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TRAVA.FINANCETRAVA.FINANCEby0xFD59026F9238c476B392E60E728476254C6547b30xFD59…47b3

VOTING FOR ASSETS OF THE TRAVA FORTUNE MINING POOL

Voting ended over 3 years agoSucceeded

Summary

To provide users with more services in the Trava Ecosystem, Trava Finance has planned to implement the Trava minigame series. After the Trava Lottery and Battlehand, the next game — Fortune Mining, will be soon published in September 2022. This game is built on the well-known blockchain idea of the No-loss Prizes game, allowing participants to earn big prizes without worrying about losing their money.

For more details, click here: https://blog.trava.finance/trava-mini-game-series-94dc54b20327

Following that, to participate in the game, users need to deposit their money into the Fortune Mining pool. Thus, this snapshot is opened for our community to determine which asset should be used to maximize their profit.

Motivation

For more details, users first need to deposit their money into the Fortune Mining Pool. All the rewards from the total deposit will then be distributed to a certain number of lucky users. The more money they deposit, the more chances they will be chosen (based on our algorithm). That means instead of distributing for all users (based on their deposit amount) as a normal lending pool, the total rewards will be spent to be one big prize for the lucky ones.

These rewards will be in two forms:

  • In Deposit token (With APY)
  • In rTRAVA token (With APR).

In the first phase, we would like to let our community decide on the two assets to put into the Trava Fortune Mining pool, among four options: USDT, USDC, DAI, and BUSD.

More specifically, let’s take a look at the table below for a detailed comparison between 4 assets:

Assets         APR (Rewards in rTRAVA) APY (Rewards in Deposited Token)
USDT   0.39% 1.17%
USDC   0.62% 0.93%
DAI   3.90% 1.01%
BUSD   0.42% 0.75%

For example, if the total deposit in the Fortune Mining Pool is about $20.000, the total reward the winner can get after the period of 2 weeks (14 days) is calculated as:

Assets         Rewards from APR (USD) Rewards from APY (USD) Total rewards - Estimated (USD)
USDT   3 9 12
USDC   4,8 7,1 11,9
DAI   29,9 7,7 37,6
BUSD   3,2 5,8 9

Note: In fact, the total rewards can be flexible depending on the deposit-borrow market conditions (which influence the APR and APY). The rewards above are estimated based on the APY and APR on the 30th of August 2022; access the Trava Lending Pool for more details.

Options

Based on the comparison above, we hope you have gained some needed information to make your own choice for your own benefit when joining the Fortune Mining Program. You can choose two among four options:

⚔️Option 1. USDT ⚔️Option 2. USDC ⚔️Option 3. DAI ⚔️Option 4. BUSD

Off-Chain Vote

USDT
80K TRAVA0.8%
USDC
0 TRAVA0%
DAI
0 TRAVA0%
BUSD
9.37M TRAVA99.2%
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Timeline

Aug 31, 2022Proposal created
Sep 01, 2022Proposal vote started
Sep 04, 2022Proposal vote ended
Oct 26, 2023Proposal updated