Decentraland

by 0x521b0fef9cdcf250abaf8e7bc798cbe13fa98692 (Kyllian)

Decentral Games ICE Poker is the first metaverse-native poker game. ICE Poker is a free play-and-earn poker game that gives players economic freedom through self-custody and delegation of wearables.

In addition to poker, Decentral Games venues also host daily virtual events such as live music, artist showcases, NFT drop parties, comedy shows, and more. DG has experienced significant growth since launching ICE Poker in fall 2021 and have onboard thousands of people into Decentraland.

Decentral Games is continuing to grow the ecosystem by launching competitive tournaments and metaverse advertising in our venues. We’re targeting July to launch sit-and-go tournaments which will increase product stickiness and improve our scaling to onboard the next larger wave of users into Decentraland. The stats today:

• 12 live Decentraland venues
• 1,007 parcels of Decentraland LAND
• 8,000+ daily active players
• 40,000+ weekly visitors across all venues

All told, Decentral Games Venue visitors and ICE Poker players account for ~60% of Decentraland’s weekly active users!

PROPOSAL

Assign $1M USD worth of MANA to provide rewards for the ICE-USDC liquidity pool on QuickSwap. MANA rewards will be distributed over 3 months to those that stake USDC-ICE LP bootstrap the pool. This is temporary (3-month) support while sit-and-go tournaments are developed, launch (July), and ramp up.

Note 1: If the final proposal passes, within 10 days following the proposal passing, $1M USD of MANA would be sent to dgtreasury.eth to distribute to folks staking the LP, but no MANA would be retained/kept by the DG DAO. Specifically, 0 MANA will be assigned to the LP that the DG DAO itself provides to the pool (DG DAO won’t stake LP), so all rewards will go to these Decentraland community members staking LP.

Note 2: While this request would exceed the grant threshold, these are liquidity incentives for an LP pool on QuickSwap rather than a grant to the DG DAO (which would earn 0 MANA).

RATIONALE

The DCL DAO assigning MANA to bolster ICE-USDC liquidity (& $ICE price) would contribute to maintaining Decentraland’s DAU. As mentioned in the proposal section, this would be temporary support for the pool (3 months).

Moreover, most ICE holders are not MANA holders and this would help correct for the imbalance that most users of Decentraland today are Decentral Games event participants and ICE Poker players that do not hold MANA; namely, this would be an avenue to welcome them into the DCL DAO as well.

The DG DAO has already implemented audited smart contracts to make rewards tokens claimable for staked LP, so it makes sense for DG to do this execution rather than Decentraland.

(Submitted on behalf of DecentralGames)

• Yes
• No
• Invalid question/options

Vote on this proposal on the Decentraland DAO