0xe0e7b7c5…1c27sent to0xb3a87172…87f0·#17,927,962·0xc8d99dad…415f44
Upgrade to Governor Bravo
0xb3a8…87f0
All memos sent from and to 0xb3a8…87f0.
0x9f36a6bb…02b9sent to0xb3a87172…87f0·#17,669,273·0x1a103515…f5feca
# PTIP-87 Winding down the POOL pool Snapshot
## Simple Summary
This proposal winds down the gasless voting setup of the [POOL pool Snapshot](https://snapshot.org/#/poolpool.pooltogether.eth) due to low engagement and potential future risk.
The proposal outlines specific steps to wind down the Snapshot, including removing delegation, restricting proposal creation, and removing pPOOL mentions from the PoolTogether platforms.
## Motivation
Historically the POOL pool acted as a gasless voting mechanism for POOL holders. It also dripped additional POOL rewards to depositors in the past. Both of this is not true anymore.
The POOL pool Snapshot has very low engagement and creates unnecessary processes that complicates onchain governance.
Reasons for winding it down:
- The Snapshot hasn’t reached Quorum (20%) since March 2022
- There isn’t much demand for gasless voting as gas prices are reasonable
- It creates unnecessary friction for onchain governance
- It relies on humans to execute the vote
- The POOL pool rewards have ended and are unlikely to start again
- The pool has halved in deposits since its ATH (from 1.02m down to 519k POOL)
- A vote is easy to swing: Due to technical limitations, the multi-sig must always vote with its full voting power. If 20% of circulating pPOOL votes for on a proposal, the full 100% of pPOOL votes will for.
## Specification
### Overview
If the proposal succeeds the following steps will be taken in order to wind down the POOL pool Snapshot and its functionality, as well as to inform the community:
- Remove the POOL delegation from [Stake Prize Pool](https://etherscan.io/address/0x396b4489da692788e327E2e4b2B0459A5Ef26791) to the [POOL pool Multisig](https://app.safe.global/home?safe=eth:0x070a96fe4Ad5155eA91d409E8AFec6B2F3C729c0)
- Set the Snapshot to only allow authors to create proposals (done)
- Remove all authors in the [settings of the pPOOL Snapshot](https://snapshot.org/#/poolpool.pooltogether.eth/settings)
- Remove pPOOL from the [PoolTogether.eth snapshot](https://snapshot.org/#/pooltogether.eth)
- Remove pPOOL mentions from Governance Documentation & Forum Posts
- Post announcement
- Remove the option to deposit into POOL pool [from the app](https://app.pooltogether.com/account)
### Rationale
The proposal was discussed througholy on Discord and later brought as [RFC to the governance forum](https://gov.pooltogether.com/t/rfc-wind-down-the-pool-pool-snapshot/2900).
The alternative to this proposal would be to fully embrace the gasless voting setup of the POOL pool, but with the mentioned dangers down the road it's likely not feasible.
Objections were made that we should not cut off voters. Since the original POOL pool implementation lots of new opportunities in community governance arised. I encourage the community to propose new governance experiments that better suit our risk-tolerance once this proposal has passed.
### Technical Specification
The proposal calls the compLikeDelegate function to re-delegate the voting power of the [StakePrizePool](https://etherscan.io/address/0x396b4489da692788e327e2e4b2b0459a5ef26791) to `0x00000000000000000000000000000000000000`:
```
| # | Name | Type | Data |
| -------- | -------- | -------- | -------- |
| 0 | compLike | address | 0x0cEC1A9154Ff802e7934Fc916Ed7Ca50bDE6844e |
| 1 | to | address | 0x00000000000000000000000000000000000000 |
```
```
Function: compLikeDelegate(address compLike, address to)
MethodID: 0x2f7627e3
[0]: 0000000000000000000000000cec1a9154ff802e7934fc916ed7ca50bde6844e
[1]: 00000000000000000000000000000000000000000000000000000000000000
```
0xec73c6a0…ec96sent to0xb3a87172…87f0·#17,516,295·0x57bd92f5…8482fc
# PTBR-6: Grants Team
See here: https://gov.pooltogether.com/t/rfc-ptbr-6-grants-team/2956
# PTBR-6: Grants Team
The grants team serves as a community-led program to fund ideas submitted by both PoolTogether community members as well as third-party applicants, with a focus on empowering a wider network of developers and contributors and increase adoption of the PoolTogether protocol. There are many great ideas for improving the protocol and grants plays a key role in evaluating and equipping those contributors with resources needed to go from idea to funded development.
0x93146d99…64ecsent to0xb3a87172…87f0·#17,516,237·0xadc75895…2a3171
# PTBR-4: Executive Team
Executive Team
Start Date July 1st, 2023
Duration of Work 3 months
Budget $12.9k
The Executive-Team has been the primary custodian of prize pool contracts and prize liquidity since V4 inception. We handle custody and transaction matters where directed by governance, such as claiming rewards, and receiving tokens on networks other than mainnet. We are the goto solution for maximum security custody for the community.
Scope of Work
The Executive Team is owner of the PT V4 contracts and will be taking over the role of managing the draw percentage rate parameters previously overseen by The Finance Team. The parameters will be adjusted according to a framework designed by The Finance Team which aims to continue with prize sustainability relative to yield.
We will continue the custody of delegations for the Community Team, Grants, and Growth. Custody continues to be $300k in total.
We continue with a custody limit of $750k to put a hard cap on our total custody. Activities that approach the cap will be brought forward as an alert. Any funds over that amount will need to be approved by a vote to change the cap. This gives the community a clear picture of what our custody risk is.
Goal
Our primary focus is security. We will maintain 6/9 multi-sigs of senior contributors who are well versed in PoolTogether infrastructure, happenings, and the greater DeFi ecosystem.
We look to act in a timely and efficient manner to ensure prize liquidity never runs dry, and that Pooler and treasury funds are safe.
These pillars form our goals
Security
No loss. We strive to never lose funds. This is an easily evaluated metric we strive to maintain.
Acting on governance directives
A quarterly team survey evaluates our performance alignment with governance directives. The executive-team aligns with the council. Any concerns from the community are encouraged.
Ensuring prize delivery
Prizes promised are prizes delivered. We strive for no failed prize claims due to a lack of prize liquidity.
Acting in an organized and efficient way.
Transactions are presented by lead as having a standard 24hr time to sign and execute. Transactions requiring more immediate attention are presented with a 12hr time to sign and execute. The team will strive to always meet these deadlines and missed time windows will be reported at quarters end.
Timeline
The team will be funded and active for all of Q3.
Budget
Amount Token
10,536 USDC
3,843 POOL
0x9f36a6bb…02b9sent to0xb3a87172…87f0·#17,516,098·0xd89b57af…3d65b2
# PTBR-5: Community Team
|Start Date|July 1st, 2023|
| --- | --- |
|Duration of Work|3 months|
|Budget|71,097.50 $|
We are a team of high-impact contributors (@Tjark, @underthesea, @Lonser) who all are meaningfully involved in creating the webs that connect people to the protocol.
Our team has a track record of serving the community’s needs and adapting to them accordingly. We advocate for our community values and maintain the infrastructure, keeping the pool clean and inviting for all.
# Scope of Work
## Motivation
The community around the PoolTogether protocol needs spaces to get together and align. These spaces need to be responsibly maintained and kept safe.
The team is responsible for stewarding, instilling, and nurturing the culture and ecosystem around the protocol. We equip community members with the tools they need to enhance their experience of using PoolTogether and getting involved.
* **Identity**: Facilitate and foster events, vibes and values
* **Spaces**: Manage and maintain community spaces
* **Content**: Create and promote content such as newsletters, guides, articles, and user documentation
* **Engagement**: Empower community members to take ownership in growing PoolTogether
* **Relationships**: Cultivate trust, coordinate actions, and help to collaborate for change
## Goal
* **Internally**: Maintain [Community-Member-Fit](https://davidspinks.substack.com/p/the-community-member-fit-score-cmfs).
* **Externally**: Have the community around PoolTogether perceived as wholesome and secure.
Our goal is to foster an inclusive and welcoming environment where Poolers feel valued and empowered to contribute their ideas, feedback, and expertise. By facilitating meaningful interactions, the team helps to weave relationships between community members and encourages active participation in discussions, initiatives, and building the PoolTogether ecosystem.
## Milestones & Deliverables
We do care work for the community. Part of the team’s work is devoting time to what is not directly proportional to our individual results but to what is good for the organization as a whole.
With the upcoming launch of the PoolTogether hyperstructure, we expect an increased inflow of people and questions. The Community Team helps to inform and make information accessible, ensuring no question goes unresponded and no issue is unresolved.
#### Community Building & Growth
* Promote all major updates across PoolTogether’s socials & blogs
* Maintain and moderate PoolTogether-related platforms & socials (including Discord, Discourse, Twitter, Lens, Reddit, Mirror)
* Protect the community from scams within our spaces
* members, followers, % of verified POOL hodlers on Discord
* Host 12 weekly community calls
* claimed POAPs
* Publish 3 monthly newsletters
* recipients, open rate
* Host 1 digital ideathon
* submissions
* Run 2 community engagement campaigns
* Facilitate 6 bi-weekly Coordinape epochs
* Coordinape Q3 report
#### Community Tooling
* Maintain and upgrade Poolexplorer for V5
* Maintain and upgrade Pooly bot, including public and private commands and alerts for V5
* Building tools by community request
#### Community Dev Ops
* Community prize API for V5
* Community prize database for V5
* Encourage anyone building around the protocol, by offering support for community developers
#### Finance Matters
* Research and analysis on treasury and POOL liquidity
* Delivering 1 treasury report and 3 liquidity reports during the quarter
The impact of our deliverables can be monitored through our [metrics](https://docs.google.com/spreadsheets/d/1Bm9BO-Hq1vwDXRzibR6V71od75sNLdK44VMVWexjJjA/edit#gid=1594314030). We aim share an update on these in the forums on a monthly basis.
# Budget
|Amount|Token|
| --- | --- |
|62,939.00|USDC|
|12,950.00|POOL|
12,500 POOL is reserved to be distributed to community contributors via Coordinape.
In addition to this budget, we manage a delegation budget of 100,000 USDC on Optimism to be used for engagement and as rewards. Custody for this budget is being held by the Executive Team.
# Read on PoolTogether governance forum:
[https://gov.pooltogether.com/t/rfc-ptbr-5-community-team/2955](https://gov.pooltogether.com/t/rfc-ptbr-5-community-team/2955)
0x39945372…d46bsent to0xb3a87172…87f0·#17,473,966·0x165acf53…5f6755
# PTBR-3 Growth
# Growth
Discussion with metrics and deliverables: https://gov.pooltogether.com/t/rfc-ptbr-3-growth
| | |
| ------- | ------ |
| Start Date | July 1st, 2023 |
| Duration of Work | 3 months |
| Budget | $25,000 |
Growth at PoolTogether
Growth at PoolTogether is focused providing opportunities for the advancement of the PoolTogether Protocol through partnerships, integrations, and content.
Growth is made up of dedicated poolers.
Growth Consists of
* Darby, Lead
* Denicio Del Toro, Podcast Producer
* Thumbs, Content
* Bab, Growth Product Manager
* Allanon, Contributor
* Livster, memelord
* Richard, Contributor
# Scope of Work
## Motivation
Growth is how the PoolTogether Community contributes to the growth of the PoolTogether Protocol. We do this through content marketing, mining the community for partnership opportunities, and empowering advocates.
## Goal
Growth's goal is to have a successful launch of the PoolTogether Hyperstructure. We will collaborate with Community and Generation Software on content marketing pieces promoting Hyperstructure Launch.
## Milestones, Deliverables & Timeline
Growth will produce
* 12 weekly podcast episodes, including highlight videos and Shorts Video Content
* 6 bi-weekly Twitter Spaces
* 4 monthly Newsletters/Posts
* 1 meme contest mid-quarter
* 6 Pool Party Events
* and initiate at least 12 potential partnership conversations in coordination with Generation Software
# Budget
| Amount | Token |
| ------ | ----- |
| 25,000 | USDC |
0xec73c6a0…ec96sent to0xb3a87172…87f0·#17,435,427·0x248afb72…f163cb
# PTBR-1: Governance Contracts Upgrade/ScopeLift
See here:
[https://gov.pooltogether.com/t/ptbr-1-governance-contracts-upgrade-scopelift/2917](url)
# **PoolTogether Onchain Governance Contracts Upgrade / ScopeLift**
The budget being requested will be used to fund 125-200 engineering hours from the ScopeLift team. In that time, we will execute on an upgrade to the PoolTogether DAO's onchain Governance contracts.
[ScopeLift](https://scopelift.co/team) is a 7 person team of expert EVM devs. We've had the pleasure of working with many great projects in the space, including Uniswap, Optimism, Gitcoin, Endaoment, and others. We have our own project called [Umbra](https://app.umbra.cash/), which is a tool for privacy preserving payments. Contracts we've written have processed and custodied hundreds of millions of dollars.
ScopeLift has extensive experience relevant to the project being proposed. We have previously received grant funding for Governance related work from Uniswap, Aave, and the Ethereum Foundation. We created [Flexible Voting](https://www.scopelift.co/blog/introducing-flexible-voting) and helped build and maintain [Seatbelt](https://www.scopelift.co/blog/seatbelt-for-governance). We are currently working with [Gitcoin](https://github.com/gitcoinco/Alpha-Governor-Upgrade) to execute a similar Governor upgrade for that DAO.
0xa3844531…df3fsent to0xb3a87172…87f0·#17,430,844·0x7ca1c6c4…0a1dd8
# PTBR-2: PoolTogether <> Generation Software Inc
**TL;DR**
*This is an announcement of the new company Generation Software, and it's initiative to provide research, development and support for the PoolTogether Protocol.*
| | |
| ------- | ------ |
| Start Date | July 1st, 2023 |
| Timeline for Deliverables | 3 months |
| Budget | $460,000 |
Generation Software (GS) was formed to unlock new human behaviours using innovative technology. We believe that the PoolTogether V5 hyperstructure is the most accessible way to incentivize wealth building, and wish to help it achieve widespread adoption.
## Our Team
Our company is comprised of PoolTogether community members and ex-employees of PoolTogether Inc. who hold deep knowledge of the technology, our history, and the vision for the future. In the past we've made core contributions to the protocol, so we have direct hands-on experience.
