Introducing: “The Shallow End” by PoolTogether.
“The No Risk way to Jump In Today!”
I had an idea that might not be “technically” possible (now) hence why I am sharing it here!
Onboarding from INSIDE or from OUTSIDE of “crypto” is the HURDLE we face every day.
Example Objection: I’m not sure about depositing in PT, I have a savings account.
Response: I agree, Let’s try a small deposit in “The Shallow End”, After 90 days if you feel comfortable then add more! Did I mention that you win a mini-prize EVERY day for the 1st 30 days?
** What is The Shallow End? An additional PT UI front end with ONLY 2 deposit options.**
**"Shallow End" or "Deep End"**
Shallow End is a 90 Day or Quarterly Product. Time based deposit? This is the SUPER power of the “Shallow End”, using TIME to power the Prizes like a massive tidal wave building in the distance.
NOT TVL NOT AAVE % NOT OP GRANTS TIME Subsidizes the Prizes!
NOW Pool Together can offer “The Shallow End” to onboard unsure people
by starting small and slow for the 1st 90 days, assuming all is agreeable of course.
Stipulations: In order to STAY TRUE to the PT Non Custodial Protocol values I’ve come up with the
Early Withdraw Penalty = ANY & ALL prizes From Day 1 ALL return to the Prize Pool. (Not Deposit)
If you are winning every single day, no matter the amount… It’s cognitive dissonance to withdraw!
Deep End PoolTogether Protocol displayed Juxtaposed on the “The Shallow End” UI.
Balance: As the chance to win BIGGER Prizes Increases, the “daily” droplets reduce over time.
- Depositors “Auto-win” a predetermined amount aka “Droplets” .50 cents to $1 DAILY = $30
- “Droplet” amounts vary depending on TVL/AAVE%. OR v2 - Power by Delegators or Shallow End?
- Every depositor will have little wins (which is nice) aka Instant gratification creating dissonance.
- No chances to win in the normal PoolTogether Prize Pool during the first 30 days.
(Simulating, NO RISK)
- Depositors “Auto-win” a predetermined amount aka “Droplets” .25 cents to .50 DAILY = $15
- 50% less “Droplets” during Days 31-60 compared to first 30 days. (1/2 Amount or 1/2 Time)
- (Example EVERY OTHER DAY or half of the time) all of course depending on TVL/AAVE% on PT.
- The Remaining 50% of TIME Depositors WILL BE deposited into the PoolTogether Prize Pool.
- 50% of Days 30-60 Depositors can win prizes in the normal PoolTogether Prize Pool.
- Depositors can win prizes plus the “Droplets” which = $15 for 30 Days.
(Medium RISK Simulated)
- Depositors are 100% in the PoolTogether Prize Pool. No daily droplets! No Floaties!
(Simulating RISK, THE DEEP END)
Much like someone dipping a foot, then walking down the steps into the shallow end with their arms above water… step by step eventually they dip their head under then jump into the Deep End!
Its an EASY Analogous comparison to comprehend for anyone that cleanly fits into the PT Brand.
The Shallow End should be powered by almost all Teams: Marketing - Growth - Community - Prize and possibly even Protocol. At the very least possibly a different UI front end to access this product.
I understand that there are many challenges using the current Protocol for an Idea like this. However I also know If everyone came together, provided The Shallow End is a clear benefit to the Overall PT community, this is 100% possible.
Shallow End = 90 Day Non-Custodial Deposit Agreement.
Deep End = UI Front End to deposit into Pool Together Protocol.
Droplets = Daily micro payments sent to ALL depositors.
Early Withdraw Penalty = 100% of Prizes go back to prize pool.
Thank you for taking the time to read this!