LDIP- 3 $LEAG Token and Fantasy League Marketplace

SUMMARY

This outlines a proposed use case for the $LEAG token within the LeagueDAO Fantasy Football protocol. This feature would be included in V2 of the Fantasy League Protocol, which will launch with the 2022 Fantasy Football Season.

DESCRIPTION

The proposed use case is as follows:

The Fantasy League will have an NFT marketplace component where users participating in the League can purchase “Free Agent” Player NFTs. Free Agents meaning the players were not purchased by a different team in the user’s division during the Player Draft (see the forum post outlining of the V2 protocol).

Our proposal is that we make the $LEAG token the main currency for the free agent marketplace by limiting users to using LEAG tokens to purchase free agents during the fantasy season.

MOTIVATION

Our aim is to make the $LEAG token an Anchor Value in our Protocols. This means building circular utility for the token that enhances the game model and creates unique incentives or competitive advantages for holders.

TECHNICAL DETAILS

The $LEAG collected by the DAO from those sales are added to the weekly league rewards paid out to users across the league.

So in effect we are re-distributing the $LEAG used to purchase Free Agents to other users across the League to use to buy free agents for their own teams.

ARGUMENTATION

FOR

This is simple application of the $LEAG token that ties it to a core component of the Fantasy Sports game, buying and selling free agents during the season.

In competitive fantasy sports leagues there is demand for free agents as other players get hurt or when unknown players emerge as top performers mid-season.

There is a competitive advantage to users who hold large bags of $LEAG tokens, but the Player Draft and Roster Limitations utilized in the league curb the impact of whales who try to control the availability of free agents. A user can still win their division without having to purchase every free agent that is available.

Additionally, by re-distributing the $LEAG collecting from Free Agent sales to the rest of the league as a boost to the stable coin rewards users earn each week, we are creating a flywheel that allows users who don’t already have $LEAG tokens to purchase free agent players without having to buy $LEAG themselves.

AGAINST

The argument against this model is that we risk creating a Pay to Win scenario where users have to buy additional $LEAG just to compete in the league.

There is also the concern that we would be giving an unfair advantage to whales who can afford to buy and spend lots of $LEAG tokens.

The Arguments against this proposal take into account the concern that while we might be creating new utility for the $LEAG token, we would be doing so at the expense of Gameplay and user experience.

SNAPSHOT VOTE

If you believe we should go forward with the proposed utility, vote 'Yes' If you believe we need to edit this proposal and continue discussion on the topic, vote 'No'

Link to the forum discussion: https://forum.leaguedao.com/t/ldip-3-leag-token-and-fantasy-league-marketplace/69