## Our Values
We are dedicated to:
- The research, application and innovation of new technologies that benefit people.
- Work in harmony and alignment, while maintaining a high degree of autonomy. We work together, but also encourage the individual to excel.
- Continuously improve everything we do; whether it's improving the way we work, trying out new ideas, or learning new technology.
- Contributing to the fields in which we operate. We open source our technology whenever possible, contribute to new standards and ideas, and help others who wish to learn and engage with our products.
# Scope of Work
## Motivation
We're an extremely knowledgable team that can accelerate PoolTogether's growth.
## Goal
Our goal is to deploy the PoolTogether hyperstructure to as many chains as possible, and to maximize distribution and reach of the protocol. We will support the PoolTogether community's permissionless expansion of the protocol.
This first PTBR will help get the hyperstructure off the ground. GS expects to make future PTBRs with deliverables that build on the foundation laid in this first quarter.
## Deliverables
### Audit & Mitigations
GS will coordinate audits with Code Arena and another third party firm. We expect this to begin around July 3rd.
GS will apply any mitigations to the code, and publish the smart contracts and all supporting software as open source code on Github.
GS will also publish tutorials and documentation on how to use the above tools.
### Deployment
GS will deploy to Ethereum and Ethereum L2s, but we wish the community to help determine the order. We need to proceed one at a time as there is a significant amount of off-chain infrastructure, so each deployment will need to pass health checks before we launch the next. **It will be up to the community to launch vaults, so we will coordinate with you to determine the right launch sequence.**
We will deploy a production version of PT V5 to the following chains:
- Optimism
- Arbitrum
- Ethereum
- zkSync Era
We will deploy a production version of PT V5 to the following chain if mainnet is ready and our infrastructure (Defender) supports it:
- Base
Regardless of mainnet status, for all of the above we'll have testnet deployments.
Each chain will have a similar sequence
1. GS deploys core smart contracts and infrastructure for the new chain. The Prize Pool will be tuned for each chain it is deployed to.
2. GS launches communications campaign to reach builders on that chain
3. Community permissionlessly creates vaults
4. GS runs health checks and moves on to next chain when successful.
#### Deployment Details
For each new chain deployment:
- GS will deploy the core smart contracts
- GS will host an app to view and interact with the vaults
- GS will host a vault factory app
- GS will deploy supporting subgraphs
- GS will ensure there are at least two compatible yield sources at launch, selected in collaboration with the community.
**Note:** We will guarantee app and subgraph hosting until the end of 2023, but funding from future PTBRs will be required to keep them going beyond that date.
#### Communications Campaign Details
For each chain, the GS team will build out a communications campaign to reach and activate partners, encouraging them to integrate yield sources, prize tokens and/or wallets. Successful campaigns will require...
- Identifying the audiences we aim to reach (yield sources, protocols, token issuers, wallets) and creating a list of leads
- Creating and distributing media including written and visual content for Medium, Mirror, Twitter, Discord and Lens.
- Creating and distributing documentation for relevant to partners.
- Conducting direct outreach to a list of potential partners
#### Community Creates Vaults
We will support the community in launching new vaults. In particular:
- Provide tutorials and documentation
- Give guidance on which protocols would be good integrations
- Offer assistance in the Discord #developers channel
### Infrastructure
As mentioned above, there is a significant amount of off-chain infrastructure. Polish and refinement of the bots and subgraphs will continue beyond the launch date. We expect growing pains and needs to change as the system scales. By the end of September we'll have 1.0 releases for each piece of infrastructure, and will make them public, open source, and documented.
- Liquidation Bot
- Prize Claimer Bot
- Draw Bot
- Subgraph
- App to view and navigate vaults
- App to create vaults
## Timeline
Note that we will work with the community to determine the final chain order.
| Date | Description |
| ---- | ----------- |
| July 17 | Completion of audit and mitigations |
| July 24 | Launch of first chain (TBD) |
| Aug 7 | Launch of second chain (TBD) |
| Aug 14 | Launch of third chain (TBD) |
| Aug 21 | Launch of fourth chain (TBD) |
| Aug 28 | Launch of fifth chain (TBD) |
| Sep 29 | 1.0 releases for infrastructure |
# Budget
| Amount | Token |
| ------ | ----- |
| 460,000 | USDC |
0x39945372…d46bsent to0xb3a87172…87f0·#16,943,066·0x30bdf9b6…d5c423
# TBR - Q2 - 2023 - Growth Team
Team Name Growth
Quarter and Year Q2 2023
Payout Address 0xd5b043Fb903f92b67a9985B771a34E1E9Fd63b3a
Total Payout Requested $56,833
# Purpose
The Growth Team exists to increase users, TVL, and adoption of the PoolTogether Protocol through partnerships, integrations, campaigns, and events.
# Q2 2023 Goals
* Launch PTaUSDC Spending Card
* Launch PoolTogether Quest using Swim Points
* Improve Distribution and Reach of PoolTogether Community Podcast (continue to build Lens presence)
* Continue to recruit NFT Project/Treasury to use Delegation
* Curate Hyperstructure Token, Yield Source and Integration Partnerships
* Explore PoolTogether Quarterly Hackathon Layer
Link to discussion: https://gov.pooltogether.com/t/rfc-tbr-q2-2023-growth-team/2825
| Token | Amount |
| -------- | -------- |
| USDC | 28,000 |
| POOL | 28,268 |
0xec73c6a0…ec96sent to0xb3a87172…87f0·#16,935,189·0xd57ec65a…ffe92e
# TBR-Q2-2023 - Grants Team CORRECT ONE
Purpose
The grants team serves as a community-led program to fund ideas submitted by both PoolTogether community members as well as third-party applicants, with a focus on empowering a wider network of developers and contributors and increase adoption of the PoolTogether protocol. There are many great ideas for improving the protocol and grants plays a key role in evaluating and equipping those contributors with resources needed to go from idea to funded development.
Read more:
https://gov.pooltogether.com/t/rfc-tbr-q2-2023-grants-team/2821
0xa3844531…df3fsent to0xb3a87172…87f0·#16,934,300·0x0fdb524a…a28fa9
# TBR Q2-2023 - PT Inc Team
| 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](https://gov.pooltogether.com/t/the-pooltogether-prize-savings-hyperstructure/2753).
Our moonshot goal is to get the hyperstructure into production.
### Milestones
1. Launch a new landing page for pooltogether.com
2. 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](https://docs.google.com/spreadsheets/d/1zkgljshTWmJke85LZqtlZYxmb6aZLoFQxeWx5q7mEPI/edit?usp=sharing).
| 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:
- [x] V4 app updates
- [x] Install VRF 2.0
- [x] Upgrade V4 to use DPR
- [x] Launch [DPR Controller App](https://tools.pooltogether.com/prize-tier-controller)
- [ ] 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 |
0xe0e7b7c5…1c27sent to0xb3a87172…87f0·#16,934,224·0x3943320d…1788eb
# TBR-Q2-2023 - Grants Team
Purpose
The grants team serves as a community-led program to fund ideas submitted by both PoolTogether community members as well as third-party applicants, with a focus on empowering a wider network of developers and contributors and increase adoption of the PoolTogether protocol. There are many great ideas for improving the protocol and grants plays a key role in evaluating and equipping those contributors with resources needed to go from idea to funded development.
Read more: https://gov.pooltogether.com/t/rfc-tbr-q2-2023-grants-team/2821
0xd095e0f8…7006sent to0xb3a87172…87f0·#16,934,096·0xf38de38d…b1242a
# TBR-Q2-2023 - Poolers Team
| | |
| --------- | ---------- |
| Team Name | **Poolers Team** |
| Quarter and Year | **Q2 2023** |
| Payout Address | **0x37f2E3Eea8B705F5645E0A52bc3f223DA72BD795** |
| Total USD Value Requested | **$41,058 USD** |
#### Purpose
The Poolers Team will be responsible for the development of the Poolers NFT project. This quarter we will be focused on building and deploying Poolers in tandem with V5 launch.
*With the success of this team we will explore a more general "SWIM" Team that extends Poolers / SWIM Points possibilities and other gamifications for Q3 and beyond.*
#### Overview
Poolers is an NFT project that will launch alongside the PoolTogether Hyperstructure. Users will be able to mint Poolers, choose attributes, and unlock the attributes over time by holding a deposit in PoolTogether.
#### Goals
-Coordinated Optimism mainnet launch of Poolers NFTs in tandem with V5
-Poolers Web App to mint, level up, and burn Poolers with SWIM Points
-Poolers on-chain SVG NFT system using Friends of Pooly’s ERC721K framework
##### Requested Amount
| Amount | Token |
| ----- | ----- |
| 32,000 | USDC |
| 8,880 | POOL |
-
-
TBR: https://gov.pooltogether.com/t/rfc-tbr-q2-2023-poolers-team/2827
0x9f36a6bb…02b9sent to0xb3a87172…87f0·#16,931,040·0xa6681995…9eac74
# TBR-Q2-2023 - Community Team
| | |
| --------- | ---------- |
| Team Name | **Community Team** |
| Quarter and Year | **Q2 2023** |
| Payout Address | **0xF69898B40F0908537a9e93b9f5368C8cf19a23a7** |
| Total USD Value Requested | **$57,366.32 USD** |
### Purpose
The community team is responsible for stewarding, instilling, and nurturing the culture and contributors around the protocol. Its work ensures the ethos of PoolTogether stays strong as the protocol grows. The team’s areas of focus are:
-- **Identity**: Facilitate and foster events, vibes & values
-- **Spaces**: Manage & maintain community spaces
-- **Content**: Create & promote content such as newsletters, guides, articles, and user documentation
-- **Engagement**: Empower community members to take ownership & help grow PoolTogether
-- **Relationships**: Cultivate trust, coordinate actions, and collaborate for change
#### **Objective**
PoolTogether is perceived as the most wholesome, welcoming, and secure community in DeFi.
### Requested Budget
after deduction of the surplus:
| Token | Amount | USD |
| --------- | ------- | ---------- |
| USDC | 28,300.00 | $28,300.00 |
| POOL | 28,495.39 | $29,066.32 |
| **Total** | – | $57,366.32 |
### Full Proposal
https://gov.pooltogether.com/t/rfc-tbr-q2-2023-community-team/2816
0x34e061f4…1d57sent to0xb3a87172…87f0·#16,930,115·0xd7a26649…a89559
# TBR-Q2-2023 Executive Team
Purpose
The Executive-Team has been the primary custodian of prize pool contracts and prize liquidity since V4 inception. We handle custody and transaction matters where directed by governance, such as claiming rewards, and receiving tokens on networks other than mainnet. We are the goto solution for maximum security custody for the community.
We will continue the custody of delegations for the Community Team, Grants, and SerHotMike. Custody continues to be $300k in total.
We continue with a custody limit of $750k to put a hard cap on our total custody. Activities that approach the cap will be brought forward as an alert. Any funds over that amount will need to be approved by a vote to change the cap. This gives the community a clear picture of what our custody risk is.
Goals
Our primary focus is security. We maintain a 7/11 multi-sig of senior contributors who are well versed in PoolTogether infrastructure, happenings, and the greater DeFi ecosystem.
We look to act in a timely and efficient manner to ensure prize liquidity never runs dry, and that Pooler and treasury funds are safe.
These pillars form our goals
Security
No loss. We strive to never lose funds. This is an easily evaluated metric we strive to maintain.
Acting on governance directives
A quarterly team survey evaluates our performance alignment with governance directives. The executive-team aligns with the council. Any concerns from the community are encouraged.
Ensuring prize delivery
Prizes promised are prizes delivered. We strive for no failed prize claims due to a lack of prize liquidity.
Acting in an organized and efficient way.
A new procedure is being introduced to outline execution time expectations. Transactions will be presented by lead as having a standard 24hr time to sign and execute. Transactions requiring more immediate attention will be presented with a 12hr time to sign and execute. The team will strive to always meet these deadlines and missed time windows will be reported at quarters end.
Read more RFC https://gov.pooltogether.com/t/rfc-tbr-q2-2023-executive-team/2818
0x93146d99…64ecsent to0xb3a87172…87f0·#16,929,975·0x26369c51…944d51
withdrawReserve(address,address)withdrawReserve(address,address)# PTIP-86 Sunsetting V3 Pools
This proposal is a sequel to PTIP-56: V3 in which we reduced the number of winners on V3 pools and changed the RNG to Blockhash to reduce costs. We now are seeking to remove operational costs and reserve takes to fully sunset the V3 prize pools
1. Set reserve to zero for USDC, DAI, UNI, COMP, SUSHI pools
Reserve registry 0xd1797D46C3E825fce5215a0259D3426a5c49455C
2. Protocol team stops rewarding relayer and recovers funded ETH. ETH can be saved for other protocol operational costs.
3. Claim the pending reserves
Read more on RFC: https://gov.pooltogether.com/t/rfc-sunsetting-v3/2814
0x3bc1158e…6a76sent to0xb3a87172…87f0·#16,928,255·0x2caa51cd…6db609
# TBR-Q2-2023 - Finance Team
Purpose
The Finance team continues with the core purposes from the previous quarter:
Ensure safety and prudence go into every decision
Drive future protocol growth
Identify sustainable solutions
Present objective data to the community
Acquiring these values, the Finance team will specially focus on Treasury sustainability and transparency. With the Treasury growth and the creation of multiple independent teams, the Finance team can offer a holistic view of the Treasury to bring clarity on a financial perspective.
Finally, the Finance team will monitor and implement changes to prize distributions with the purpose of growing the protocol in a sustainable manner. Example duties: monitoring prize data and sentiment, adjusting prizes and optimizing prize distributions to create the best user experience.
Read more: https://gov.pooltogether.com/t/tbr-q2-2023-renewal-finance-team/2815
0x93146d99…64ecsent to0xb3a87172…87f0·#16,671,527·0x77135bc5…095c56
# PTIP-85 Strengthening Protocol Owned Liquidity
## Simple Summary
Increasing our protocol owned liquidity (WETH/POOL) on Mainnet.
## Abstract
100k USDC and 200k POOL will be sent to The Executive-Team. The USDC will be swapped for ETH and added with the POOL to Uniswap V3 in what we call the active trading range (.0004 WETH/POOL to .0012 WETH/POOL).
