[PIP-43] OKExChain emissions distribution

author: @leekuanjew

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Abstract

Pickle is preparing to launch on OKExChain (OEC) very shortly.

As a reinforcement to Pickle's multi-chain, multi-layer (MCML) expansion strategy, PIP-36 approved a temporary increase to the PICKLE emissions to 0.30 PICKLEs/block (using the Ethereum mainnet's blocktime) until the end of the year. These incentives have so far been split as 0.20 PICKLEs/block on mainnet, and 0.10 PICKLEs/block on Polygon.

The proposal authorised the Pickle multi-sig in coordination with the core team to distribute PICKLEs across Ethereum and Polygon farms as it saw fit in consultation and transparent communication with the community. Now, as the possibility of OEC farms draws closer, the stewards of the PICKLE emissions distribution look again to the community for guidance on how to split the PICKLE pie.

Proposals

The following options are being given for the community to rank.

Proposal A

For those who believe the main attraction is still mainnet, where 80% of our TVL currently resides, and where 90% of DeFi TVL is still based. The following split is suggested:

• Ethereum mainnet: 0.20 PICKLE/block
• Polygon: 0.05 PICKLE/block
• OKExChain: 0.05 PICKLE/block

Proposal B

For those who believe that most opportunities lay at the frontiers, where most users who haven't tasted the benefits of Pickle and yield maximising are. The following split is suggested:

• Ethereum mainnet: 0.15 PICKLE/block
• Polygon: 0.075 PICKLE/block
• OKExChain: 0.075 PICKLE/block

Proposal C

For those who are excited about the new opportunities but have a bias towards the environments with the most traction. The following split is suggested:

• Ethereum mainnet: 0.175 PICKLE/block
• Polygon: 0.075 PICKLE/block
• OKExChain: 0.05 PICKLE/block

Vote

As this proposal is non-binary, we are using Snapshot's "ranked choice voting" or "instant runoff voting" algorithm to count the votes. This is a form of preferential voting, which helps reduce tactical voting or "wasted votes" by allowing voters to indicate what to do with their votes should their first-choices not win outright.

According to the Snapshot docs, it works as follows:

Each voter may rank any number of choices. Votes are initially counted for each voter's top choice. If a candidate has more than half of the vote based on first-choices, that choice wins. If not, then the choice with the fewest votes is eliminated. The voters who selected the defeated choice as a first choice then have their votes added to the totals of their next choice. This process continues until a choice has more than half of the votes. When the field is reduced to two, it has become an "instant runoff" that allows a comparison of the top two choice head-to-head.

And this is a diagram from Wikipedia:

The voting power is still DILL i.e. 1 DILL equals 1 vote.

If "Do Nothing" wins, there will be no emissions directed to OEC.