Transaction Details
Transaction Hash:
0xc1
c4c8854a1c0b2480c9c28755cef5ef4c3966496f93003f4f279a8fc639
0d76
Status:
Success
Block:
Timestamp:
2021-06-26 20:13:22 +0000 UTC
From:
0xa38445…48Df3F
asselstine.eth
Interacted With:
Contract
Value:
0 ETH
0.00 ETH
Transaction Fee:
0.01282143 ETH
0.01 ETH
Effective Gas Price:
11 GWei
Execution Stats:
Used
1165585
out of
1248687
Gas
(93%)
Attributes:
Txn Type: 0 (legacy)
Nonce: 328
Block Position: 103
Call Data:
Address:
Name:
ProposalCreated(uint256 id, address proposer, address[] targets, uint256[] values, string[] signatures, bytes[] calldatas, uint256 startBlock, uint256 endBlock, string description)
Topics:
| 0 | 0x7d84a6263ae0d98d3329bd7b46bb4e8d6f98cd35a7adb45c274c8b7fd5ebd5e0 |
|---|
Data (Decoded):
| calldatas | bytes[] |
0x[0000000000000000000000000000000000000000000000000000000000000005 0000000000000000000000000000000000000000000000000000000000000001 0000000000000000000000000000000000000000000000000000000000000001 0000000000000000000000000000000000000000000000000000000000000001 0000000000000000000000000000000000000000000000000000000000000001 0000000000000000000000000000000000000000000000000000000000000005]
|
|---|---|---|
| description | string |
# PTIP-24: Revised saving the little fish (phase 1)
## Simple Summary
* Split the accrued COMP evenly across all winners.
* Increase the number of weekly prize winners on Dai prize pool from 3 to 5
* Increase the number of weekly prize winners on POOL prize pool from 1 to 5
## Motivation
Not enough small depositors are winning prizes. For PoolTogether to scale to the next level of growth (billions AUM / millions in weekly prizes) we have to find a way to get more people winning prizes. Especially people who have smaller deposits (10k or less). This needs to be done while keeping the protocol simple and not driving away the large depositors which create the large prizes.
## Specification
This PTIP would do three things:
1. Increase the number of weekly winners to the following
Dai Prize Pool: From 3 to 5 winners
2. Instead of giving all the accrued COMP to the “grand prize” winner, split the accrued COMP among all winners equally for all prize pools (Dai, USDC, COMP, UNI)
3. Increase the number of POOL pool winners from 1 to 5
### Overview
This should be considered phase 1 of Operation Little Fish. This phase uses the levers immediately at the control of governance (i.e. no new solidity code written). It will meaningfully adjust the odds to favor smaller depositors by. **Phase 2 is in R&D and will expand on this same goal.**
NOTE: the same wallet can win multiple prizes. So large whales will still win many of the prizes but far less of the total prizes than today.
### Rationale
PoolTogether is currently a victim of its own success. With over $200 million deposited, $100,000+ in weekly prizes, and prize pool reserves growing things are going better than ever. BUT, deposits into the prize pools have become increasingly dominated by large depositors. We’ve gone from the majority of prizes being won by large depositors to almost all of them being won by large whales. We need more depositors like the person [who deposited $73 and won $43,000. ](https://medium.com/pooltogether/pooltogether-myths-6d1a91d283a0) The core value proposition of PoolTogether is giving people the chance to get an outsized return on their money without risking it. Having more prizes means the odds of winning increase and this value proposition becomes stronger. PoolTogether becomes more FUN.
The change to the POOL pool to emphasize staking APR over a weekly prize also helps improve returns for POOL hodlers.
There are other methods to achieve this goal that the community has discussed. Specifically the idea of moving the POOL incentive to “sponsored” deposits that are not eligible to win. This idea has merit (I’ve been a proponent of it) but has some key limitations.
* Adding a second token “drip” will increase gas costs for all users (TBD on exactly how much)
* We will likely still have whales winning all the prizes, the whales will have the same % of total deposits but a smaller deposit in absolute numbers
* We risk losing a lot of capital in the migration
* We lose the benefits of having the value propo of “a chance to win + an APR” for depositors
* The value prop of sponsorship becomes solely yield farming which is not competitive for us long term
Ultimately this is the simplest change to immediately and meaningfully help out small depositors. Phase 2 of the operation will expand on this same goal.
### Technical Specification
1. Set Dai prize pool number of winners to 5
2. Split Dai prize pool rewards
3. Split USDC prize pool rewards
4. Split COMP prize pool rewards
5. Split UNI prize pool rewards
6. Set POOL Pool number of winners to 5
## Status
This proposal was [extensively discussed and supported widely here](https://gov.pooltogether.com/t/ptip-22-operation-10x-saving-the-little-fishes-phase-1/1250). As such this will go to vote
|
| endBlock | uint256 |
12740489
|
| id | uint256 |
17
|
| proposer | address | |
| signatures | string[] |
[setNumberOfWinners(uint256) setSplitExternalErc20Awards(bool) setSplitExternalErc20Awards(bool) setSplitExternalErc20Awards(bool) setSplitExternalErc20Awards(bool) setNumberOfWinners(uint256)]
|
| startBlock | uint256 |
12711689
|
| targets | address[] |
[0x178969A87a78597d303C47198c66F68E8be67Dc2 0x178969A87a78597d303C47198c66F68E8be67Dc2 0x3D9946190907aDa8b70381b25c71eB9adf5f9B7b 0x3EC4694b65e41f12d6b5d5Ba7C2341f4D6859773 0xe8726B85236a489a8E84C56c95790d07a368f913 0x21E5E62e0B6B59155110cD36F3F6655FBbCF6424]
|
| values | uint256[] |
[0 0 0 0 0 0]
|
Data (Hex):
| Type Trace Address | From | To | Value | Gas Limit |
|---|