## Motivation
Seeing an uptick in trading volumes and in anticipation for The Hyperstructure launch this proposal seeks to reinforce our protocol owned liquidity on Ethereum Mainnet.
## Execution
The Executive-Team will add all ETH to the active trading range. Depending on the POOL price at the time of the execution, the amount of POOL paired with that ETH will vary. The remaining amount of POOL will be added from the price at the time of the execution to .0012 WETH/POOL.
In the unlikely case that POOL price falls below .0004 WETH/POOL, the USDC would be returned to the Treasury. POOL would be added to the active range from .0004 to .0012 WETH/POOL.
## Technical Specification
Transfer 63567345210 USDC to 0xDa63D70332139E6A8eCA7513f4b6E2E0Dc93b693
Transfer 36432654790 PTaUSDC to 0xDa63D70332139E6A8eCA7513f4b6E2E0Dc93b693
Transfer 200000000000000000000000 POOL to 0xDa63D70332139E6A8eCA7513f4b6E2E0Dc93b693
RFC: https://gov.pooltogether.com/t/rfc-strengthening-our-foundation-for-protocol-owned-liquidity/2763
0xa31c2232…6020sent to0xb3a87172…87f0·#16,531,165·0xcce1484a…c0574c
# # PTIP-84- Increase ETH exposure while supporting the stETH pool
### Overview
Withdraw $250,000 in DAI tokens currently held in sponsorship and send to the Pooltogether Executive team. Pooltogether Executive team will swap the DAI for stETH and deposit $150,000 USD equivalent into the steth.win pool as sponsorship. The stETH sponsorship tokens and the remaining stETH will be sent back to Pooltogether treasury.
### Motivations and Reasoning
Pooltogether’s treasury holdings are mostly stablecoins and POOL with the stablecoins earning a very low rate of return and tied to the price of the USD which gives limited upside. More exposure to ETH is something that has been brought up several times by the community but we’ve not pulled the trigger. We’ve also had a stETH pool recently launched by @underthesea, with 50% of the proceeds going to charity and the remainder to 2 winning depositors. This pool already has had 12 stETH in sponsorship added by Witnet. We’d like to support this community pool while increasing our ETH exposure. Recent discussions and polls on the forum have shown majority support for both increasing ETH exposure and sponsoring the community built stETH pool. See the conversations here: https://gov.pooltogether.com/t/rfc-convert-489k-dai-balance-to-steth-and-deposit-as-sponsorship-into-steth-pool-on-pooltogether/2730
This proposal has been decreased from the original proposed amount of $489K to satisfy the wishes of many community members to do a lesser amount. My intention is that in the event that ETH price drops in the coming months I would potentially propose some more buys with the remaining DAI.
Having this transaction done by the Executive team will simplify the process and the funds will only be in the custody of the Executive team for a short time. The Executive team multisig is a 7/11 signature safe and is capable of handling this dollar amount and transactions with no issues.
### Technical Specification
Contract aDAI 0x028171bCA77440897B824Ca71D1c56caC55b68A3
Exec-Team Safe 0xDa63D70332139E6A8eCA7513f4b6E2E0Dc93b693
Transfer 250000000000000000000000
0x39945372…d46bsent to0xb3a87172…87f0·#16,230,487·0xb36f64b9…7bcc86
# TBR-Q1-2023 - Growth Team
## TBR Growth Team
| | |
| -------- | -------- |
| Team Name | Growth |
| Quarter and Year | Q1 2023 |
| Total Payout Requested | **30,000** |
## Purpose
The Growth Team is responsible for growing the PoolTogether Protocol through partnerships and integrations.
This includes:
* Building relationships with Wallets, Protocols, Chains, and New Projects.
* Producing the PoolTogether Community Podcast and Twitter Spaces as places to
* Hosting events at conferences and casual meetups throughout the year
* Updating L1 and L2 DeFi leadership on protocol KPIs
* Court Influencers to promote the PT Protocol
* Gather the PoolTogether Community for growth connections and directions
## Q1 2023 Goals
* Launch PoolTogether PTaUSDC Card with Nucleus
* Launch One Click PTaUSDC purchases with Juno
* Launch Rainbow Notification and Icon Integration
* Host PoolyCon at ETHDenver
* Improve Distribution and Reach of PoolTogether Community Podcast (continue to build Lens presence)
* Produce 12 episodes of the PoolTogether Community Podcast
# Team Expenses
| Description | Amount |
| -------- | -------- |
|PoolyCon | $15,000|
|Coordinape POOL |22,500|
|USDC for Delegation |$100,000|
You can check out the governance discussion on this proposal here: https://gov.pooltogether.com/t/rfc-tbr-q1-2023-growth-team/2673
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# TBR-Q1-2023 - PT Inc Client Team
| | |
| --------- | ---------- |
| Team Name | **PT Inc. Client Team** |
| Quarter and Year | **Q1 2023** |
| Payout Address | **0x3927E0642C432A934a4EAA64C79bC8a1D8ac5Fb7** |
| Total USD Value Requested | **$45,136.31 USD** |
# Purpose
The PoolTogether Inc. Client team is responsible for providing client support for the protocol. This includes maintaining and expanding the flagship consumer interface at app.pooltogether.com and developing additional dapps on tools.pooltogether.com and vote.pooltogether.com. The Client team is also building tooling for developers to easily build on top of the protocol with things like tutorials, SDKs and APIs.
# Goals
1. **Explore PoolTogether Ecosystem**
Exploring the PoolTogether ecosystem is too difficult and needs to be reworked. An updated version of the current landing page at <https://tools.pooltogether.com> will be designed and developed to highlight the possibilities of the protocol, existing interfaces and tools for the protocol and ways to build on top of the protocol.
**Deliverable:** A redesigned Protocol Ecosystem landing page.
2. **Protocol Landing Page**
An updated landing page for the protocol with more of a "protocol focus" and less of a "product focus". We want to highlight governance, protocol features and the DAO more and focus less on the singular interface located at <https://app.pooltogether.com>. Some examples of "protocol focused" landing pages are: Liquity, Lido, Uniswap and Aave.
**Deliverable:** A redesigned Protocol landing page.
3. **PoolTogether V4 App Maintenance & Bugs**
While it's fully functional there's always optimizations, upgrades and inevitable bugs. We will continue to maintain and improve the existing interface.
4. **Hiring**
The client team is looking to hire 1 full time engineer to help work across the stack on the various interfaces and infrastructure used by the client team and external developers. As Dylan transitions to the protocol team we will need more front end developer bandwith to help with the upcoming goals.
**Stretch Goals**
5. **PoolTogether Hyperstructure Interface Alpha**
In conjunction with the protocol team the client team will provide a new interface for the next version of the protocol. As of now, the new interface will be more of an admin interface and less of a consumer app. We will be prioritizing functionality and simplicity for of development over user experience (it'll still be pretty though).
**Deliverable:** No guaranteed deliverable. Depends on external factors.
6. **PoolTogether Hyperstructure Tools Alpha**
With the new protocol design several mini apps (tools) will be required to interact with specific pieces of the protocol. The client team will provide intuitive interfaces for each mechanism. An example from last quarter that will be expanded upon is the [liquidator](https://tools.pooltogether.com/liquidator) (NOTE: set the app to developer mode to access.)
**Deliverable:** No guaranteed deliverable. Depends on external factors.
8. **PoolTogether Hyperstructure SDK Alpha**
A Typescript SDK will be developed alongside the interface. This SDK will provide a simple way for developers to build on top of the protocol without needing to know the low level details of the protocol. Some priorities are: simplicity and customizability. Tutorials and documentation will be provided similar to the existing `v4-client-js`.
**Deliverable:** No guaranteed deliverable. Depends on external factors.
# Budget
## Requested Amount
| Amount | Token |
| ----- | ----- |
| 67,083.56 | POOL |
## Budget Breakdown
### Team Members
| Role | Yearly USD Compensation | Commitment Percentage | Quarterly USDC | Quarterly POOL | Contributor | Contributor Discord |
| ---- | ---- | ---- | ---- | ---- | ---- | ---- |
| Senior Designer | $145,000 | 100% | 0 (covered by PT Inc.) | 16,811 | Alex | alxx#6155 |
| Software Engineer | $202,000 | 100% | 0 (covered by PT Inc.) | 24,618.14 | Dylan DesRosier | dylandesrosier#6262 |
| Junior Software Engineer | $100,000 | 100% | 0 (covered by PT Inc.) | 6,502.32 | Noah Cukiert | Ncookie#1619 |
| Senior Software Engineer | $250,000 | 100% | 0 (covered by PT Inc.) | 37,156.10 | **Open Role** | |
The maximum POOL salary for the open position is being requested (see the [compensation formula spreadsheet](https://docs.google.com/spreadsheets/d/1zkgljshTWmJke85LZqtlZYxmb6aZLoFQxeWx5q7mEPI/edit#gid=0))) to keep the door open for high quality candidates. If we do not hire this quarter, we will roll the tokens over to next quarter. If we decide we don’t need to fill the role, we will return the tokens. If we hire they will likely be below the max, so we will return or roll over the remaining tokens.
### Team Expenses
Additional expenses are currently being covered by PT Inc.
# Retrospective
## Q4 2022 Goals
1. **Core App Redesign**
The interface found at <https://app.pooltogether.com> was overhauled, all code is available on [GitHub](https://github.com/pooltogether/v4-ui).
2. **V5 App Alpha**
An alpha version was [built](https://github.com/pooltogether/v4-ui/pull/68) but has been halted. There is more work being done designing the protocol and the UI comes second. Alongside the core app alpha some additional mini apps (tools) were required. A liquidator implementation is available [here](https://tools.pooltogether.com/liquidator).
3. **V5 JS SDK**
An alpha version was [built](https://github.com/pooltogether/v4-client-js/tree/new-tokenomics-alpha) but has been halted. There is more work being done designing the protocol and the JS SDK comes second.
4. **V3 App Deprecation**
The [v3 interface](https://v3.pooltogether.com) was deprecated. Support for all features from the v3 site are available on <https://app.pooltogether.com> and <https://tools.pooltogether.com>.
5. **Hiring**
One engineering position was filled, another engineering position is still open. We also hired a Senior Designer earlier than anticipated so we've redirected the unfilled positions POOL to them.
## Budget Surplus
**18,004 POOL**
- 25,373.03 - 7,369 POOL
These tokens are from the unfilled Software Engineer position will be rolled over this quarter and subtracted from the total requested amount as the position is still open. However, due to hiring a Senior Designer that wasn't initially planned for Q4 we've repurposed these funds to handle their POOL allocation. The rate used is the same as what is being requested in this document and was pro-rated to their start date for the quarter.
# Appendix
## Token Pricing
| Token | USD |
| ---- | ---- |
| USDC | $1 |
| POOL | $0.6728370667 |
0xa3844531…df3fsent to0xb3a87172…87f0·#16,229,111·0xa3e697b3…129a4f
# TBR-Q1-2023 - PT Inc Protocol Team
# TBR-Q1-2023 - PT Inc Protocol Team
At the start of each quarter POOL voters will vote on Team Budget Requests. If you have formed a team and would like a budget, then complete a TBR before the start of the next quarter and share it with the Council.
| Team Name | **Protocol Team** |
| --------- | ---------- |
| Quarter and Year | **Q1 2023** |
| Payout Address | **0x3927E0642C432A934a4EAA64C79bC8a1D8ac5Fb7** |
| Total USD Value Requested | **$969.52 USD** |
# Purpose
The protocol team is tasked with designing, developing, and managing the core PoolTogether prize protocol. This includes:
- Designing and developing upgrades to the protocol
- Working with partners to support protocol integrations
- Implementing security best practices to ensure the protocol is safe
- Automating operational transactions to ensure the protocol runs smoothly
# Performance Goals and Metrics
The team's goals for this quarter are a continuation of last quarter. We are going to:
- Upgrade PoolTogether V4 to make it fully decentralized
- Launch the PoolTogether Hyperstructure
## Decentralizing V4
We are continuing to work on decentralizing the V4 protocol. This goal began in Q4 2022, and you can read more detail about it in the [Protocol Team Q4 2022 TBR](https://gov.pooltogether.com/t/tbr-q4-2022-pt-inc-protocol-team/2576#decentralizing-v4-4).
### Milestones
- ~~Install VRF 2.0 on Polygon~~
- ~~Install VRF 2.0 on Avalanche~~
- ~~Trustless bridge abstraction (ERC5164)~~
- Upgrade V4 Ethereum to use DPR (in testnet)
- Upgrade V4 Polygon to use DPR (in testnet)
- Upgrade V4 Optimism to use DPR (in testnet)
- Upgrade V4 Avalanche to use DPR (in testnet)
- Bridge draws to Optimism (in development)
**Bonus**
- We've developed a dapp to update the Draw Percentage Rate
## PoolTogether Hyperstructure
What was previously called "version 5", or V5, we are now internally referring to as the PoolTogether Hyperstructure. This is because our goal for the next version is to release a new core that is immutable, but can be permissionlessly extended.
Significant progress has been made with the design of the hyperstructure. We have a draft whitepaper, but it still needs revisions, polish, and critique.
Todo:
- finalize design
- deploy testnet
- audit
- launch
# Budget
## Requested Amount
| Token | Amount |
| ----- | ----- |
| POOL | 1440.95 |
## Budget Breakdown
### Team Members
| Role | Yearly USD Compensation | Commitment Percentage | Quarterly USDC | Quarterly POOL | Contributor | Contributor Discord |
| ---- | ---- | ---- | ---- | ---- | ---- | ---- |
| Team Lead | N/A | 100% | 0 (covered by PT Inc) | 0 | Brendan Asselstine | Brendan 🌊🏆#1830 |
| Protocol Engineer | $211,166 | 100% | 0 (covered by PT Inc) | 26,813.98 | Pierrick Turelier | Pierrick#1350 |
| Protocol Engineer | $202,000 | 100% | 0 (covered by PT Inc) | (covered by Client Team) | Dylan DesRosier | dylandesrosier#6262 |
## 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 auditing this quarter.
| Description | Amount |
| ----------- | ------ |
| Security Bounties | $50,000 |
| Auditing | $250,000 |
# Retrospective
## Goals
- We've made great progress in decentralizing V4, as noted above
- We have a solid draft of the hyperstructure
- We hired internally for the protocol engineer position by shifting Dylan over from the client team. He'll continue to receive compensation through the Client team.
