Discussion

• Tribe Forum Discussion: https://tribe.fei.money/t/fip-16-the-fei-prize-pool-on-pooltogether/3411
• PoolTogether Forum Discussion: https://gov.pooltogether.com/t/fei-partnership-prize-pool/1570

Summary

Add ~$100k worth of TRIBE rewards to PoolTogether over 10 weeks to be added to the prize.

Motivation

PoolTogether is a no-loss lottery built on top of yield streams like Fuse, Aave and Compound. Thanks to the new incentivized aFEI pool, FEI is a candidate for a new PoolTogether pool.

To kick off the pool, TRIBE can add rewards to incentivize depositors. The proposal is to add ~$100k TRIBE split over 10 weeks. This TRIBE would be added on top of the prize as opposed to being distributed as a normal APR. This tends to reduce the “farm and dump” behavior and instead incentivize unique depositors to come join for a chance to win a TRIBE prize.

The PoolTogether community has already signaled support to this proposal and even will consider adding POOL rewards after the initial bootstrapping.

Voting Rules

This is a binding, single-choice vote to authorize Optimistic Approval to direct TRIBE towards PoolTogether. The two options are:

1. Yes, incentivize PoolTogether
2. No, do nothing

If the proposal passes, the Optimistic Approval team will add a new TRIBE reward stream to the PoolTogether reward contract that can add TRIBE to the prize. The exact amount of allocation points will be determined based on ~$100k TRIBE value at time of queueing, and will be adjusted as the AP changes in TribalChief during the 10 week window.