PoolTogether Community Newsletter #8
New Prize Tiers, How Decisions Are Made, Christmas Card 2021, Mandarin Translations Live, Fiat Onramps, Marketing Working Group & more
Hey Poolers 🌊🏆
snow is falling in Hamburg, it's sunny in Miami & Hong Kong and rainy in Buenos Aires. As a distributed community we exist in all seasons and time zones at the same time. And not only that. PoolTogether is still a gateway to DeFi for many, so our community also spans throughout many different social layers and levels of expertise. This is something to remember going into every conversation or decision.
Even though we have all those different perspectives we still manage to somehow share the exact same values and visions. Fully naturally and autonomous. This is something very special and one of the things I personally highly appreciate about this community.
3 Action Steps for you, before we dive into this week's news:
Help someone on Discord.
Share your thoughts on a discussion in the Governance Forum.
Stay vibin'!
New Prize Tiers 🏆
Are ya winning? The statistics say you should! Governance voted to increase prizes from 817 to 4,096 daily prizes - that's a 401% increase! Visit PoolTogether to see the new breakdown of prize tiers.
How Decisions Are Made 🏛
Let’s take this opportunity to have a closer look at how decisions are made in the PoolTogether DAO.
It was clear from the beginning that the protocol will have to do some experiments to figure out the best parameters for prize distribution. That's why the number and amount of prizes have been a topic on Discord since the launch of V4 . But Discord is moving fast and sometimes it's all over the place.
To bring a simple idea to the next level it needs better visibility and a more structured conversation. At PoolTogether we use Discourse as a platform for that. Check out Leighton’s thread on Adjusting Prizes to see the different ideas and perspectives being discussed. The clear signal coming from this was: *yes* - the community wants to adjust the prizes.
So - how do you make an idea reality?
PoolTogether has a clear governance process for that:
Forum Post in form of a PTIP
PoolTogether Snapshot Vote
On-Chain Proposal
What's a PTIP?
A PTIP is a proposal to signal or effect change the protocol. The objective for a PTIP is to engage the community and discuss a specific topic to put it into action. It must be a complete proposal that is clear, concise, and unambiguous. Organizing the proposals in this way makes it easy to track and discuss changes to PoolTogether.
A PTIP has to be open for discussion at least five days, before a governance delegate determines if consensus has been reached. The forum poll must have reached a positive quorum of 20 votes.
See: PTIP-47: Prize Adjustments on Discourse
What's a Snapshot Vote?
Snapshot is a voting system that allows token holders to vote without gas cost. The PoolTogether Snapshot for example allows all $POOL and $pPOOL holders gasless voting. It is mainly used for signaling, so Snapshot votes do not change the protocol.
To pass, the vote has to have at least 100k votes in favor. At this point the proposer can make an on-chain proposal as it’s clear the proposal would pass.
See: PTIP-47: Prize Adjustments on Snapshot
What's an Onchain Proposal?
The Onchain Proposal is the part of the process that confirms the proposed change in the protocol.
There are two steps in creating an Onchain Proposal for PoolTogether.
Create a new PoolTogether Governance proposal that matches the specification outlined in the PTIP
Create a corresponding POOL Pool Snapshot vote for the proposal.
The POOL Pool Snapshot allows pool ticket holders to participate in proposal voting. This pool’s voting power has been delegated to a Gnosis Safe multisig whose owners are community members. When there is an on-chain proposal there must be a corresponding vote in the POOL Pool Snapshot. The multisig must vote according to the result of the POOL Pool Snapshot.
Find out more about PTIP & the governance process in this Governance Forum post or in this Medium Article.
Christmas Card 2021
Still no idea what to get for your loved ones this Christmas? You can stop thinking now! PoolGrants is happy to announce the PoolTogether Christmas Card 2021 NFTs, designed by no one else than the incredible Oops.
There are two ways to celebrate ChristmasTogether:
1️⃣ PoolTogether Christmas Card 2021 (Redeemable)
150 NFTs with redeemable physical Christmas Cards including pre-funded v4 tickets. It comes with 50 $USDC, 1 $MATIC & free shipping by no other than Gabor Claus himself.
The sale started at 0.015 ETH with a quantity of 50 NFTs. The remaining cards are releasing in batches with gradually increasing price. Better be quick if you don't want to look into sad faces on Christmas!
2️⃣ PoolTogether Christmas Card 2021 (DIY Kit)
1,000 NFT in form of a DIY kit, including the files to print your card at home and fund it yourself. The DIY version is on offer for only 0.0005 ETH. Feel free to customise the card as you like. Your chance to bring your normie friends to DeFi! All profits will be donated to charity.
