0xa3844531…df3fsent to0xb3a87172…87f0·#16,229,111·view on Etherscan
# 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 |