Link to snapshot Snapshot
Implement Badger pool as a temporary governance pool. Initiate POOL rewards at a rate of 50/POOL per day for 12 weeks. Apply the prize received from Badger as 200 Badger per week for 12 weeks.
This proposal will:
- Use POOL from treasury to fill a token faucet that drips POOL to Badger pool ticket holders at a rate of 50 POOL per day for 12 weeks.
- Use Badger received from Badger treasury to fund a prize
- Give Badger a 12 week Trial as a governance pool.
- Reward 100 POOL to myself for work on this deal.
- Reserve rate 5% as is standard with governance pools.
This is an opportunity to extend our reach in the DEFI space. Badger is a large fast growing community and this partnership will be very beneficial to our growth. This 12 week period will act as a trial period to test for a longer relationship between our communities. This trial can also help blaze a trail for future pools/communities that we decide to work with.
The Badger snapshot vote to contribute 2400 Badger from the Badger Treasury to the Pooltogether Badger Pool has now passed snapshot vote. This means 200 Badger per week for 12 weeks in the Badger prize pool. This is a roughly $100,000 commitment from the Badger community.
I now propose fulfilling a commitment from the Pooltogether community to help build this pool and this relationship. I propose granting the Badger Pool a trial period as a governance pool for 12 weeks. Our agreement in principal is 50 POOL per day and I think this is in line with the commitment from the Badger community. This is far less than the current rates of the UNI and COMP pool but given that there is talk of reducing all pools I see this a a good starting point for this trial period. Badger is a large and successful community and I hope our community can see the value in building this relationship and rewarding the Badger communities commitment.
Possible roadmap in building Badger and pooltogether relationship.
1-BIP 42 goes to snapshot and passes.
2-PTIP proposal goes to snapshot and passes.
3-Badger pool funded and 12 week trial begins.
4- Yield source bounty created by the Badger team.
5-Pool grows as Badger holders earn POOL and have fun winning prizes.
6-Yield source added before end of 12 weeks and users stay in the pool.
7-Possibility of POOL rewards extended.
8- Possibility of bringing in more Badger products.
Reserve Rate: 5% (standard rate for governance pool)
Rewards rate: 50 POOL per day for 12 weeks
Prize: 200 Badger per week for 12 weeks
Featured on main page with governance pools for 12 week
Reward to myself: 100 POOL As was brought up in the community call on Friday I have added a 100 POOL reward for negotiating the Badger and Pooltogether partnership. Thank you!
- StakePrizePool for Badger
- TokenFaucet for POOL
- PrizeChunker for BADGER
4200e18 Pool over 12 weeks = 4200e18 POOL over 7257600 seconds
=> 578703703703703 POOL / second
Configured to drip POOL as measured by TBDGR at 578703703703703 POOL / second
- Pool.approve(TokenFaucet, 4200 pool)
- tokenFaucet.deposit(4200 pool)
- Pool.transfer(Tuna, 100 pool)