[Final Vote] Ethereum Deployment Options

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[Final Vote] Ethereum Deployment Options

This snapshot proposes five different options for launching on Ethereum mainnet, each with a corresponding plan to bootstrap the deployment to reach a level of minimum functionality.

Please rank these options from best to worst in terms of which deployment would be the most successful.

For additional context and pros and cons for each deployment option, please refer to the original discussion on the gov forum.

The option with the most support will be used going forward with the Ethereum mainnet deployment and will be accompanied by an onchain PTIP to request any POOL or treasury deposits that are proposed with the selected plan.

Option Overview

Option	Draw Period	Share Split	Treasury Deposit	POOL Drip
A	2 weeks	100/100/4	-	400k / 1st year, halving every year after
B	2 weeks	100/30/4	~$600k	150k / 1st year, no drip after
C	4 weeks	100/30/4	~$600k	-
D	2 weeks	100/60/4	~$600k	200k / 1st year, halving every year after
E	2 weeks	100/46/4	-	860k / 6 months, no drip after

Option Simulations

Simulations are approximated based off of assumed network and yield conditions. These simulations were created assuming the worst-case gas scenario of 100 gwei average to ensure that the protocol will still function in the worst cose scenario. Actual results will vary.

Option	Min TVL	Reserve Cut Range	GP @ $10m TVL	Small Prize @ $10m TVL
A	$476k	9.92% - 32.47%	~$55k	~$3k
B	$1.2m	3.20% - 12.61%	~$60k	~$3k
C	$613k	3.20% - 12.61%	~$120k	~$6k
D	$345k	6.20% - 22.39%	~$57k	~$3k
E	$427k	4.82% - 18.11%	~$58k	~$3k

The reserve cut is the % of yield that is taken from contributions to pay for RNG. Any leftover after paying for the RNG is contributed on behalf of the POOL prize vault (przPOOL). The smaller percentage in the range is the cut at the highest tiers (high TVL) and the bigger percentage is the cut at the lowest tiers (low TVL)

The minimum TVL listed is what is required for the draws to be awarded every draw period. Any treasury deposits listed above are not included in the min TVL in this table.

Off-Chain Vote

Option A

1 POOL + PPOOL0%

Option B

0 POOL + PPOOL0%

Option C

134.1K POOL + PPOOL80.2%

Option D

33.1K POOL + PPOOL19.8%

Option E

0 POOL + PPOOL0%

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Discussion

[Final Vote] Ethereum Deployment Options

Timeline

Aug 09, 2024Proposal created

Aug 09, 2024Proposal vote started

Aug 14, 2024Proposal vote ended

Dec 12, 2024Proposal updated

[Final Vote] Ethereum Deployment Options

This snapshot proposes five different options for launching on Ethereum mainnet, each with a corresponding plan to bootstrap the deployment to reach a level of minimum functionality.

Please rank these options from best to worst in terms of which deployment would be the most successful.

For additional context and pros and cons for each deployment option, please refer to the original discussion on the gov forum.

Option Overview

Option

Draw Period

Share Split

Treasury Deposit

POOL Drip

2 weeks

100/100/4

400k / 1st year, halving every year after

2 weeks

100/30/4

~$600k

150k / 1st year, no drip after

4 weeks

100/30/4

~$600k

2 weeks

100/60/4

~$600k

200k / 1st year, halving every year after

2 weeks

100/46/4

860k / 6 months, no drip after

Option Simulations

Simulations are approximated based off of assumed network and yield conditions. These simulations were created assuming the worst-case gas scenario of 100 gwei average to ensure that the protocol will still function in the worst cose scenario. Actual results will vary.

Option

Min TVL

Reserve Cut Range

GP @ $10m TVL

Small Prize @ $10m TVL

$476k

9.92% - 32.47%

~$55k

~$3k

$1.2m

3.20% - 12.61%

~$60k

~$3k

$613k

3.20% - 12.61%

~$120k

~$6k

$345k

6.20% - 22.39%

~$57k

~$3k

$427k

4.82% - 18.11%

~$58k

~$3k

The reserve cut is the % of yield that is taken from contributions to pay for RNG. Any leftover after paying for the RNG is contributed on behalf of the POOL prize vault (przPOOL). The smaller percentage in the range is the cut at the highest tiers (high TVL) and the bigger percentage is the cut at the lowest tiers (low TVL)
The minimum TVL listed is what is required for the draws to be awarded every draw period. Any treasury deposits listed above are not included in the min TVL in this table.