Proposal for amending the yield farming mechanics (5/5)

PROPOSAL 5 - PANGOLIN LOTTERY Proposal 5 does not depend on other proposals and can be voted separately.

1% of the pool rewards will be used as lottery reward and randomly awarded to one of the PNG LP’s weekly (ca. 12,250 PNG), who has provided more than 50 PNG worth of liquidity over the last 7 days.

Indeed lottery is a very common promotion tactic for creating demand. Think about ice creams giving Porsches or iPhones. Many people have a tendency for gambling/surprise elements. Even Facebook uses that sentiment and refreshes the feeds randomly each time you update the page.

A weekly lottery around 10k PNG given to PNG LP’s who stay in the pools for longer than 7 days will add to the “creating demand” story of PNG.