Team Name	PT Inc Team
Quarter and Year	Q2 2023
Payout Address	0x3927E0642C432A934a4EAA64C79bC8a1D8ac5Fb7
Total USD Value Requested	$243,388.16

Purpose

PT Inc. develops improvements and maintains an interface to the PoolTogether Protocol. Previously this team was split into the PT Inc. Protocol Team and the PT Inc Client Team, but we’ve decided to consolidate the two due to shared resources.

Performance Goals and Metrics

Our goal for Q2 2023 is to ship version 5 of the protocol. This version will be a hyperstructure, as detailed in this gov post.

Our moonshot goal is to get the hyperstructure into production.

Milestones

1. Launch a new landing page for pooltogether.com
2. Launch version 5 of the protocol: the hyperstructure

Hyperstructure Launch Steps

The following is a breakdown of the hyperstructure launch timeline. Dates given are estimates, not hard commitments. We’ll do our best.

Description	Estimated Completion Date
Initial design for the hyperstructure	Complete
Launch alpha version on Sepolia. This includes both the smart contracts and a web app	April 1
Release code that allows anyone to liquidate yield and claim prizes	April 15
Launch beta version for final testing and polish	May 15
Code Audit	June 1
Launch new landing page	June 1
Launch the production version	June 15
Launch JS SDK	June 15
Develop an incentivized draw mechanism to ensure the prize pool is rewarded	July 15
Launch an ecosystem portal to surface third party apps	July 15
Install the draw mechanism and renounce ownership of the prize pool	August 1st

Budget

Requested Amount

Token	Amount
POOL	54,458 POOL
USDC	187,841 USDC

Budget Breakdown

Team Members

As per Q2 2023 Compensation Formula.

Role	Yearly USD Compensation	Commitment Percentage	Quarterly USDC	Quarterly POOL	Contributor	Contributor Discord
Team Lead	$131,100	100%	$32,775 USDC	Covered until end of Q2 2023	Brendan Asselstine	Brendan 🌊🏆#1830
Protocol Engineer	$211,166	100%	$34,750 USDC	17,688 POOL	Pierrick Turelier	Pierrick#1350
Protocol Engineer	$202,000	100%	$33,936 USDC	16,240 POOL	Dylan DesRosier	dylandesrosier#6262
Front-End Engineer	$131,100	80%	$26,220 USDC	Covered until middle of Q4 2023	Chuck Bergeron	ChuckBergeron#2753
Senior Designer	$202,000	100%	$33,936 USDC	16,240 POOL	Alex	alxx#6155
Junior Software Engineer	$100,000	100%	$20,625 USDC	4,290	Noah Cukiert	Ncookie#1619

Totals: 182,242 USDC & 54,458 POOL

Team Expenses

The following are ballpark expenses for the quarter. Note that the security bounties are more of a reserve- if no exploits are reported it will rollover. Likewise for auditing, although our goal is to have the PT Hyperstructure on testnet and audited this quarter.

Description	Amount
SAAS / Infra Services	$9000
Security Bounties	$50,000
Contractors	$20,000
Auditing	$250,000

Total: $329,000 USDC

Retrospective

The previous PT Inc. Client team and PT Inc. Protocol team goals were to:

• [x] V4 app updates
• [x] Install VRF 2.0
• [x] Upgrade V4 to use DPR
• [x] Launch DPR Controller App
• [ ] Launch new landing page
• [ ] Launch hyperstructure testnet

Most of these have been completed. The outstanding goals are to launch the hyperstructure and landing page, as detailed above.

Budget Surplus

Description	Amount	Token
C4 outstanding account balance	127,400	USDC
Held assets	196,001	ScUSDC

Total: 323,401 USDC

Appendix

Token Pricing

Token	value in USD
POOL	1.02