## Budget Surplus
| Description | Amount | Token |
| ------------- | ---------- | ---------- |
| C4 outstanding account balance | 126,200 | USDC |
| Held assets | 196,001 | ScUSDC |
| Protocol Engineer open position | 25,373.03 | POOL |
# Appendix
## Token Pricing
| Token | value in USD |
| ----- | ------------ |
| POOL | 0.6728370667 |
0xd02ae906…36e1sent to0xb3a87172…87f0·#16,226,528·0xfa22d1f8…8af88b
# TBR-2022-Q1-Education Team
**Purpose**
This team will focus on creating tutorials and guides for existing and potential users of PoolTogether. There have been great tutorials from users like @thumbsupfinance & Kris Kay (Defi Donut) in the past. We hope to emulate this while also updating, maintaining & translating our content. We will help crypto natives & those new to crypto find the smoothest route to go from fiat to ptUSDC. These could vary greatly between different countries and user preferences (self custody vs custodial), we hope to provide understanding which will empower users to choose the best route to deposit for them.
We hope to achieve this through providing comprehensive, structured and easy to understand tutorials as well as live support. The live support could be specific hours team members spend in the #help channel of the discord as well as private voice chats / support within the PT discord.
**Goals**
Create a knowledge foundation of crypto for users to easily understand and use PoolTogether
Create & maintain guides for onboarding depositors
Provide Live support for users
Bonus goal to pursue if we deem 1-3 to be performed to our expectations:
Educate Users on how to stay safe when navigating crypto
Expense Budget
Team Members $21,404
Coordinape $5,000
Bounties $3,000
Tools / Subscriptions $200
Total $29,604
For a more detailed breakdown of our goals & reasoning please visit our governance post https://gov.pooltogether.com/t/rfc-tbr-q1-2023-education-onboarding-team/2669
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# TBR-Q1-2023 - Executive Team
Purpose
The Executive-Team has been the primary custodian of prize pool contracts and prize liquidity since V4 inception. We handle custody and transaction matters where directed by governance, such as claiming rewards, and receiving tokens on networks other than mainnet. We are the goto solution for maximum security custody for the community.
We will continue the custody of delegations for the Community Team, Grants, and SerHotMike. Custody continues to be $300k in total.
We continue with a custody limit of $750k to put a hard cap on our total custody. Activities that approach the cap will be brought forward as an alert. Any funds over that amount will need to be approved by a vote to change the cap. This gives the community a clear picture of what our custody risk is.
More info on https://gov.pooltogether.com/t/rfc-tbr-q1-2023-executive-team/2667
0xe0e7b7c5…1c27sent to0xb3a87172…87f0·#16,220,522·0xff62fb38…69be46
# TBR-Q1-2023 - Grants Team
##### More info
https://gov.pooltogether.com/t/rfc-tbr-q1-2023-grants-team/2666
##### Purpose
The grants team serves as a community-led program to fund ideas submitted by both PoolTogether community members as well as third-party applicants, with a focus on empowering a wider network of developers and contributors and increase adoption of the PoolTogether protocol. There are many great ideas for improving the protocol and grants plays a key role in evaluating and equipping those contributors with resources needed to go from idea to funded development.
0x9f36a6bb…02b9sent to0xb3a87172…87f0·#16,219,753·0x93abd47d…f2820c
# TBR-Q1-2023 - Community Team
## Purpose
The community team is responsible for stewarding, instilling, and nurturing the culture and contributors around the protocol. Its work ensures the ethos of PoolTogether stays strong as the protocol grows. The team’s areas of focus are:
**Identity**: Facilitate and foster events, vibes & values
**Spaces**: Manage & maintain community spaces
**Content**: Create & promote content such as newsletters, guides, articles, and user documentation
**Engagement**: Empower community members to take ownership & help grow PoolTogether
**Relationships**: Cultivate trust, coordinate actions, and collaborate for change
### Objective
PoolTogether is perceived as the most wholesome, welcoming, and secure community in DeFi.
## Goals
1.) Maintain a strong and engaged community.
2.) Increase the level of ownership taken by protocol contributors through Community Experience.
3.) Increase awareness & affinity for savings, the no loss spirit, and PoolTogether’s role in Decentralized Finance.
4.) Improve coordination, mutual learning, and flow of resources and information.
Read more: https://gov.pooltogether.com/t/rfc-tbr-q1-2023-community-team/2668
0x93146d99…64ecsent to0xb3a87172…87f0·#16,219,572·0x7b11a98d…51b93a
# TBR-Q1-2023 - Finance Team
Purpose
The Finance team continues with the core purposes from the previous quarter:
Ensure safety and prudence go into every decision
Drive future protocol growth
Identify sustainable solutions
Present objective data to the community
Acquiring these values, the Finance team will specially focus on Treasury sustainability and transparency. With the Treasury growth and the creation of multiple independent teams, the Finance team can offer a holistic view of the Treasury to bring clarity on a financial perspective.
Finally, the Finance team will monitor and implement changes to prize distributions with the purpose of growing the protocol in a sustainable manner. Example duties: monitoring prize data and sentiment, adjusting prizes and optimizing prize distributions to create the best user experience.
Read more https://gov.pooltogether.com/t/rfc-tbr-q1-2023-renewal-finance-team/2665
0x9f36a6bb…02b9sent to0xb3a87172…87f0·#15,789,272·0x04e39411…33620c
# TBR-Q4-2022 - Community Team
# TBR-Q4-2022 - Community Team
https://gov.pooltogether.com/t/rfc-tbr-q4-2022-community-team/2575
| | |
| --------- | ---------- |
| Team Name | **Community Team** |
| Quarter and Year | **Q4 2022** |
| Payout Address | **TBD** |
| Total USD Value Requested | **$45,681.66 USD** |
## Purpose
The community team is responsible for stewarding, instilling, and nurturing the culture and contributors around the protocol. Its work ensures the ethos of PoolTogether stays strong as the protocol grows. The team’s areas of focus are:
**Identity**: Facilitate and foster events, vibes & values
**Spaces**: Manage & maintain community spaces
**Content**: Create & promote content such as newsletters, guides, articles, and user documentation
**Engagement**: Empower community members to take ownership & help grow PoolTogether
**Relationships**: Cultivate trust, coordinate actions, and collaborate for change
### Objective
PoolTogether is perceived as the most wholesome, welcoming, and secure community in DeFi.
## Goals
###### 1) Maintain a strong and engaged community.
-Shape community-first vibes through events, bounties & other fun activities
-Promote the PoolTogether values and nurture our community identity
-Ensure the community is a safe space for its members
-Bootstrap a community-led events program
-Conduct audit for community spaces
-Conduct DAO-Health Survey
**Performance Metrics**:
DAO Health Survey results, number of events, grow # of event participants by 5-10%, Community growth (Discord Members) – Grow community sustainably by 2%
###### 2) Increase the level of ownership taken by protocol contributors through Community Experience.
-Increase transparency & awareness of key community activities
-Create entry points for contributors to play a role in growing the protocol
-Spotlight contributors and their work
-Revamp onboarding calls
**Performance Metrics**:
Number of Coordinape members & teams, unique voters, number of members who made their first contribution
###### 3) Increase awareness & affinity for savings, the no loss spirit, and PoolTogether’s role in Decentralized Finance.
-Be a reliable news source around the PoolTogether protocol and its closer ecosystem
-Create educational content around PoolTogether, & savings: visuals, explainers, and videos
-Actively work on creating spaces for cross-community activities in an effort to unite communities
**Performance Metrics**:
Content reach (Recipients, Open Rate, Click-throughs) – Grow reach by 10%, maintain an open rate ≥18-20%, facilitate at least one cross-community opportunity
###### 4) Improve coordination, mutual learning, and flow of resources and information
-Host meetings & workshops to share and apply our learnings
-Create playbooks to garner and share best practices
-Maintain spaces for knowledge exchange
**Performance Metrics**:
Built Context (Number of created/updated documents, formalized processes), host at least 3 workshops, deliver a Community Dashboard
Here is [an overview](https://pooltogetherdao.notion.site/Community-Team-Home-131b41549b4b4f29a9f96db60758463d) of current projects the community team is working on to achieve these goals.
### **Metrics**
The following metrics will be used to measure the team’s success:
| **Baseline Data** (as of 30. September 2022) | |
| --- | --- |
| Discord members | 11,905 |
| # of members who made their first contribution | not tracked |
| Token holders (>1 POOL) | 8,744 |
| # (%) of holders verified on Discord | 443 (x%) |
| Twitter followers | 47,387 |
| Lens followers | 40 |
| Mirror subscribers | 27 |
| Substack subscribers | 2,212 |
| Events (#, month) | 15 |
| Teams (#) | 8* |
| Coordinape Contributors (#) | 48 |
# Budget
## Requested Amount
| Token | Amount | USD |
| --------- | ------- | ---------- |
| USDC | 8,228.00 | $8,228.00 |
| POOL | 38,012.53 | $37,453.66 |
| **Total** | – | $45,681.66 |
## Budget Breakdown
### Team Members
| Role | Yearly USD Compensation | Commitment Percentage | Quarterly USDC | Quarterly POOL | Contributor | Contributor Discord |
| ---- | ---- | ---- | ---- | ---- | ---- | ---- |
| Community Builder | $94,000 | 100% | 0 | 3,959.20 | Tjark | Tjark#0815 |
| Coordinape Manager | $90,000 | 7.5% | 1,418 | 274.03 | Lonser | Lonser#7584 |
| Language Advocate | $60,000 | 20% | 2,655 | 350.15 | **Open Role** | |
| Language Advocate | $60,000 | 20% | 2,655 | 350.15 | **Open Role** | |
In case the budget request is accepted the Community Team will offer two open positions.
**Note**: PoolTogether Inc currently covers the USDC compensation for the Community Builder position for this quarter.
### Team Expenses
| Description | Amount |
| ----------- | ------ |
| Coordinape | 31,579 POOL |
| Bounties & Contests | 1,500 POOL |
| Merch & Incentives | 1,500 USDC |
| Delegation Budget | 100,000 PTaOptUSDC |
The Coordinape budget is capped at $10,000 worth of POOL per month. $400 per active circle member is being distributed per month. Any leftover funds will roll over into the next quarter.
The Executive Team should hold custody of the Delegation budget. This budget is not intended to be spent but to be used as contributor incentives and contest rewards via the PoolTogether delegation feature. A member of the Community Team will serve as a representative and provide a quarterly report on how the delegation budget has been used.
All the funds not used at the end of the quarter will be rolled over to the next quarter in case the team gets approved. If it is not, all unused funds will be returned to the PoolTogether treasury.
----
# Appendix
**Note:** Token prices at time of budget request are used for standardization. For simplicity the relevant token prices are provided below.
| Token | USD |
| ---- | ---- |
| USDC | $1 |
| POOL | 0.985298 |
The team member compensation is based on the [compensation formula spreadsheet](https://docs.google.com/spreadsheets/d/1zkgljshTWmJke85LZqtlZYxmb6aZLoFQxeWx5q7mEPI/edit#gid=0).
0x93146d99…64ecsent to0xb3a87172…87f0·#15,785,934·0xc294bc2a…74bdda
# TBR-Q4-2022 - Executive Team
https://gov.pooltogether.com/t/rfc-tbr-q4-2022-executive-team/2579
Team Name Executive Team
Quarter and Year Q4 2022
Payout Address 0xDa63D70332139E6A8eCA7513f4b6E2E0Dc93b693
Total USD Value Requested $309,181 USD
Purpose
The Executive-Team has been the primary custodian of prize pool contracts and prize liquidity since V4 inception. We handle custody and transaction matters where directed by governance, such as claiming rewards, and receiving tokens on networks other than mainnet. We are the goto solution for maximum security custody for the community.
We will take on a new task of custodying delegation funds for L2s. This proposal includes 300k USDC which will be represented by Grants Team (100k), Community Team (100k) and SerHotMike for the growth team. Delegation funds will be separate from prize liquidity for clarity and deposited to the multi-delegator or as undelegated tickets. This operation has the side benefit of increased prize generation for sponsorship funds that are not delegated.
Note: We shall introduce a custody limit of $750k for this quarter to put a hard cap on our total custody. Activities that approach the cap will be brought forward as an alert. Any funds over that amount will need to be approved by a vote to change the cap. This gives the community a clear picture of what our custody risk is.
Goals
Our primary focus is security. We maintain a 7/11 multi-sig of senior contributors who are well versed in PoolTogether infrastructure, happenings, and the greater DeFi ecosystem.
We look to act in a timely and efficient manner to ensure prize liquidity never runs dry, and that Pooler and treasury funds are safe.
These pillars form our goals
Security
No loss. We strive to never lose funds. This is an easily evaluated metric we strive to maintain.
Acting on governance directives
A quarterly team survey evaluates our performance alignment with governance directives. The executive-team aligns with the council. Any concerns from the community are encouraged.
Ensuring prize delivery
Prizes promised are prizes delivered. We strive for no failed prize claims due to a lack of prize liquidity.
Acting in an organized and efficient way.
A new procedure is being introduced to outline execution time expectations. Transactions will be presented by lead as having a standard 24hr time to sign and execute. Transactions requiring more immediate attention will be presented with a 12hr time to sign and execute. The team will strive to always meet these deadlines and missed time windows will be reported at quarters end.
0x3bc1158e…6a76sent to0xb3a87172…87f0·#15,785,517·0x0cdcb19b…1fd423
# TBR-Q4-2022 - Finance Team
https://gov.pooltogether.com/t/rfc-tbr-q4-2022-finance-team/2573
# TBR-Q4-2022 - Finance Team
| | |
| --------- | ---------- |
| Team Name | **Finance Team** |
| Quarter and Year | **Q4 2022** |
| Payout Address | **0xB74659A1011F6DCA3BA6F6e22a71bA8f414F36A1** |
| Total USD Value Requested | **$44,250 USD** |
# Purpose
The Finance team serves as a continuation of the previous Treasury Work Group and Interim Prize Team. The core purposes from these teams has always been to:
* Ensure safety and prudence go into every decision
* Drive future protocol growth
* Identify sustainable solutions
* Present objective data to the community
Acquiring these same values, the Finance team will specially focus on DAO sustainability and transparency. With the DAO growth and the creation of multiple independent teams, the Finance team can offer a holistic view of the DAO to bring clarity on a financial perspective.
