Grow prize pools on Polygon by starting to provide POOL incentives.
The prize pools on Polygon are more accessible than the ones on Ethereum because of lower transaction fees. Incentiving their growth with POOL tokens will lead to faster growth in unique users than Ethereum. Additionally, with proper incentives we can see large prizes for the first time on a low transaction fee network.
- Begin 100 POOL per day sponsorship drip to USDT on Polygon
- Begin 100 POOL per day sponsorship drip to USDC on Polygon
The prize pools on Polygon have been quite successful due to the low transaction fees. The prize pools on Polygon are actually growing the fastest of any prize pools (in terms of unique deposits). Up until now, Polygon prize pool have not been promoted with any POOL token distribution. Beginning POOL token distribution is a next step in growing the protocol on Polygon.
The rate of 100 POOL per day roughly matches the current dollar value of incentives being provided to the USDT prize pool. Current daily POOL emissions are 2,150 across all networks and prize pools. Increasing this by 200 represents a total increase of ~8% per day.
Putting the POOL distribution towards sponsorship will enable normal depositors to have a much higher chance of winning.
Final this will help build our presence on Polygon in anticipation of the V4 prize pool launch!
Based on feedback, an additional 5,000 POOL is being added to this PTIP to go directly to the Polygon Operations team. This will give the operation teams flexibility to manage more incentives and growth on Polygon without needing another vote.
Technically this proposal would transfer enough POOL to fund both incentives campaigns for 6 weeks. This will align the Polygon incentives with the ones on Ethereum. The POOL will be transferred to the Polygon operations team who will disburse it.
- Transfer 5,000 POOL to the Polygon Operations team Multsig: 0xfaA08668FD52f74c09D4D3091E463ff736c5f269 (confirm address here)
- Fund the USDC sponsorship faucet with 4,200 POOL (100 POOL per day for 6 weeks)
- Fund the USDT sponsorship faucet with 4,200 POOL (100 POOL per day for 6 weeks)
Do you support providing 200 POOL per day in incentives to Polygon?