| Team Name | PT Inc Team |
|---|---|
| Quarter and Year | Q2 2023 |
| Payout Address | 0x3927E0642C432A934a4EAA64C79bC8a1D8ac5Fb7 |
| Total USD Value Requested | $243,388.16 |
Purpose
PT Inc. develops improvements and maintains an interface to the PoolTogether Protocol. Previously this team was split into the PT Inc. Protocol Team and the PT Inc Client Team, but we’ve decided to consolidate the two due to shared resources.
Performance Goals and Metrics
Our goal for Q2 2023 is to ship version 5 of the protocol. This version will be a hyperstructure, as detailed in this gov post.
Our moonshot goal is to get the hyperstructure into production.
Milestones
- Launch a new landing page for pooltogether.com
- Launch version 5 of the protocol: the hyperstructure
Hyperstructure Launch Steps
The following is a breakdown of the hyperstructure launch timeline. Dates given are estimates, not hard commitments. We’ll do our best.
| Description | Estimated Completion Date |
|---|---|
| Initial design for the hyperstructure | Complete |
| Launch alpha version on Sepolia. This includes both the smart contracts and a web app | April 1 |
| Release code that allows anyone to liquidate yield and claim prizes | April 15 |
| Launch beta version for final testing and polish | May 15 |
| Code Audit | June 1 |
| Launch new landing page | June 1 |
| Launch the production version | June 15 |
| Launch JS SDK | June 15 |
| Develop an incentivized draw mechanism to ensure the prize pool is rewarded | July 15 |
| Launch an ecosystem portal to surface third party apps | July 15 |
| Install the draw mechanism and renounce ownership of the prize pool | August 1st |
Budget
Requested Amount
| Token | Amount |
|---|---|
| POOL | 54,458 POOL |
| USDC | 187,841 USDC |
Budget Breakdown
Team Members
As per Q2 2023 Compensation Formula.
| Role | Yearly USD Compensation | Commitment Percentage | Quarterly USDC | Quarterly POOL | Contributor | Contributor Discord |
|---|---|---|---|---|---|---|
| Team Lead | $131,100 | 100% | $32,775 USDC | Covered until end of Q2 2023 | Brendan Asselstine | Brendan   #1830 |
| Protocol Engineer | $211,166 | 100% | $34,750 USDC | 17,688 POOL | Pierrick Turelier | Pierrick#1350 |
| Protocol Engineer | $202,000 | 100% | $33,936 USDC | 16,240 POOL | Dylan DesRosier | dylandesrosier#6262 |
| Front-End Engineer | $131,100 | 80% | $26,220 USDC | Covered until middle of Q4 2023 | Chuck Bergeron | ChuckBergeron#2753 |
| Senior Designer | $202,000 | 100% | $33,936 USDC | 16,240 POOL | Alex | alxx#6155 |
| Junior Software Engineer | $100,000 | 100% | $20,625 USDC | 4,290 | Noah Cukiert | Ncookie#1619 |
Totals: 182,242 USDC & 54,458 POOL
Team Expenses
The following are ballpark expenses for the quarter. Note that the security bounties are more of a reserve- if no exploits are reported it will rollover. Likewise for auditing, although our goal is to have the PT Hyperstructure on testnet and audited this quarter.
| Description | Amount |
|---|---|
| SAAS / Infra Services | $9000 |
| Security Bounties | $50,000 |
| Contractors | $20,000 |
| Auditing | $250,000 |
Total: $329,000 USDC
Retrospective
The previous PT Inc. Client team and PT Inc. Protocol team goals were to:
- V4 app updates
- Install VRF 2.0
- Upgrade V4 to use DPR
- Launch DPR Controller App
- Launch new landing page
- Launch hyperstructure testnet
Most of these have been completed. The outstanding goals are to launch the hyperstructure and landing page, as detailed above.
Budget Surplus
| Description | Amount | Token |
|---|---|---|
| C4 outstanding account balance | 127,400 | USDC |
| Held assets | 196,001 | ScUSDC |
Total: 323,401 USDC
Appendix
Token Pricing
| Token | value in USD |
|---|---|
| POOL | 1.02 |
