We have deployed a new Aave powered USDC prize pool on Polygon! Our next steps are:
- Set prize pool parameters
- Add prize pool to flagship interface and announce
- (optional) vote on any incentives
Because POOL governance has not yet been formally bridged to Polygon. Control of the initial parameter setting will be with PoolTogether Inc. and then transferred to the Polygon Operations Team.
Suggested Initial Parameters
Prize Period: 7 days
Number of winners: 7
Early Exit Fee: 1% & 10 days
Reserve rate: 0% (protocol will accrue Matic rewards, effective reserve rate of 25%)
The main strategy here is to have a longer prize period yielding a larger headline prize. The increased number of winners means the odds of winning will be the same as the daily prize pool. The winners just picked less often.
I’d love to get this initially up on app.pooltogether.com in the next 24 hours so please give your feedback! We will cover any incentives separately!