(OGP6) - Litter Box 2 Rewards Program

***** The proposal is discussed by the community on both Forum and Discord. Also, the proposal message on the #Governance channel on Discord got reacted with brain emoji (🧠) by more than three different Planck Cat DAO member. That means, according to the Overlay Governance Framework, we've met the criteria to open a Snapshot voting. *****

//////This is a governance proposal to implement a reward program for Litter Box 2, similar to Litter Box 1//////

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As you've already known, there's an ongoing rewards program for Litter Box 1. Here's some details of this NFT driven reward program:

"Throughout Litter Box 1, users try to collect as many points as possible. The point breakdown is as follows:

-Opening a single position: 1 point (limit of 5 points) -Unwinding a single position: 1 point (limit of 5 points) -Total PnL is X% after the end of Litter Box 1: X points -Total PnL is -X% after the end of Litter Box 1: X/10 points

By collecting points, users will be able to claim Gold, Silver and Bronze NFTs. Users need to;

-Collect 100 points to claim the Gold NFT -Collect 33 points to claim the Silver NFT -Collect 10 points to claim the Bronze NFT"

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Introducing a similar one for Litter Box 2, to attract more users

On the latest Overlay Governance Proposal (OGP5), PlanckCat DAO has decided to launch Litter Box 2 and expand Overlay to more users. On this proposal, it's proposed to implement a similar reward program with 'slightly' different rewards. Also, some rules of the Litter Box 2 registration is going to change, if proposal passes by majority.

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*So, the proposal is offering these:

-Individual wallets from doxxed and interested high quality members of the community may be added to the application list (Overlay welcomes OG Ethereum members). -Reward NFTs are going to be created, similar to Litter Box 1 reward NFTs. However, these NFTs will be less rare/cool than Litter Box 1 ones. -For Litter Box 2, reward NFTs will be earned with exact same rules. (100 points: LB2 Gold NFT, 33 points: LB2 Silver NFT, 10 points: LB2 Bronze NFT) -Points will be calculated at the end of the rewards program. It is participants' responsibility to track their points.

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These are two options which are going to be offered on the Snapshot:

1. Implement Changes
2. Request Changes