Also, with V5 on its way, new opportunities, assets and yield sources will come to the protocol. The Finance team should provide a recommendation on the new elements to make sure that the DAO is able to make informed decisions.
Finally, the Finance team will monitor and implement changes to prize distributions with the purpose of growing the protocol in a sustainable manner. Example duties: monitoring prize data and sentiment, adjusting prizes and optimizing prize distributions to create the best user experience.
# Goals
Aligned with the previously mentioned purposes, the Finance Team would have the following goals:
**1. Quarterly review of DAO inflows/outflows**
As the DAO is expanding and attracting more contributors, a detailed view of incomes and expenses is required to determine the runway of the DAO and be able to plan accordingly.
A quarterly report will be published giving specific and objective information on the inflows/outflows of the DAO.
**2. Asset Management Analysis**
Protocol’s Treasury can provide a significant yield to help achieve sustainability. Due to Governor Alpha constraints, the options from which yield could be obtained have been limited in the past. With more innovation coming to DeFi and other options to explore, the Finance team should look for safe opportunities to be able to get yield on the DAOs assets.
With the top priority of keeping funds in control of the governance contract, at least 3 different yield strategies will be presented to the DAO.
**3. Protocol-Owned Liquidity solutions**
Given that the protocol is about to deploy liquidity on mainnet Uniswap V3, the team is committed to keep an eye on both this new deployment and the previous Polygon POL. It is also required to explore the possibilities to encourage depositors to migrate from Uniswap V2 to V3.
At least 1 alternative will be presented to the DAO to encourage Uniswap V2 LPers to migrate to Uniswap V3.
**4. Prize distribution**
Prizes are the main attraction of PoolTogether, so it is important to use them as effectively as possible to grow the protocol.
Moving to weekly prizes is the main objective, as we consider that this will help unlock bigger prizes which will end up attracting more users. While doing this, we also plan to maintain sustainable prizes and keep the balance between yield inflows and prize outflows. Prize subsidy will be considered where a clear vision for growth is outlined and can be evaluated empirically for success.
The Finance Team will also build and maintain utilities (Node, Discord, WebApps, Dune) to monitor and measure prize results.
# Budget
## Requested Amount
| Amount | Token |
| ----- | ----- |
| 37,170 | USDC |
| 7,185 | POOL |
## Budget Breakdown
### Team Members
| Role | Yearly USD Compensation | Commitment Percentage | Quarterly USDC | Quarterly POOL | Contributor | Contributor Discord |
| ---- | ---- | ---- | ---- | ---- | ---- | ---- |
| Lead | $90,000 | 55% | 10,395 | 2,010 | underthesea | underthesea#4658 |
| Member & Communications | $90,000 | 55% | 10,395 | 2,010 | BRONDER | BRONDER#4788 |
| Accountant / Member | | | 5,460 | 1,055 | **Open Role** | |
| Prize Analyst / Member | | | 5,460 | 1,055 | **Open Role** | |
| Temporary Consultant | | | 5,460 | 1,055 | **Open Role** | |
In order to cover open roles we are looking for persons with experience in accounting, research or analytics, and expertise in liquidity and risk analysis. Those will be covered on specific occasions with a maximum budget of $6,500 per role.
### Team Expenses
No expenses.
## Previous Budget Surplus
The Finance team inherits the 3 out of 6 multisig previously used by the TWG (BraveNewDefi, BRONDER, DaBoom, drcpu, TheRealTuna, underthesea). As a consequence, the team inherits the existing budget for transactional costs kept safely in the gnosis safe amounting to:
| Description | Amount | Token |
| ----- | ----- | ----- |
ETH for Operations | 2.19 | ETH |
The Finance team will also inherit the UNI V3 positions on Polygon. However, as the team has become significantly smaller, the UNI V3 positions on Polygon should be migrated to the Exec-team for custody.
Regarding the previous Prize team, the Finance team will inherit and maintain the previous 3 out of 5 multisig (BRONDER, Dylan, Leighton, Ncookie, underthesea). The other 3 members outside of the Finance team will be kept as informal advisors. This will allow us to move relatively fast in events of big yield changes or other unforeseen needs to adapt the prizes. This multisig does not custody any additional funds.
There is currently ~$225,000 USDC in prize liquidity reserves that can be used as subsidy for Q4.
All of the funds not used at the end of the quarter will be rolled over to the next quarter if the team is renewed. If not renewed, all leftover funds will be returned to the PoolTogether Treasury.
# Appendix
## Token Pricing
| Token | USD |
| ---- | ---- |
| ETH | $1,300 |
| USDC | $1 |
| POOL | $0.985298 |
0xe507f2d7…a989sent to0xb3a87172…87f0·#15,783,768·0x275ecc92…070418
# TBR-Q4-2022 - PT Inc. Client Team
| | |
| --------- | ---------- |
| Team Name | **PT Inc. Client Team** |
| Quarter and Year | **Q4 2022** |
| Payout Address | **0x3927E0642C432A934a4EAA64C79bC8a1D8ac5Fb7** |
| Total USD Value Requested | **$45,939 USD** |
# Purpose
The PoolTogether Inc. Client team is responsible for providing client support for the protocol. This includes maintaining and expanding the flagship consumer interface at app.pooltogether.com and developing additional dapps on tools.pooltogether.com and vote.pooltogether.com. The Client team is also building tooling for developers to easily build on top of the protocol with things like tutorials, SDKs and APIs.
# Goals
1. **Core App Redesign**
The interface found at app.pooltogether.com is in need of an update. The app started as a prototype and grew into the production app. The team has paid a Designer for a complete redesign and will be implementing this. The goal of the redesign is to be more approachable for new comers while maintaining the same (and more) level of details. Along with that, the redesign sets up the application for expanding to many more prize pools (deposit tokens, yield sources)
**Deliverable:** Deploy redesigned app in Q4
2. **V5 App Alpha**
The client team has been developing an Alpha version of the app for the proposed V5 of PoolTogether. This will allow the community to have a more tangible way of testing the proposed changes. The team is working closely with the Protocol team to ensure a smooth transition from V4 to V5 in the future.
**Deliverable:** Deploy alpha app in Q4
3. **V5 JS SDK**
Alongside the alpha app, the client team will release alpha versions of @pooltogether/v4-client-js for interacting with the V5 protocol.
**Deliverable:** Deploy V5 JS SDK
4. **V3 App Deprecation**
Unfortunately the existing V3 app is expensive and difficult to maintain. To prepare for shutting down that UI we need alternative UIs for users to: withdraw & claim rewards.
**Deliverable:** Deprecate V3 app
**Deliverable:** Deploy V3 mini apps
5. **Hiring**
The PoolTogether client team is looking to hire 1 full time engineer to help work across the stack on the various interfaces and infrastructure used by the client team and external developers.
**Deliverable:** Hire a full time engineer
# Budget
## Requested Amount
| Amount | Token |
| ----- | ----- |
| 46,624.47 | POOL |
## Budget Breakdown
### Team Members
| Role | Yearly USD Compensation | Commitment Percentage | Quarterly USDC | Quarterly POOL | Contributor | Contributor Discord |
| ---- | ---- | ---- | ---- | ---- | ---- | ---- |
| Software Engineer | $202,000 | 100% | 0 (covered by PT Inc.) | 16,811.16 | Dylan DesRosier | dylandesrosier#6262 |
| Junior Software Engineer | $100,000 | 100% | 0 (covered by PT Inc.) | 4,440.28 | Noah Cukiert | Ncookie#1619 |
| Software Engineer | $250,000 | 100% | 0 (covered by PT Inc.) | 25,373.03 | **Open Role** | |
The maximum POOL salary for the open position is being requested ( see the [compensation formula spreadsheet](https://docs.google.com/spreadsheets/d/1zkgljshTWmJke85LZqtlZYxmb6aZLoFQxeWx5q7mEPI/edit#gid=0))) to keep the door open for high quality candidates. If we do not hire this quarter, we will roll the tokens over to next quarter. If we decide we don’t need to fill the role, we will return the tokens. If we hire they will likely be below the max, so we will return or roll over the remaining tokens.
### Team Expenses
Additional expenses are currently being covered by PT Inc.
# Appendix
## Token Pricing
| Token | USD |
| ---- | ---- |
| USDC | $1 |
| POOL | 0.985298 |
0x93146d99…64ecsent to0xb3a87172…87f0·#15,591,264·0x20a679fd…232cca
# PTIP 82 - A foundation for protocol owned liquidity
Simple Summary
Open four protocol owned liquidity positions for WETH/POOL on Uniswap V3 mainnet
Motivation
This initiative is the culmination of the Polygon Protocol Owned Liquidity and research from the Treasury Working Group. Recent discussions and links to older relevant materials can be found at https://gov.pooltogether.com/t/a-foundation-for-protocol-owned-liquidity/2534
Executive Team Mandate
Withdraw Olympus ETH/POOL V2 position
Send position to TWG multi-sig 0xB74659A1011F6DCA3BA6F6e22a71bA8f414F36A1
Treasury Working Group Mandate
Withdraw 100,000 USDC from PrizePool, swap for ETH
Withdraw liquidity from Uniswap V2
Add liquidity in four ranges to Uniswap V3
Range #1 TWAP protection full range
Price 0 to Infinity
Amounts 1.5 WETH and applicable amount of POOL (aiming for $10k value)
Range #2 Current active trading range
Price 0.0004 to 0.0012 WETH per POOL
Amounts ~40 WETH (50,000 USDC swap + UNI V2 withdrawn) and applicable amount of POOL (currently estimated at 95k POOL)
Range #3 One-sided POOL range
Price 0.001 to .01 WETH per POOL
Amount 200k POOL minus POOL spent in Range #1 and #2. Estimated to be ~100k POOL
Range #4 One-sided WETH range
Price 0.0002 to 0.00045 WETH per POOL
Amount Proceeds of swapping 50k USDC to WETH and leftover after deploying other ranges (currently estimated to be ~40 WETH)
Send NFTs for liquidity positions to timelock
Proposal Technical Specification
POOL token
Destination 0xB74659A1011F6DCA3BA6F6e22a71bA8f414F36A1
Amount 183000000000000000000000
Custom contract 0xdd4d117723C257CEe402285D3aCF218E9A8236E1
Transfer
Recepient 0xB74659A1011F6DCA3BA6F6e22a71bA8f414F36A1
Amount 100000000000
Custom contract 0xc36442b4a4522e871399cd717abdd847ab11fe88
transferFrom
from 0x42cd8312D2BCe04277dD5161832460e95b24262E
to 0xB74659A1011F6DCA3BA6F6e22a71bA8f414F36A1
tokenID 321228
unknown sendersent to0xb3a87172…87f0·#15,511,309·0x9f46c9a3…27f4d3
transfer(address,uint256)# PTIP 81 - Extend ETH/POOL LP on Uniswap V2 for 60 days at a rate of 150 POOL per day
# PTIP-81 Extend ETH/POOL LP on Uniswap V2 for 60 days at a rate of 150 POOL per day
## Simple Summary
Extend ETH/POOL LP on Uniswap V2 for 60 days at a rate of 150 POOL per day.
## Motivation
The POOL rewards for the POOL/ETH LP on Uniswap V2 are ending today. In order to maintain some liquidity on Ethereum, we should keep this reward program running.
### Rationale
While the Treasury Working Group (TWG) is working on providing liquidity on Uniswap V3, we should maintain liquidity on Uniswap V2 to avoid any large price movements caused by a lack of liquidity.
At the end of the 60 days period, we can figure out if the liquidity provided by the TWG on Uniswap V3 is enough or if we should also keep some liquidity on Uniswap V2.
TWG RFC: https://gov.pooltogether.com/t/a-foundation-for-protocol-owned-liquidity/2534/3
## Technical Specification
Call the `transfer` function on the POOL token.
Contract: [0x0cec1a9154ff802e7934fc916ed7ca50bde6844e](https://etherscan.io/address/0x0cec1a9154ff802e7934fc916ed7ca50bde6844e)
Function: `transfer(address,uint256)`
Inputs:
dst: `0x9A29401EF1856b669f55Ae5b24505b3B6fAEb370`
rawAmount: `9000000000000000000000`
## Status
PTIP: https://gov.pooltogether.com/t/ptip-81-extend-eth-pool-lp-on-uniswap-v2-for-60-days-at-a-rate-of-150-pool-per-day/2536
Snapshot: https://snapshot.org/#/pooltogether.eth/proposal/0x0ffb7dfcd08ea71fe5ffb2f509ec1f6f6e47b7c11f7afe6d72578251d89fb5a9
0xd7080446…ab3asent to0xb3a87172…87f0·#15,511,309·0x9f46c9a3…27f4d3
# PTIP 81 - Extend ETH/POOL LP on Uniswap V2 for 60 days at a rate of 150 POOL per day
# PTIP-81 Extend ETH/POOL LP on Uniswap V2 for 60 days at a rate of 150 POOL per day
## Simple Summary
Extend ETH/POOL LP on Uniswap V2 for 60 days at a rate of 150 POOL per day.
## Motivation
The POOL rewards for the POOL/ETH LP on Uniswap V2 are ending today. In order to maintain some liquidity on Ethereum, we should keep this reward program running.
### Rationale
While the Treasury Working Group (TWG) is working on providing liquidity on Uniswap V3, we should maintain liquidity on Uniswap V2 to avoid any large price movements caused by a lack of liquidity.
At the end of the 60 days period, we can figure out if the liquidity provided by the TWG on Uniswap V3 is enough or if we should also keep some liquidity on Uniswap V2.
TWG RFC: https://gov.pooltogether.com/t/a-foundation-for-protocol-owned-liquidity/2534/3
## Technical Specification
Call the `transfer` function on the POOL token.
