Summary

See PTIP-47: Prize Adjustments gov post

This proposal adjusts the prize distribution so that there are more prizes. The adjustments were discussed in Adjusting Prizes.

Abstract

This proposal will have the token holders select a prize distribution. The PoolTogether Executive Team will then use their multisig to make the required changes on-chain.

Motivation

We want more prizes! There should be more winners and more variety in prizes.

Specification

Overview

The prize distributions presented below add varying amounts of prizes at different costs to the protocol. Token holders should select the one they think will benefit the protocol and users the most.

Rationale

Rationale available in the original discussion

Technical Details

The PoolTogether executive team will make the required changes to the Prize Tier History contract on mainnet

Options

Select one of the options below

Option A

• Adds 3279 additional prizes (3 + 12 + 192 + 3072)
• Increases total payout by $18,564 / week
• Bias towards smaller prizes

Prize	Count	Total
$2,500.00	1	$2,500
$500.00	3	$1,500
$200.00	12	$2,400
$50.00	48	$2,400
$10.00	192	$1,920
$5.00	768	$3,840
$1.00	3072	$3,072
	TOTAL:	$17,632
	Change in Weekly Cost	$18,564

Option B

• Adds 207 additional prizes (3 + 12 + 192)
• Increases total payout by $3,360 / week
• Bias towards smaller prizes

Prize	Count	Total
$2,500.00	1	$2,500
$800.00	3	$2,400
$200.00	12	$2,400
$50.00	48	$2,400
$10.00	192	$1,920
$5.00	768	$3,840
$0.00	3072	$0
	TOTAL:	$15,460
	Change in Weekly Cost	$3,360

Option C

• Adds 207 additional prizes (3 + 12 + 192)
• Decreases total payout by $5,404 / week
• Nearly flat distribution

Prize	Count	Total
$2,400.00	1	$2,400
$800.00	3	$2,400
$200.00	12	$2,400
$50.00	48	$2,400
$12.00	192	$2,304
$3.00	768	$2,304
$0.00	3072	$0
	TOTAL:	$14,208
	Change in Weekly Cost	-$5,404