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Overtime GovernanceOvertime Governanceby0x461783A831E6dB52D68Ba2f3194F6fd1E0087E04Danijel

Overtime update threshold

Voting ended over 3 years agoSucceeded
id Title Status Author Description Discussions to Created
TIP-73 Overtime update threshold Draft Svenska (@svenskafr) This TIP proposes to update Overtime threshold https://discord.gg/qHjr5aF7 2022-07-31

Simple Summary

This TIP proposes to update threshold from 10-90 to 5-95 on Overtime in order to increase positionable markets.

Motivation

After the initial soft launch of Overtime with MLS & MLB, we have now two more soccer leagues (EPL and Ligue 1) and many more to come.

In leagues where there is a huge level gap between top/bottom teams (eg: Bayern Munich in Bundesliga or PSG in Ligue 1), odds can be very low/high and with a 10-90 theresold, we are not able to offer positions for each option:

  • HOME
  • AWAY
  • DRAW

This is a drawback because it has several downsides:

  • We don't allow users to position on some options and then leave money on the table (fees and capturing losing positions)
  • We are not competitive with traditional bookies who always offer these 3 positions for every market

Specification

  • Update Overtime threshold from 10-90 to 5-95

Rationale

N/A

Test Cases

N/A

Implementation

N/A

Copyright

Copyright and related rights waived via CC0.

Off-Chain Vote

YES
7 TC-NFT100%
NO
0 TC-NFT0%
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Timeline

Aug 01, 2022Proposal created
Aug 01, 2022Proposal vote started
Aug 04, 2022Proposal vote ended
Dec 19, 2024Proposal updated