PTIP-66 Prize adjustment

Adjust Prize distribution on PoolTogether V4 We are targeting a net reduction in total prize distribution to bring the protocol closer to prize sustainability. These reductions were discussed here https://gov.pooltogether.com/t/prize-adjustment-3/2097

Motivation We need to bring the prize distribution closer to sustainability to avoid depletion of treasury resources. Prize distribution can be boosted again later around specific goals / campaigns.

Options

OPTION A: $7,180 daily prize 1 - $1000 3 - $100 12 - $50 48 - $10 192 - $5 768 - $5 Total number of prizes: 1024

Small improvement to current odds. APR is evenly distributed in different chains - Distribution is optimized in consideration for gas on Avalanche. Overall balanced structure (more prize tiers than current distribution).

SMALL FISH ON POLYGON 8.27 % APR WHALE ON POLYGON 3.09 % APR SMALL FISH ON AVALANCHE 7.17 % APR

OPTION B: $7,212 daily prize 1 - $1500 3 - $200 12 - $50 48 - $10 192 - $5 3072 - $1 Total number of prizes: 3328

Highest number of prizes (over 3,000 $1 prizes). $1 prizes reduce the APR in chains with higher gas costs (see Avalanche example). Overall balanced structure (more prize tiers than current distribution).

SMALL FISH ON POLYGON 8.17 % APR WHALE ON POLYGON 4.03 % APR SMALL FISH ON AVALANCHE 4.43 % APR

Option C: No change / Keep Current Distribution: $11,160 daily 3 - $1000 48 - $50 192 - $10 768 - $5 Total number of prizes: 1011

**Keeping this APR is roughly costing $6K daily to the PT treasury.

SMALL FISH ON POLYGON 12.92 % APR WHALE ON POLYGON 7.01 % APR SMALL FISH ON AVALANCHE 11.85 % APR

Status Voting will be live for 72 hours, once voting completes, the new distribution will be implemented to the prize tier contract on all chains by the executive-team.