Symmetric Telos Improvement Proposal #3

Symmetric Telos Improvement Proposal #3 Tekika Season 2 Sponsorship

Purpose: To make a community decision on potential Symmetric sponsorship for Tekika Season 2.

Symmetric and Tekika Season 1

Tekika is a quest based airdrop platform built for the Telos ecosystem that aims to bring users to Telos and have them interact with the Telos ecosystem. Symmetric is a tier one sponsor for season 1, which costs the treasury $5,000 for sponsorship. Tekika also brings significant revenue to the Symmetric lp holders, treasury, and team. Below is an initial summary of activity related to Tekika in season 1 with the end of season 1 in approximately 1 week:: Tekika has brought over 63,000 transactions to Symmetric The minimum volume produced by these transactions currently amounts to $5,954,470. It is surely a bit more than this, as this number was calculated using the minimum transaction amount and most users swap a few percent more to make sure their transaction confirms. This translates to a minimum of $5954 in fees, 25% ($1488) of which goes to the treasury
Dozens of participants locked vtSYMM, and 18 confirmed the task for the max time with at least $100 worth of tSYMM. There are other significant benefits for participation in Tekika to Symmetric as well, mostly in marketing and community development. We have seen increased activity on both our discord and X channels and have seen new community members engaging with the project. We have also participated in shows, AMAs, and comarketing with the Tekika community.

Proposed Sponsorship of Season 2

Season 2 of Tekika is slated to start in December of this year. The season will run for a similar length (3 months) and Tekika has announced some changes for Season 2 aimed at leveling the playing field and increasing the importance of tasks for each month.
Symmetric has the choice to sponsor Tekika again, and if we as a community choose this, we must choose 1 of 3 sponsorship levels. Note that the value of the tasks will also decrease with a lower sponsorship level: Tier 1: $5000 Tier 2: $2500 Tier 3: $1000

Voting Options Yes, sponsor Tekika as a Tier 1 sponsor ($5k) Yes, sponsor Tekika as a Tier 2 sponsor ($2.5k) Yes, sponsor Tekika as a Tier 3 sponsor ($1k) No, do not sponsor Tekika season 2

Conclusion:

Season 1 data suggests that sponsorship provides considerable value, though the direct return does not fully cover the sponsorship costs. The community's decision will determine whether we prioritize these broader benefits for continued sponsorship.

Submitted by Wdude, November 11, 2024