After feedback from the Ruler and Pooltogether communities I have decided to make a revised partnership proposal that makes sense for both sides.
No Ruler Pool
Ruler Protocol is implementing some new features in August to combat excessive farming that involves a slashing feature for those who exit early. As a result of this new feature a Ruler pool would not work on Pooltogether. Ruler pool would no longer be part of the partnership plan.
Adding POOL or PPOOL as collateral on Ruler
This will be the focus of my revised proposal. The requirement of being added as a collateral type with Ruler incentives on Ruler Protocol is providing $6,000 USD per week in incentives which is equivalent to 725 POOL per week or 103 POOL per day. This is something we can include in our upcoming distribution changes and I believe the utility it adds will be worth it. Remember that these incentives are going to POOL holders who are using the Ruler protocol so we are not just giving them away. In addition to that Ruler will also incentivize POOL holders deposited on Ruler with 25 xRuler per week.
Pooltogether investing in Ruler
My initial proposal was focussed on Pooltogether purchasing 250K USD in Ruler tokens which is not a necessary part of the proposal. I am not including that as part of this proposal but do think that investment would be a wise choice so I will include a poll below to see if the Pooltogether community is interested in that at a reduced amount.
Summary of Proposal
Reallocate some funds in our upcoming distribution changes to incentivize use of POOL or PPOOL as a collateral type on Ruler protocol. This will add utility to POOL and be the beginning of a great partnership with a great community/team. I am not sure which would be better as collateral between POOL or PPOOL so I’ve included a poll below. If we list PPOOL than POOL holders would be earning more but it would effect the vote as they would be unable to vote with that PPOOL.