One more reason why this is exciting:
Maven 11 Capital will be delegating $100,000 in winning chances to a random holder of the redeemable NFT every week until end of January. This will turn a card holder into a whale for an entire week, every week! The chance in winning will be the same as having a $100,000 deposit, meaning you 🌊🏆 would 🌊🏆 win 🌊🏆 every 🌊🏆 day!
For all info on the NFT, the Christmas Cards and the Giveaways check the Tweet of PoolGrants.
Why PoolTogether Has The Best Community 💌
Here's something heartwarming for the cold season (for some of us...):
Mandarin Translations live! 🗺
You can now use PoolTogether on Mandarin! To change the language click the ⚙️-icon in the top corner of the dApp. The translation was done by our recent Community Allstar neken. 👏
💡 If you prefer your news in Mandarin as well, make sure to subscribe to the Mandarin Substack.
Fiat Onramp: Quickswap x Moonpay 💱
Do you like low gas fees and dislike Centralized Exchanges? Then you will like this: Quickswap has an awesome MoonPay integration, making it one of the easiest ways to join PoolTogether V4 on Polgyon.
Download a Polygon wallet.
Use your debit card or SEPA bank account to get USDC and Matic on Quickswap & have it directly sent to your wallet.
Deposit!
jo-chemla Building PoolTogether Integration 💻
The Onramp Integration on Quickswap makes things easy, doesn't it? Imagine having this on PoolTogether... No problem!
Community member jo-chemla is already on it. The only question is which OnRamping service you prefer: Moonpay, Transak, Ramp or Gem? Check out jo's thread on the governance forum for more info.
Marketing Working Group About To Form
If you ever attended to a Community Call & Swim Meet you know this is where we get shit done. Reflecting on the last couple of month I think it is fair to say every single call has been highly productive and bringing up new ideas or kicking off other projects.
After this week's call Tasliskye took the initiative to start the conversation about creating a Marketing Working Group. If you have any experience in marketing and think you could be able to help then I encourage you to join the conversation on Discord!
Onboard Friends With Dharma And Grow Our Treasury 🧑🤝🧑
Do you have friends that want to get into crypto? Do you want to help the PoolTogether Protocol grow at the same time? Dharma offers $50 in ETH on Polygon for all new users who sign up via PoolTogether's affiliate link:
🔗 https://www.dharma.io/affiliate/join/PoolTogether
Purchases must be made from a bank account and USDC purchases are not eligible.
Listen 🎧
🏘️ PoolTogether Other Internet DAO Report
📻 All PoolTogether podcasts in one playlist
Read 📚
💡 PoolTogether – La loterie toujours Gagnante en cryptomonnaie
👍 Loot Box: Cryptex Finance Sponsors PoolTogether’s GUSD Pool
👍 The New Wave of DeFi: PoolTogether Goes Multi-chain
🪃 How to Make Money with PoolTogether in Australia
🟡🟢 Most Active DeFi Projects on Celo
🔥🧯Still hot: 🏝️ PoolTogether Research Report: Vibes, Labor, Constituencies
Watch 📺
PASSO A PASSO
Tutorial COMPLETO de como PARTICIPAR da POOLTOGETHER V4!
Saiba TUDO sobre a NOVA versão da POOLTOGETHER
Mile High Defi
Stablecoin Lottery Game with NO RISK and Huge Prizes (Pool Together)
DeFi France
Marathon PoolTogether (🎲,🎲) : La loterie sans perte - cheval de Troie de la DeFi?
Economics Design
EP 18 | Participate In Pool Together | How To DeFi With Kiefer Zang
加密貨幣 被動收入
加密幣保本大抽獎Pooltogether | Polygon USDC Deposit | Celo Deposit
Theodore Hyman
币圈项目|币圈无损彩票项目,MATIC主链无损彩票项目,闲钱参与,都是靠运气
In case you missed it... 🎗️
🧮 Probability Calculator (credit: 0xJulian)
🛒 PoolTogether Merch Store (credit: blakeburrito.eth)
📈 Dune Analytics Dashboard (credit: Sarfang)
🗒️ Sharingnotes V4 Dashboard (credit: Sharingnotes)
🔎 V4 Dashboard (credit: underthesea)
💦 Where's the Drip? (credit: underthesea)
Ω OlympusPro Bonds are Live ← over 115k deposited into bonds
🏆 $POOL Pool on Polygon
Prize Talk & Winners 🏆 👇
Who pools together, wins together. So we should never forget to also celebrate together! Help to keep the flywheel going and share your wins on Twitter.
That's it from me for the week. Really looking forward to the next one. I hope you're all having an awesome weekend.
Stay wavy & see you all around the pool 👋🌊🏆