Contract: [0x0cec1a9154ff802e7934fc916ed7ca50bde6844e](https://etherscan.io/address/0x0cec1a9154ff802e7934fc916ed7ca50bde6844e)
Function: `transfer(address,uint256)`
Inputs:
dst: `0x9A29401EF1856b669f55Ae5b24505b3B6fAEb370`
rawAmount: `9000000000000000000000`
## Status
PTIP: https://gov.pooltogether.com/t/ptip-81-extend-eth-pool-lp-on-uniswap-v2-for-60-days-at-a-rate-of-150-pool-per-day/2536
Snapshot: https://snapshot.org/#/pooltogether.eth/proposal/0x0ffb7dfcd08ea71fe5ffb2f509ec1f6f6e47b7c11f7afe6d72578251d89fb5a9
unknown sendersent to0xb3a87172…87f0·#15,328,133·0xc12169c3…11eaa2
withdrawReserve(address,address)withdrawReserve(address,address)withdrawReserve(address,address)withdrawReserve(address,address)transfer(address,uint256)transfer(address,uint256)transfer(address,uint256)transfer(address,uint256)transfer(address,uint256)transfer(address,uint256)# PTIP 80 - Treasury Assets Management #2
#PTIP-80
##Simple Summary
We are looking to take advantage of all the assets in the PoolTogether DAO Treasury, by selling them for ETH or getting yield from them.
##Abstract
This proposal will send the following assets from the Treasury to the TWG Multisig to be sold and returned to the Treasury:
UNI (for ETH)
SUSHI (for ETH)
BADGER (for ETH)
COMP (for ETH)
AVAX (for ETH)
TRIBE (for ETH)
GAL (for ETH)
We will also stake the following assets (through working with the Exec Team):
MATIC
AAVE
The AVAX should be sent from the Exec Team to The Treasury Working group to be liquidated
##Motivation
After managing the stable assets from the treasury, it was the turn for non-stable assets. Instead of just holding all of the tokens, it was time for the DAO to select those that can have a long term impact and get some yield on them (or hold them). Whereas less meaningful assets will be sold for ETH.
Given the value of the assets being sold (less than $30K) and to simplify smart contract interactions (more than 10 transactions are required, so 2 PTIPs would be required if everything was done through the Governor Alpha contract), instead of doing all of the transactions through the Governor Alpha, the Treasury Working Group will take care of selling the assets for ETH and returning the obtained ETH to the Treasury.
##Technical Specification
On-chain transactions to be performed in PTIP-80:
Withdraw UNI from V3 Reserve
Contract: 0xd1797d46c3e825fce5215a0259d3426a5c49455c
function: WithdrawReserve()
from "prizePool": 0x0650d780292142835f6ac58dd8e2a336e87b4393
to: 0x42cd8312d2bce04277dd5161832460e95b24262e
Withdraw SUSHI from V3 Reserve
Contract: 0xd1797d46c3e825fce5215a0259d3426a5c49455c
function: WithdrawReserve()
from "prizePool": 0xc32a0f9dfe2d93e8a60ba0200e033a59aec91559
to: 0x42cd8312d2bce04277dd5161832460e95b24262e
Withdraw BADGER from V3 Reserve
Contract: 0xd1797d46c3e825fce5215a0259d3426a5c49455c
function: WithdrawReserve()
from "prizePool": 0xc2a7Dfb76E93d12a1bB1Fa151b9900158090395d
to: 0x42cd8312d2bce04277dd5161832460e95b24262e
Withdraw COMP from V3 Reserve
Contract: 0xd1797d46c3e825fce5215a0259d3426a5c49455c
function: WithdrawReserve()
from "prizePool": 0xbc82221e131c082336cf698f0ca3ebd18afd4ce7
to: 0x42cd8312d2bce04277dd5161832460e95b24262e
Send 856.37 UNI from Governance Timelock to TWG Multisig
Contract: 0x1f9840a85d5aF5bf1D1762F925BDADdC4201F984
function: transfer()
from: 0x42cd8312d2bce04277dd5161832460e95b24262e
to: 0xB74659A1011F6DCA3BA6F6e22a71bA8f414F36A1
amount: 856372424846341926258
Send 3,284.53 SUSHI from Governance Timelock to TWG Multisig
Contract: 0x6B3595068778DD592e39A122f4f5a5cF09C90fE2
function: transfer()
from: 0x42cd8312d2bce04277dd5161832460e95b24262e
to: 0xB74659A1011F6DCA3BA6F6e22a71bA8f414F36A1
amount: 3284532343089035803483
Send 122.03 BADGER from Governance Timelock to TWG Multisig
Contract: 0x3472A5A71965499acd81997a54BBA8D852C6E53d
function: transfer()
from: 0x42cd8312d2bce04277dd5161832460e95b24262e
to: 0xB74659A1011F6DCA3BA6F6e22a71bA8f414F36A1
amount: 122038867515372212081
Send COMP from Governance Timelock to TWG Multisig
Contract: 0xc00e94Cb662C3520282E6f5717214004A7f26888
function: transfer()
from: 0x42cd8312d2bce04277dd5161832460e95b24262e
to: 0xB74659A1011F6DCA3BA6F6e22a71bA8f414F36A1
amount: 281600941575265376483
Send 41,257.89 TRIBE from Governance Timelock to TWG Multisig
Contract: 0xc7283b66Eb1EB5FB86327f08e1B5816b0720212B
function: transfer()
from: 0x42cd8312d2bce04277dd5161832460e95b24262e
to: 0xB74659A1011F6DCA3BA6F6e22a71bA8f414F36A1
amount: 41257897178145893659381
Send GAL from Governance Timelock to TWG Multisig
Contract: 0x5fAa989Af96Af85384b8a938c2EdE4A7378D9875
Function: transfer()
From: 0x42cd8312d2bce04277dd5161832460e95b24262e
To: 0xB74659A1011F6DCA3BA6F6e22a71bA8f414F36A1
Amount: 1500000000000000000000
Off-chain transactions to be performed in PTIP-77 from TWG:
Approve UNI
Approve SUSHI
Approve BADGER
Approve COMP
Approve TRIBE
Sell UNI for ETH
Sell SUSHI for ETH
Sell BADGER for ETH
Sell COMP for ETH
Sell TRIBE for ETH
Sell GAL for ETH
Send ETH to Governance Timelock
0xa31c2232…6020sent to0xb3a87172…87f0·#15,328,133·0xc12169c3…11eaa2
# PTIP 80 - Treasury Assets Management #2
#PTIP-80
##Simple Summary
We are looking to take advantage of all the assets in the PoolTogether DAO Treasury, by selling them for ETH or getting yield from them.
##Abstract
This proposal will send the following assets from the Treasury to the TWG Multisig to be sold and returned to the Treasury:
UNI (for ETH)
SUSHI (for ETH)
BADGER (for ETH)
COMP (for ETH)
AVAX (for ETH)
TRIBE (for ETH)
GAL (for ETH)
We will also stake the following assets (through working with the Exec Team):
MATIC
AAVE
The AVAX should be sent from the Exec Team to The Treasury Working group to be liquidated
##Motivation
After managing the stable assets from the treasury, it was the turn for non-stable assets. Instead of just holding all of the tokens, it was time for the DAO to select those that can have a long term impact and get some yield on them (or hold them). Whereas less meaningful assets will be sold for ETH.
Given the value of the assets being sold (less than $30K) and to simplify smart contract interactions (more than 10 transactions are required, so 2 PTIPs would be required if everything was done through the Governor Alpha contract), instead of doing all of the transactions through the Governor Alpha, the Treasury Working Group will take care of selling the assets for ETH and returning the obtained ETH to the Treasury.
##Technical Specification
On-chain transactions to be performed in PTIP-80:
Withdraw UNI from V3 Reserve
Contract: 0xd1797d46c3e825fce5215a0259d3426a5c49455c
function: WithdrawReserve()
from "prizePool": 0x0650d780292142835f6ac58dd8e2a336e87b4393
to: 0x42cd8312d2bce04277dd5161832460e95b24262e
Withdraw SUSHI from V3 Reserve
Contract: 0xd1797d46c3e825fce5215a0259d3426a5c49455c
function: WithdrawReserve()
from "prizePool": 0xc32a0f9dfe2d93e8a60ba0200e033a59aec91559
to: 0x42cd8312d2bce04277dd5161832460e95b24262e
Withdraw BADGER from V3 Reserve
Contract: 0xd1797d46c3e825fce5215a0259d3426a5c49455c
function: WithdrawReserve()
from "prizePool": 0xc2a7Dfb76E93d12a1bB1Fa151b9900158090395d
to: 0x42cd8312d2bce04277dd5161832460e95b24262e
Withdraw COMP from V3 Reserve
Contract: 0xd1797d46c3e825fce5215a0259d3426a5c49455c
function: WithdrawReserve()
from "prizePool": 0xbc82221e131c082336cf698f0ca3ebd18afd4ce7
to: 0x42cd8312d2bce04277dd5161832460e95b24262e
Send 856.37 UNI from Governance Timelock to TWG Multisig
Contract: 0x1f9840a85d5aF5bf1D1762F925BDADdC4201F984
function: transfer()
from: 0x42cd8312d2bce04277dd5161832460e95b24262e
to: 0xB74659A1011F6DCA3BA6F6e22a71bA8f414F36A1
amount: 856372424846341926258
Send 3,284.53 SUSHI from Governance Timelock to TWG Multisig
Contract: 0x6B3595068778DD592e39A122f4f5a5cF09C90fE2
function: transfer()
from: 0x42cd8312d2bce04277dd5161832460e95b24262e
to: 0xB74659A1011F6DCA3BA6F6e22a71bA8f414F36A1
amount: 3284532343089035803483
Send 122.03 BADGER from Governance Timelock to TWG Multisig
Contract: 0x3472A5A71965499acd81997a54BBA8D852C6E53d
function: transfer()
from: 0x42cd8312d2bce04277dd5161832460e95b24262e
to: 0xB74659A1011F6DCA3BA6F6e22a71bA8f414F36A1
amount: 122038867515372212081
Send COMP from Governance Timelock to TWG Multisig
Contract: 0xc00e94Cb662C3520282E6f5717214004A7f26888
function: transfer()
from: 0x42cd8312d2bce04277dd5161832460e95b24262e
to: 0xB74659A1011F6DCA3BA6F6e22a71bA8f414F36A1
amount: 281600941575265376483
Send 41,257.89 TRIBE from Governance Timelock to TWG Multisig
Contract: 0xc7283b66Eb1EB5FB86327f08e1B5816b0720212B
function: transfer()
from: 0x42cd8312d2bce04277dd5161832460e95b24262e
to: 0xB74659A1011F6DCA3BA6F6e22a71bA8f414F36A1
amount: 41257897178145893659381
Send GAL from Governance Timelock to TWG Multisig
Contract: 0x5fAa989Af96Af85384b8a938c2EdE4A7378D9875
Function: transfer()
From: 0x42cd8312d2bce04277dd5161832460e95b24262e
To: 0xB74659A1011F6DCA3BA6F6e22a71bA8f414F36A1
Amount: 1500000000000000000000
Off-chain transactions to be performed in PTIP-77 from TWG:
Approve UNI
Approve SUSHI
Approve BADGER
Approve COMP
Approve TRIBE
Sell UNI for ETH
Sell SUSHI for ETH
Sell BADGER for ETH
Sell COMP for ETH
Sell TRIBE for ETH
Sell GAL for ETH
Send ETH to Governance Timelock
unknown sendersent to0xb3a87172…87f0·#15,035,918·0xe11c82df…812f57
transfer(address,uint256)# PTIP-77 Extend ETH/POOL LP on Uniswap V2 for 60 days at a rate of 150 POOL per day
# PTIP-77 Extend ETH/POOL LP on Uniswap V2 for 60 days at a rate of 150 POOL per day
## Simple Summary
Extend ETH/POOL LP on Uniswap V2 for 60 days at a rate of 150 POOL per day
## Motivation
The POOL rewards for the POOL/ETH LP on Uniswap V2 will end in <2 days. Currently, the POOL/ETH LP on Uniswap V2 is emitting 150 POOL per day.
## Rationale
Without liquidity, the POOL token will become more volatile. Pending a new liquidity solution, we should continue our rewards to Uniswap V2 POOL/ETH. The liquidity providers provide a vital service to the protocol and have proven themselves long-term aligned.
## Technical Specification
transfer on the POOL token
dst: `0x9A29401EF1856b669f55Ae5b24505b3B6fAEb370`
rawAmount: `9000000000000000000000`
## Status
RFC: https://gov.pooltogether.com/t/rfc-renewing-pool-eth-lp-uni-v2-rewards-and-discontinuing-ppool-rewards/2379
0x9f36a6bb…02b9sent to0xb3a87172…87f0·#15,035,918·0xe11c82df…812f57
# PTIP-77 Extend ETH/POOL LP on Uniswap V2 for 60 days at a rate of 150 POOL per day
# PTIP-77 Extend ETH/POOL LP on Uniswap V2 for 60 days at a rate of 150 POOL per day
## Simple Summary
Extend ETH/POOL LP on Uniswap V2 for 60 days at a rate of 150 POOL per day
## Motivation
The POOL rewards for the POOL/ETH LP on Uniswap V2 will end in <2 days. Currently, the POOL/ETH LP on Uniswap V2 is emitting 150 POOL per day.
## Rationale
Without liquidity, the POOL token will become more volatile. Pending a new liquidity solution, we should continue our rewards to Uniswap V2 POOL/ETH. The liquidity providers provide a vital service to the protocol and have proven themselves long-term aligned.
## Technical Specification
transfer on the POOL token
dst: `0x9A29401EF1856b669f55Ae5b24505b3B6fAEb370`
rawAmount: `9000000000000000000000`
## Status
RFC: https://gov.pooltogether.com/t/rfc-renewing-pool-eth-lp-uni-v2-rewards-and-discontinuing-ppool-rewards/2379
unknown sendersent to0xb3a87172…87f0·#14,975,103·0xc6d2e667…83383e
transfer(address,uint256)transfer(address,uint256)# PTIP-75: Grants Committee Funding (Season 3)
Renew PoolGrants for another Season.
Governance post can be found here: https://gov.pooltogether.com/t/ptip-75-grants-committee-funding-season-3/2353/
Note: Because the POOL price has sharply fallen over the past days, the POOL ask has been updated from 259k POOL (@$0.87) to 353k POOL (@$0.64), still totalling $226k.
Technical specification:
Transfer 353’000 POOL ($226k @$0.64) from treasury to PoolGrants Ethereum multisig.
Transfer 51’000 PTaUSDC from treasury to PoolGrants Ethereum multisig.
Multisig’s address: 0xd605bB8A3DA1f7f777276D3c97c828aAc3Dd4252
Simple Summary
The PoolGrants program was created through PTIP-14: PoolTogether Grants Committee 1.
This PTIP aims to renew the program for an additional season (6 months).
