Historically, speaking integrations & incentives have been the two things that drove the most growth.
I don’t think incentives = new layers though. We may have better luck working closely with our existing blockchains. The problem with incentives though are… they are not sustainable.
Integrations on the other hand are sustainable and can drive equal growth. For example, if PoolTogether is featured as an integration in a major mobile wallet, that can easily drive us to $100 million in TVL.
So I’d say:
On #1, the biggest thing we can do right now is make sure the Optimism launch is a huge success. Drive as much usage, publicity, etc. to Optimism as we can
On #2, this is a bit of a slower game but something I think you are already doing a great job of @tim
The other thing I’d through out that we talked about last week is I really feel we need to set some specific growth targets to unlock more prizes! I think this is something we as a community could focus on… creating a plan we can all rally around to grow TVL and correspondingly grow prizes!
Thanks for defining these, @tim! Having clearly defined goals is something we as a DAO have missed out on for some time.
I’d maybe add these two:
Partnerships: Lean more into our existing collabs, host spaces, work on cross-content that is helpful for both communities involved (examples would be Aave, Optimism, Polygon, Chainlink, Zapper, but also projects like Coordinape, Snapshot, …)
Scaling the DAO: I understand the wish to define that one thing. Personally, I believe some of these go hand in hand. The community has proven it’s capable of a lot as long as permission is given and roadblocks are removed. insert unlimited scalability meme here
What the DAO needs to achieve better collaboration with less friction are structures people actually follow, clearer accountabilities, and empowerment of those who now the way forward at the current time.
Small depositors should be welcomed but not focussed on. So far with V4 I think we have done three NFT campaigns that really focussed on small depositors. Let’s continue to support them with prize distributions that provide engaging wins, but let’s not build campaigns at this time to specifically attract more small depositors.
I do not think V5 is the only solution for enabling Poolers to deposit assets other than USDC.
My number one thought to prioritize for growth is to re-enable isolated prize pools. Both pursuing partnerships and offering a permissionless builder.
I don’t understand number 5 “go anywhere AAVE goes…keep them out with vibes”, lol
I think that if we are restricting ourselves to curating a prize network a lot of our reputation is on the line, and as such we are confined to the most reputable of yield sources. Looking around the ecosystem, adding assets on Aave does not look promising to me. People deposit to Aave primarily to leverage. The yields are well below a FDIC insured savings account and even lower for WBTC, ETH, etc.
I like $50mm 3 month goal and $100mm 6 month goal. I do think having a community aligned goal is important. I think we could consider a prize value generated (PVG?) metric instead of TVL.