TL;DR

• Trading competition on Avalanche
• 10 Trading competitions per year, competitions last 3 weeks at a time
• $5,500 in rewards per competition
• DOMANI NFTs will be required to participate in the competition
• Voters in this proposal will be whitelisted for a Domani NFT drop
• NFTs will be given out for participating in competitions
• Reward multiplier for the top 3 fund managers

Rationale

Being the first asset management protocol on Avalanche, this is an essential time to capture the attention of the Avalanche community. The team is therefore proposing the creation of The DOMANI Colosseum, a trading competition on the Avalanche blockchain, designed to attract the Avax community to our platform, expand the fund offering and reward active users on DOMANI. The team is suggesting to have 10 competitions per year.

With DOMANI’s recent release on Avalanche, the opportunity for users to launch funds at low costs within our dApp is a reality. The cross-chain nature of DOMANI now gives us the opportunity to expand into new horizons and allow the democratization of fund management.

Competition Structure and Requirements

Fund managers competing in the DOMANI Colosseum will be eligible to receive rewards through their participation in the competition. Fund managers must also create a fund with an AUM of at least $100. In order to participate in the DOMANI Colosseum, fund managers must be in possession of a DOMANI NFT (details and design will be released at a later date). The idea is to use the NFTs as a way of marketing the competition and increasing awareness for DOMANI within the AVAX community, these NFTs will be free to mint. All voters in this proposal will be whitelisted for the NFT drop and will receive an NFT automatically. Moreover, participants in the competition will receive participation NFTs, the rarity of which will be dependent on their ranking on the leaderboard.

Rewards will be based on the fund’s performance throughout the first three weeks since the start of the competition. $5,500 worth of $DEXTF rewards (excluding rewards coming from the multiplier) will be available per competition. Details of how rewards will be distributed will be released as per community discussion.

Rewards multiplier

The top 3 best performing fund managers will also be eligible for an exclusive rewards multiplier, which will be distributed as follows:

• 1st Place: 10x rewards multiplier for a month*
• 2nd Place: 5x rewards multiplier for a month*
• 3rd Place: 2x rewards multiplier for a month*

*Reward multiplier is capped at 50k tokens per month

The idea of rewards multiplier is to incentivise users to participate in other areas of the protocol (LP and XTF Investor rewards). If a user finishes in the top 3 their rewards will be multiplied by their corresponding reward multiplier depending on their rank.

Rewards Multiplier Example

A user is eligible to receive 5,000 $DEXTF in a given month through our rewards program (providing liquidity for the DEXTF token on TraderJoe/Uniswap and holding fund tokens). They then go on to finish in first place, meaning they will receive a 10x multiplier for their rewards that month, thus receiving the maximum amount of tokens 50,000. If a user is eligible to receive 50,000 through rewards alone, they will not be eligible to receive a multiplier for that month, as it exceeds the 50k cap.

Opportunity

As previously mentioned, this is an incredible opportunity to attract new Avalanche users into the DOMANI platform and cement ourselves as the first gamified asset management protocol on the blockchain. Currently, Asset Management can be seen as a tedious process, enabling a competitive side within our community will allow DOMANI to make Asset Management that much more accessible for new users and enable DOMANI to expand into further communities.

The Proposal

• Option 1: Accept the proposal to start the trading competition.

• Option 2: Reject the proposal to start the trading competition.

Conclusion

The proposal is open for voting from 3rd February 13.00 UTC to 8th January 23.59 UTC. If approved, competitions will aim to begin by mid February/March 2022.