PoolTogether is an open source and decentralized protocol for no-loss prize games
PoolTogether recently set up a pool for Fei Protocol. The model discussed with the community looks as follows:
Fei would incentivize the pool with ~$100k of TRIBE over 30 days. That’s about 5500 TRIBE/day. Users will see this in the form of APR. ~$100k for 30 days is about 10% APR for a $10m pool. Once the APR incentives run out, PoolTogether will add POOL token liquidity mining.
This proposal would use TRIBE from the FEI-TRIBE staking rewards. 100k TRIBE would equal 0.05% of the total staking rewards. This initial incentive is important as it attracts users to the pool. Through that, we create a base that allows the pool to grow by itself.
Given the exposure and utility TRIBE will gain from this partnership, the proposal will be worth it for both of our communities.
Please feel free to leave any feedback regarding this proposal before it is posted on Snapshot. In addition to that questions and concerns can also be addressed here, I will also ask PoolTogether community members to help with questions.