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nftperpnftperpby0xdE79aAA2f54160b45EF69E1C4b8Fc4c290cd5B88the0xjose.eth

Season 2 Trading Competition Team Rewards Multiplier Adjustments

Voting ended about 3 years agoSucceeded

nftperp's Trading Competition Season 2 introduced team mechanics.

Traders will get randomly assigned to one of two teams; team $PEANUT and team $ALMOND.

The team with the higher total PnL will get reward boosts with a multiplier.

Rewards are outlined below:

🥇1st place wins 50,000 $VNFTP 🥈2nd place wins 30,000 $VNFTP 🥉3rd place wins 15,000 $VNFTP 4th to 25th place win 7,500 $VNFTP each 26th to 100th place win 2,000 $VNFTP each 101st to 200th place win 1,000 $VNFTP each

nftperp core team's initial proposal was to give traders on the winning team in the top 200 ranks a 1.5x boost, whereas traders in the top 200 ranks from the LOSING team will get a 0.5x decrease.

Example:

  • Alice ranks 10th place overall (7,500 $VNFTP) but because she's on the winning team her rewards would be applied with 1.5x boost, resulting in 7500 x 1.5 = 11,250 $VNFTP
  • Bob ranks 3rd place overall (15,000 $VNFTP) but because he's on the losing team hs isewards would be applied with 0.5x decrease, resulting in 1500 x 0.5 = 7,500 $VNFTP

quantumzebra123#3760 and Kent#2895 from the community raised the concern that the multipliers are too aggressive and suggested adjustments on the multiplier to 1.1x/0.9x or 1.2x/0.8x instead.

Ultimately this needs to be a collective decisions from the community so we decided to make a proposal here to kick-start nftperp community governance!

Off-Chain Vote

1.5x/0.5x (stay as is)
188K VNFTP58.2%
1.2x/0.8x
128K VNFTP39.6%
1.1x/0.9x
7K VNFTP2.2%
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Discussion

nftperpSeason 2 Trading Competition Team Rewards Multiplier Adjustments

Timeline

Oct 28, 2022Proposal created
Oct 28, 2022Proposal vote started
Nov 10, 2022Proposal vote ended
Oct 26, 2023Proposal updated