This proposal authorizes the Executive Team to manage an Optimism prize pool, and transfers USDC to the executive team to use as liquidity.
The PoolTogether Executive Team operates according to established mandates. A mandate is a north star that the executive team can act unilaterally to support. For more background see PTIP-53: Executive Team Budget. This proposal explicitly authorizes the Executive Team to manage a PoolTogether protocol prize pool deployment on Optimism, an Ethereum L2.
This proposal will also transfer $250k USDC to the executive team to be used as prize liquidity. It is expected that this liquidity will be used to bootstrap the Optimism prize pool. However, balancing prize liquidity is at the discretion of the executive team.
Many users have expressed the desire to deposit into PoolTogether on Optimism. These users aren’t comfortable with the risk profile of Polygon, so they wish to use an Ethereum L2. Additionally, Optimism will soon have deployment incentives for dapps. PoolTogether can be part of the incentivized cohort.
This proposal includes a policy component and a technical component.
- The policy change is to authorize the Executive Team
- The technical specification will be to transfer funds to the exec team
While framed as an Exec Team mandate, this proposal is indirectly authorizing a deployment to Optimism. Before committing to the work of deploying to Optimism, it’s important to first get approval from the DAO. This signal will be valuable.
This proposal will:
- Withdraw $250k USDC from the PT V4 prize pool on Ethereum.
- Transfer $250k USDC to the Executive Team Gnosis Safe on Ethereum.
Open for discussion. If no change is desired, will move to vote.