Season 2 review
The grants committee recently completed Season 2 of PoolGrants, in which we continued to support awesome community activities!
In Season 2, we received a total of 66 applications and funded 24 of them. We strongly encourage you to check out the grants we’ve funded, which you can find in our monthly Medium articles 3.
Last season, we experimented a lot with grants for delegations as an alternative to direct payments. This has been very successful! Examples include the NFT Christmas cards, the Valentine’s delegation NFT giveaway and the prizes for PoolStreaks.
We’re also supporting new initiatives by the community, such as the PoolTogether community podcast and substack 1. Another highlight was jumpstarting the Pooltogether Bounties, which are currently running hot preparing Pooltogether’s launch on Optimism.
In S2Q1, we funded grants to the amount of $88.5k and spent $15.6k on committee wages and expenses.
In S2Q2, we funded grants to the amount of $89.6k and spent $12k on committee wages and expenses.
We started out the last quarter with 102k POOL @$2.44 ($250k), which continually fell in Dollar value, leading to a tighter budget than anticipated.
Specification
The committee multisigs currently hold about $24k worth of POOL (@$0.87) and 199k USDC, across Ethereum and Polygon. We have $57k committed to open grant milestones that have not been paid out. For the first quarter of season 3, we are applying for $226k in POOL and 51k USDC in additional funding, to bring us back to a total of $500k as outlined in PTIP-14. Any amount left over at the end of the first quarter will again be rolled over to the next quarter’s funding.
Approving this PTIP is meant to signal intent to fund both quarter 1 and 2 of season 3. The budget for quarter 2 will be requested at the end of quarter 1 through a separate PTIP, in order to limit the funds available in the multisigs at any given time.
Transparency
As we are funded by Pooltogether governance, it is important to us that we are transparent about what we are doing. You can find our transparency resources ranging from funded projects and updates to member timesheets below. If there is anything you would like to see improved in this area, please let us know.
Medium Articles & Updates - PoolGrants 3
Funded Projects - Funded projects 3
Committee Time Tracking - Committee time tracking 1
Committee Members
The PoolGrants committee members for Season 3 will be:
Lead: @Torgin (continuing)
Deputy Lead: @gabor (continuing)
Reviewers:
@McOso (continuing)
@Taliskye (continuing)
@TangFeng (continuing)
@tanman (new)
@Lonser (new)
The process for choosing committee members was the same as previously.
There were open applications for all positions, then the lead positions were elected by the community. Following this, the leads interviewed reviewer applicants and decided who shall join the team as a reviewer.
Budget:
The budget will remain the same as outlined in PTIP-14 1.
The budget for each quarter is capped at $500k with a maximum of $100k accounting for the operating budget.
The compensation will continue to be $100/hr for all roles.
Hours will be capped at 30 hrs/week split among the two leads and 6hrs/week per reviewer.
In the past, these caps have rarely been hit.
0xc8f88b4a…f744sent to0xb3a87172…87f0·#14,975,103·0xc6d2e667…83383e
# PTIP-75: Grants Committee Funding (Season 3)
Renew PoolGrants for another Season.
Governance post can be found here: https://gov.pooltogether.com/t/ptip-75-grants-committee-funding-season-3/2353/
Note: Because the POOL price has sharply fallen over the past days, the POOL ask has been updated from 259k POOL (@$0.87) to 353k POOL (@$0.64), still totalling $226k.
Technical specification:
Transfer 353’000 POOL ($226k @$0.64) from treasury to PoolGrants Ethereum multisig.
Transfer 51’000 PTaUSDC from treasury to PoolGrants Ethereum multisig.
Multisig’s address: 0xd605bB8A3DA1f7f777276D3c97c828aAc3Dd4252
Simple Summary
The PoolGrants program was created through PTIP-14: PoolTogether Grants Committee 1.
This PTIP aims to renew the program for an additional season (6 months).
Season 2 review
The grants committee recently completed Season 2 of PoolGrants, in which we continued to support awesome community activities!
In Season 2, we received a total of 66 applications and funded 24 of them. We strongly encourage you to check out the grants we’ve funded, which you can find in our monthly Medium articles 3.
Last season, we experimented a lot with grants for delegations as an alternative to direct payments. This has been very successful! Examples include the NFT Christmas cards, the Valentine’s delegation NFT giveaway and the prizes for PoolStreaks.
We’re also supporting new initiatives by the community, such as the PoolTogether community podcast and substack 1. Another highlight was jumpstarting the Pooltogether Bounties, which are currently running hot preparing Pooltogether’s launch on Optimism.
In S2Q1, we funded grants to the amount of $88.5k and spent $15.6k on committee wages and expenses.
In S2Q2, we funded grants to the amount of $89.6k and spent $12k on committee wages and expenses.
We started out the last quarter with 102k POOL @$2.44 ($250k), which continually fell in Dollar value, leading to a tighter budget than anticipated.
Specification
The committee multisigs currently hold about $24k worth of POOL (@$0.87) and 199k USDC, across Ethereum and Polygon. We have $57k committed to open grant milestones that have not been paid out. For the first quarter of season 3, we are applying for $226k in POOL and 51k USDC in additional funding, to bring us back to a total of $500k as outlined in PTIP-14. Any amount left over at the end of the first quarter will again be rolled over to the next quarter’s funding.
Approving this PTIP is meant to signal intent to fund both quarter 1 and 2 of season 3. The budget for quarter 2 will be requested at the end of quarter 1 through a separate PTIP, in order to limit the funds available in the multisigs at any given time.
Transparency
As we are funded by Pooltogether governance, it is important to us that we are transparent about what we are doing. You can find our transparency resources ranging from funded projects and updates to member timesheets below. If there is anything you would like to see improved in this area, please let us know.
Medium Articles & Updates - PoolGrants 3
Funded Projects - Funded projects 3
Committee Time Tracking - Committee time tracking 1
Committee Members
The PoolGrants committee members for Season 3 will be:
Lead: @Torgin (continuing)
Deputy Lead: @gabor (continuing)
Reviewers:
@McOso (continuing)
@Taliskye (continuing)
@TangFeng (continuing)
@tanman (new)
@Lonser (new)
The process for choosing committee members was the same as previously.
There were open applications for all positions, then the lead positions were elected by the community. Following this, the leads interviewed reviewer applicants and decided who shall join the team as a reviewer.
Budget:
The budget will remain the same as outlined in PTIP-14 1.
The budget for each quarter is capped at $500k with a maximum of $100k accounting for the operating budget.
The compensation will continue to be $100/hr for all roles.
Hours will be capped at 30 hrs/week split among the two leads and 6hrs/week per reviewer.
In the past, these caps have rarely been hit.
unknown sendersent to0xb3a87172…87f0·#14,965,427·0x4ab970f2…bb78bf
transfer(address,uint256)transfer(address,uint256)# PTIP-74: Treasury Working Group Third Quarter Renewal
Simple Summary
The Treasury Working Group (TWG) was formed after PTIP-46 1 was passed. Last quarter, the TWG was funded with 12,820 POOL for our third operational quarter, plus 3,000 USDC for execution and reimbursement costs. Now that the TWG’s second operational quarter is complete, members are seeking renewal for a third quarter and a budget request of 52,314 POOL/quarter, as well as 2,000 USDC (to be converted to ETH) for PTIP and execution gas costs.
If this PTIP is approved, the TWG’s third quarter would begin on Wednesday (15 June 2022).
Abstract
The TWG reviewed our third operational quarter performance and outlined our third quarter deliverables in the forum post below and within the TWG Notion page.
Per our original proposal, the TWG’s core purpose is to:
Ensure safety and prudence go into every decision
Drive future protocol growth
Identify sustainable solutions
Present objective data to the community
In keeping with our core purpose, the TWG will focus on our core duties plus the following high level deliverables, which we’ve identified as top priority for our third quarter:
Motivation
The TWG provides objective analysis and data for any governance proposal or forum post that discusses a potential use of treasury funds. During our second quarter, the TWG provided analysis on POL initiatives, received approval to experiment with Uni v3 on Polygon, advised on prize tiering to reduce subsidy but stay competitive, advocated for deployment on Ethereum rollup solutions (i.e., Optimism), and more. For a full review of our activity, Poolers can review the Treasury Working Group page on Notion.
Members of the TWG have played a vital role in governance discussions regarding prize tiering and simulation.
For our proposed third quarter, the TWG will focus on pressing issues for the DAO: namely, reviewing the new prize pool network on testnet, potential avenues for growth, infrastructure that can be used to create new products (via bounty), DAO expenditures, and POL analysis, recommendations. The main theme of our third quarter will be on sustainable practices, which concern DAO expenditures and growth initiatives (re: growing inflows to offset outflows).
The TWG will also expand the core duties of the working group, like those stated above. Over our first two quarters, members have provided sound analysis and recommendations on the proposed core duties–the community has been receptive to the past RFCs and PTIPs put forth by the TWG, as reflected in governance outcomes.
We’ll also work with other working groups within PoolTogether, such as the Marketing Working Group (MWG) to determine how the protocol can balance expense management with the Optimism launch campaign and the mutli-delegator contract to achieve growth in deposits.
In our third quarter, the TWG will deliver on our core purpose, while providing DAO members with the objective analysis and insight necessary to make informed decisions on treasury-related governance proposals.
Specification
In our second quarter, the TWG requested a budget of 12,820 POOL/quarter, with an allocation of 4,273.33 POOL per month that was distributed via Coordinape. Distributions were executed from the TWG Polgyon multisig: 0x8F8e905Cd8b7b0e435e1030BE250970Bf8c9ab8B
Over the course of our second quarter, 4,273.33 POOL were distributed among active contributors each month.
When our second budget was requested, POOL was ~$3.34/POOL. The TWG chose to be paid in POOL to align incentives with the DAO. The total quarterly budget was $30,000 USD, or $10,000/month. During our second quarter, the average contributor received $712.16 in POOL for their monthly contribution due to the change in POOL prices.
For our third operational quarter, the TWG is seeking $35,000 in POOL, which is equivalent to 52,314 POOL/quarter, or 17,438 POOL/month at the market price of $0.66/POOL. We still believe payment in POOL aligns incentives with the community and drives us to work for the betterment of the protocol. An increased allocation to our budget is intended to reduce the churn of contributors and provide incentives for at least 6 contributors, so we can expand the scope of the TWG’s analysis and core duties.
If this PTIP is approved, our third quarter would begin on Wednesday (15 June 2022).
Review of, Request for Compensation Related to On-Chain Governance Gas Costs
Members spent a total of 0.48808710089 ETH in gas costs for submitting on-chain transaction executions and proposals on behalf of the TWG. This amount includes direct costs from the mainnet multisig and the reimbursement costs for members.
Our initial funding was 3,000 USDC, which was converted to 0.87367 ETH. Currently, the TWG has 0.3856 ETH remaining in the mainnet multisig. As there are additional gas costs associated with submitting on-chain proposals and executing transactions on mainnet, we request a 2,000 budget in USDC that will be used to acquire ETH that is held in the TWG multisig on mainnet; some of this funding will go to reimbursing TWG members over the next quarter for executing transactions and submitting on-chain proposals. Any ETH that is not used for executing on-chain proposals can be returned to the treasury or rolled over at the end of the operational quarter.
Read more in the governance thread: https://gov.pooltogether.com/t/ptip-74-treasury-working-group-third-quarter-renewal/2333
0x93146d99…64ecsent to0xb3a87172…87f0·#14,965,427·0x4ab970f2…bb78bf
# PTIP-74: Treasury Working Group Third Quarter Renewal
Simple Summary
The Treasury Working Group (TWG) was formed after PTIP-46 1 was passed. Last quarter, the TWG was funded with 12,820 POOL for our third operational quarter, plus 3,000 USDC for execution and reimbursement costs. Now that the TWG’s second operational quarter is complete, members are seeking renewal for a third quarter and a budget request of 52,314 POOL/quarter, as well as 2,000 USDC (to be converted to ETH) for PTIP and execution gas costs.
If this PTIP is approved, the TWG’s third quarter would begin on Wednesday (15 June 2022).
Abstract
The TWG reviewed our third operational quarter performance and outlined our third quarter deliverables in the forum post below and within the TWG Notion page.
Per our original proposal, the TWG’s core purpose is to:
Ensure safety and prudence go into every decision
Drive future protocol growth
Identify sustainable solutions
Present objective data to the community
In keeping with our core purpose, the TWG will focus on our core duties plus the following high level deliverables, which we’ve identified as top priority for our third quarter:
Motivation
The TWG provides objective analysis and data for any governance proposal or forum post that discusses a potential use of treasury funds. During our second quarter, the TWG provided analysis on POL initiatives, received approval to experiment with Uni v3 on Polygon, advised on prize tiering to reduce subsidy but stay competitive, advocated for deployment on Ethereum rollup solutions (i.e., Optimism), and more. For a full review of our activity, Poolers can review the Treasury Working Group page on Notion.
Members of the TWG have played a vital role in governance discussions regarding prize tiering and simulation.
For our proposed third quarter, the TWG will focus on pressing issues for the DAO: namely, reviewing the new prize pool network on testnet, potential avenues for growth, infrastructure that can be used to create new products (via bounty), DAO expenditures, and POL analysis, recommendations. The main theme of our third quarter will be on sustainable practices, which concern DAO expenditures and growth initiatives (re: growing inflows to offset outflows).
The TWG will also expand the core duties of the working group, like those stated above. Over our first two quarters, members have provided sound analysis and recommendations on the proposed core duties–the community has been receptive to the past RFCs and PTIPs put forth by the TWG, as reflected in governance outcomes.
We’ll also work with other working groups within PoolTogether, such as the Marketing Working Group (MWG) to determine how the protocol can balance expense management with the Optimism launch campaign and the mutli-delegator contract to achieve growth in deposits.
In our third quarter, the TWG will deliver on our core purpose, while providing DAO members with the objective analysis and insight necessary to make informed decisions on treasury-related governance proposals.
Specification
In our second quarter, the TWG requested a budget of 12,820 POOL/quarter, with an allocation of 4,273.33 POOL per month that was distributed via Coordinape. Distributions were executed from the TWG Polgyon multisig: 0x8F8e905Cd8b7b0e435e1030BE250970Bf8c9ab8B
Over the course of our second quarter, 4,273.33 POOL were distributed among active contributors each month.
