[RFC] PTBR-28: Continued POOL Incentives

PTBR-28: Continued POOL Incentives

Start Date ~May 1st, 2025
Duration 12 months
Budget 2M POOL

This PTBR extends the current POOL incentives for another year.

Scope of Work

Goal

The goal is to distribute ownership of the PoolTogether protocol. This proposal is intended to be the first of several proposals that distribute the remaining supply of POOL tokens.

For context: POOL governance holds approximately 2.44m POOL directly, and 741k POOL indirectly through LP positions.

This proposal distributes about 2/3 of the remaining supply of POOL. The expectation is that the rest of the supply will go to new chain deployments.

The amount is slightly greater than the current rewards, as the POOL vault is now included among the incentive recipients.

Milestones & Deliverables

We will distribute 2M POOL across the chains according to this distribution:

Chain Amount
Optimism 1m POOL
Ethereum 400k POOL
Base 300k POOL
Gnosis 200k POOL
Arbitrum 100k POOL

Each chain will distribute rewards using the new PrizePoolTwabRewards contract (delivered in PTBR-24). This contract distributes incentives to all vaults that contribute to the prize pool, including the POOL vault. In this way, the incentives are permissionless and even vaults created after the program begins will be eligible to receive rewards.

Timeline

We will start the incentives immediately after this proposal passes. The incentives will run for one year.

Budget

Amount
2M POOL
3 Likes

Is there any POOL left after this? :upside_down_face:

The rewards are 400000 Pool for Mainnet ETH over 12 months.
400000/12 = 33333 pool per month
0.375$ = price of 1 Pool in USD currently

33333 * 0.375$ = 12500$ a month for WETH, USDC, and Pool.

Pool Rewards Pool is suppose to take 38% of rewards leaving 62% for USDC and WETH. so
1 - 0.38 = 0.62 for USDC and ETH pools

0.62*12500= 7750$ for WETH and USDC a month in new reward plan

USDC Pool current tvl = 903,139 USDC
USDC Current Drip = 5015$ every 28 days

WETH Pool current tvl = 706 WETH
USDC Current Drip = 13713$ every 28 days

Currently we drip 18,728$ a month to USDC + WETH
Under new rewards we will drip 7750$

So for rewards APY to stay the same as currently we’d need a 50% decrease in TVL on mainnet.

Which would then cause less rewards for WETH + USDC because we are generating less WETH.