes

0x93146d9978d286EE085ba68eE1786a0b6EDA64EC

1 Like

0xe0e7b7C5aE92Fe94D2ae677D81214D6Ad7A11C27

2 Likes

0xb9a28ce32dcA69AD25E17212bC6D3D753E795aAe

Would love to take on this responsibility and represent pool together!

2 Likes

really dig this approach to an option that’s been discussed to some length for a while and haven’t totally realized yet.
5 people, 3 of 5 sig, up to $100k held at any time… all make sense to me. rather than expect this budget to last a set period of time, this team will just need to apply for refunding when their budget is depleted by various reward pools and faucets over time.

2 Likes

0x43b6F318fAe8D31B9c5c6C8200a7Ed2Dbd2BD762 (not verified on Sybil though)

1 Like

Looks like we’re all here. I’m going to spin up a Safe.

Stay tuned

3 Likes

The Polygon Operations Team has been added to a new Gnosis Safe. The Safe’s address is 0xfaA08668FD52f74c09D4D3091E463ff736c5f269

The members are:

  • @Brendan 0xA57D294c3a11fB542D524062aE4C5100E0E373Ec
  • @drcpu 0x43b6F318fAe8D31B9c5c6C8200a7Ed2Dbd2BD762
  • @RegisIsland 0x69b552292fb5E71632bfecBD592c03D7998259BA
  • @Lonser 0xe0e7b7C5aE92Fe94D2ae677D81214D6Ad7A11C27
  • @rliriano 0x684f49bc1e04339d84F2370f14Dc1491A3B4F113
  • @underthesea 0x93146d9978d286EE085ba68eE1786a0b6EDA64EC
  • @Hook 0xb9a28ce32dcA69AD25E17212bC6D3D753E795aAe

It’s a 4/7 multisig.

I’m going to add a Polygon Operations Team page to the knowledge base. I’ll post it here when it’s ready.

5 Likes