When our second budget was requested, POOL was ~$3.34/POOL. The TWG chose to be paid in POOL to align incentives with the DAO. The total quarterly budget was $30,000 USD, or $10,000/month. During our second quarter, the average contributor received $712.16 in POOL for their monthly contribution due to the change in POOL prices.
For our third operational quarter, the TWG is seeking $35,000 in POOL, which is equivalent to 52,314 POOL/quarter, or 17,438 POOL/month at the market price of $0.66/POOL. We still believe payment in POOL aligns incentives with the community and drives us to work for the betterment of the protocol. An increased allocation to our budget is intended to reduce the churn of contributors and provide incentives for at least 6 contributors, so we can expand the scope of the TWG’s analysis and core duties.
If this PTIP is approved, our third quarter would begin on Wednesday (15 June 2022).
Review of, Request for Compensation Related to On-Chain Governance Gas Costs
Members spent a total of 0.48808710089 ETH in gas costs for submitting on-chain transaction executions and proposals on behalf of the TWG. This amount includes direct costs from the mainnet multisig and the reimbursement costs for members.
Our initial funding was 3,000 USDC, which was converted to 0.87367 ETH. Currently, the TWG has 0.3856 ETH remaining in the mainnet multisig. As there are additional gas costs associated with submitting on-chain proposals and executing transactions on mainnet, we request a 2,000 budget in USDC that will be used to acquire ETH that is held in the TWG multisig on mainnet; some of this funding will go to reimbursing TWG members over the next quarter for executing transactions and submitting on-chain proposals. Any ETH that is not used for executing on-chain proposals can be returned to the treasury or rolled over at the end of the operational quarter.
Read more in the governance thread: https://gov.pooltogether.com/t/ptip-74-treasury-working-group-third-quarter-renewal/2333
unknown sendersent to0xb3a87172…87f0·#14,870,605·0xedd446dd…76a0c1
transfer(address,uint256)# PTIP-73 300k PTaUSDC for Project Optimism and Greater Prize Reserves
Simple Summary
This proposal will move 300k PTaUSDC from treasury deposited V4 “sponsorship” to the prize reserves managed by the executive-team. The PooTogether prize party continues as we expand to Optimism!
Abstract
This proposal on execution will transfer 300k in PTaUSDC to the executive-team safe on Ethereum mainnet. The executive-team then will balance the prize liquidity reserves across chains.
Motivation
This request comes in anticipation for the Optimism deployment.
Overview
It is estimated this liquidity provision will sustain prize distribution for three to six months depending on deposits, yield, and prize tierings set by governance.
Rationale
PoolTogether wants to grow and is excited to be part of the Optimism community. Adding chains requires greater prize reserves to minimize bridging efforts and stay efficient. Moving USDC to prize reserves independently has no negative impact to the treasury. The funds are deposited to the yield source to grow prizes, be it “sponsorship” from the treasury or in the prize distributor.
Technical Specification
Transfer 300000000000 PTaUSDC (0xdd4d117723C257CEe402285D3aCF218E9A8236E1) from Treasury Timelock to Executive-Team Gnosis safe on Ethereum (0xDa63D70332139E6A8eCA7513f4b6E2E0Dc93b693)
Status
Previous Thread: Authorize Optimism Prize Pool https://gov.pooltogether.com/t/ptip-73-authorize-optimism-prize-pool/2261
0x93146d99…64ecsent to0xb3a87172…87f0·#14,870,605·0xedd446dd…76a0c1
# PTIP-73 300k PTaUSDC for Project Optimism and Greater Prize Reserves
Simple Summary
This proposal will move 300k PTaUSDC from treasury deposited V4 “sponsorship” to the prize reserves managed by the executive-team. The PooTogether prize party continues as we expand to Optimism!
Abstract
This proposal on execution will transfer 300k in PTaUSDC to the executive-team safe on Ethereum mainnet. The executive-team then will balance the prize liquidity reserves across chains.
Motivation
This request comes in anticipation for the Optimism deployment.
Overview
It is estimated this liquidity provision will sustain prize distribution for three to six months depending on deposits, yield, and prize tierings set by governance.
Rationale
PoolTogether wants to grow and is excited to be part of the Optimism community. Adding chains requires greater prize reserves to minimize bridging efforts and stay efficient. Moving USDC to prize reserves independently has no negative impact to the treasury. The funds are deposited to the yield source to grow prizes, be it “sponsorship” from the treasury or in the prize distributor.
Technical Specification
Transfer 300000000000 PTaUSDC (0xdd4d117723C257CEe402285D3aCF218E9A8236E1) from Treasury Timelock to Executive-Team Gnosis safe on Ethereum (0xDa63D70332139E6A8eCA7513f4b6E2E0Dc93b693)
Status
Previous Thread: Authorize Optimism Prize Pool https://gov.pooltogether.com/t/ptip-73-authorize-optimism-prize-pool/2261
unknown sendersent to0xb3a87172…87f0·#14,628,919·0x1143fc3a…cb40f1
transfer(address,uint256)# PTIP-70 Uniswap V2 POOL rewards renewal
# Simple Summary
Continue POOL distribution to UNI V2 liquidity providers for 60 days
# Motivation
Supporting POOL/ETH liquidity on mainnet where the majority of trading volume occurs
Further distributing the POOL token to protocol participants
# Overview
The current POOL incentives end in less than 3 days. This proposal continues the LP rewards at 150 POOL per day. This distribution would last 60 days at which point it could be renewed by governance or left to expire.
# Rationale
Without liquidity the POOL token will become more volatile. Pending a new liquidity solution we should continue our rewards to Uniswap V2 POOL/ETH. The liquidity providers provide an important service to the protocol and have proven themselves long-term aligned.
0x34e061f4…1d57sent to0xb3a87172…87f0·#14,628,919·0x1143fc3a…cb40f1
# PTIP-70 Uniswap V2 POOL rewards renewal
# Simple Summary
Continue POOL distribution to UNI V2 liquidity providers for 60 days
# Motivation
Supporting POOL/ETH liquidity on mainnet where the majority of trading volume occurs
Further distributing the POOL token to protocol participants
# Overview
The current POOL incentives end in less than 3 days. This proposal continues the LP rewards at 150 POOL per day. This distribution would last 60 days at which point it could be renewed by governance or left to expire.
# Rationale
Without liquidity the POOL token will become more volatile. Pending a new liquidity solution we should continue our rewards to Uniswap V2 POOL/ETH. The liquidity providers provide an important service to the protocol and have proven themselves long-term aligned.
unknown sendersent to0xb3a87172…87f0·#14,628,837·0x863c2ebb…e92f47
transfer(address,uint256)setCreditPlanOf(address,uint128,uint128)# PTIP-71 Extend POOL Pool Emissions
## PTIP-71 Extend POOL Pool Emissions
### Simple Summary
Continue POOL distribution to pPOOL stakers for 60 days and remove the early exit fee.
### Motivation
- Rewarding long-term aligned holders staked in the pPOOL
- Further distributing the POOL token to protocol participants
- Giving additional runway to work out our tokenomics
### Overview
The POOL rewards for the V3 Ethereum POOL pool will run out in a day. Currently, the pool is emitting 200 POOL per day in the form of a POOL drip. Previously the pool has additionally been awarding a weekly prize of 200 POOL.
### Rationale
The POOL pool is one of the few incentives POOL token holders currently have. Users in the POOL pool might not just care to vote in governance, but they might also care for incentives.
Often the pPOOL represents half of the voting power brandished on any given vote. Per capita, the pPOOL sees 5:1 voters compared to on-chain. Continuing to reward these protocol participants and holders is crucial until we implement a new method of governance and vesting.
We should continue incentivizing POOL token holders to hold and vote by staking in the POOL pool. This proposal continues the POOL drip towards the POOL pool for 60 days at the current rate of 200 POOL per day (12,000 POOL total). As the weekly prize will not be continued, the proposal also removes the pool’s early exit fee.
### Technical Specification
Transfer on the POOL token `0x0cEC1A9154Ff802e7934Fc916Ed7Ca50bDE6844e` amount `12000000000000000000000` POOL to `0x30430419b86e9512E6D93Fc2b0791d98DBeb637b` pPOOL faucet
SetCreditPlanOf on the POOL pool `0x396b4489da692788e327E2e4b2B0459A5Ef26791` Token: `0x27D22A7648e955E510a40bDb058333E9190d12D4`
_creditRateMantissa (uint128): 0
_creditLimitMantissa (uint128): 0
### Status
Previous Discussion: [RFC: Renewing pPOOL and POOL/ETH LP Uni V2 Rewards](https://gov.pooltogether.com/t/rfc-renewing-ppool-and-pool-eth-lp-uni-v2-rewards/2158)
0x9f36a6bb…02b9sent to0xb3a87172…87f0·#14,628,837·0x863c2ebb…e92f47
# PTIP-71 Extend POOL Pool Emissions
## PTIP-71 Extend POOL Pool Emissions
### Simple Summary
Continue POOL distribution to pPOOL stakers for 60 days and remove the early exit fee.
### Motivation
- Rewarding long-term aligned holders staked in the pPOOL
- Further distributing the POOL token to protocol participants
- Giving additional runway to work out our tokenomics
### Overview
The POOL rewards for the V3 Ethereum POOL pool will run out in a day. Currently, the pool is emitting 200 POOL per day in the form of a POOL drip. Previously the pool has additionally been awarding a weekly prize of 200 POOL.
### Rationale
The POOL pool is one of the few incentives POOL token holders currently have. Users in the POOL pool might not just care to vote in governance, but they might also care for incentives.
Often the pPOOL represents half of the voting power brandished on any given vote. Per capita, the pPOOL sees 5:1 voters compared to on-chain. Continuing to reward these protocol participants and holders is crucial until we implement a new method of governance and vesting.
We should continue incentivizing POOL token holders to hold and vote by staking in the POOL pool. This proposal continues the POOL drip towards the POOL pool for 60 days at the current rate of 200 POOL per day (12,000 POOL total). As the weekly prize will not be continued, the proposal also removes the pool’s early exit fee.
### Technical Specification
Transfer on the POOL token `0x0cEC1A9154Ff802e7934Fc916Ed7Ca50bDE6844e` amount `12000000000000000000000` POOL to `0x30430419b86e9512E6D93Fc2b0791d98DBeb637b` pPOOL faucet
SetCreditPlanOf on the POOL pool `0x396b4489da692788e327E2e4b2B0459A5Ef26791` Token: `0x27D22A7648e955E510a40bDb058333E9190d12D4`
_creditRateMantissa (uint128): 0
_creditLimitMantissa (uint128): 0
### Status
Previous Discussion: [RFC: Renewing pPOOL and POOL/ETH LP Uni V2 Rewards](https://gov.pooltogether.com/t/rfc-renewing-ppool-and-pool-eth-lp-uni-v2-rewards/2158)
unknown sendersent to0xb3a87172…87f0·#14,591,867·0xd91c0eac…75606a
withdrawFrom(address,uint256)transfer(address,uint256)# PTIP-68: Ondo LaaS OTC settlement
# PTIP-68
## Simple Summary
Send 350,559.66 USDC to Ondo to settle LaaS program debt OTC. After settlement, the Ondo team will send back 307,693.06 POOL to the PoolTogether treasury (93,639 more than originally provided).
## Abstract
The TWG proposes that the protocol send 350,559.66 USDC to Ondo to settle LaaS program debt OTC to avoid needing to rebalance on the market with low liquidity.
## Specification
In order to receive the 307,693.06 POOL held within Ondo’s smart contracts now that the program has concluded, PoolTogether needs to settle the 350,559.66 USDC debt.
### Rationale
When PoolTogether deployed POOL into the LaaS program, 214,000 POOL was allocated to the variable-rate position. Fei Protocol provided 1,134,200 FEI in the fixed-rate position, with a hurdle of 5.13% APY to be satisfied at maturity.
The settlement terms highlight the difference in FEI + POOL at the conclusion of the program, where PoolTogether has an additional 93,693.06 POOL tokens, which are valued at $278,268.38 given today’s prices ($2.97 at time of writing). The DAO also received 67,828.55 TRIBE valued at $34,850.85 given today’s prices ($0.513808 at time of writing). Taking these amounts into account, the net cost to the protocol is roughly $37,440.43 when POOL and TRIBE is taken into consideration along with the senior position hurdle.
Settling directly with Ondo will prevent further sell pressure on the POOL token, which would happen if POOL were exchanged for FEI directly on-chain.
I spoke with Gabriel Bianconi from Ondo and reached an agreement on these terms. Upon execution of this PTIP, Ondo will send the 307,693.06 POOL back to the protocol treasury.
0xc734011d…d46fsent to0xb3a87172…87f0·#14,591,867·0xd91c0eac…75606a
# PTIP-68: Ondo LaaS OTC settlement
# PTIP-68
## Simple Summary
Send 350,559.66 USDC to Ondo to settle LaaS program debt OTC. After settlement, the Ondo team will send back 307,693.06 POOL to the PoolTogether treasury (93,639 more than originally provided).
## Abstract
The TWG proposes that the protocol send 350,559.66 USDC to Ondo to settle LaaS program debt OTC to avoid needing to rebalance on the market with low liquidity.
## Specification
In order to receive the 307,693.06 POOL held within Ondo’s smart contracts now that the program has concluded, PoolTogether needs to settle the 350,559.66 USDC debt.
### Rationale
When PoolTogether deployed POOL into the LaaS program, 214,000 POOL was allocated to the variable-rate position. Fei Protocol provided 1,134,200 FEI in the fixed-rate position, with a hurdle of 5.13% APY to be satisfied at maturity.
The settlement terms highlight the difference in FEI + POOL at the conclusion of the program, where PoolTogether has an additional 93,693.06 POOL tokens, which are valued at $278,268.38 given today’s prices ($2.97 at time of writing). The DAO also received 67,828.55 TRIBE valued at $34,850.85 given today’s prices ($0.513808 at time of writing). Taking these amounts into account, the net cost to the protocol is roughly $37,440.43 when POOL and TRIBE is taken into consideration along with the senior position hurdle.
Settling directly with Ondo will prevent further sell pressure on the POOL token, which would happen if POOL were exchanged for FEI directly on-chain.
I spoke with Gabriel Bianconi from Ondo and reached an agreement on these terms. Upon execution of this PTIP, Ondo will send the 307,693.06 POOL back to the protocol treasury.
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