Alright 1Hivers, you must be tired of me posting about opportunities on PoolTogether(PT) but I think 1Hive and PT have a lot of synergy and will benefit each other immensely in the future. So in continuation to my previous post https://forum.1hive.org/t/pooltogether-xdai-incentivising-initial-pools-for-marketing-and-buzz/3598, I have had discussions with various community members during the café calls and it seems to me that to implement the linked proposal will also require a dev and dev time.
As we wait for AGAVE to actually launch and provide opportunity to extract yield from various assets, I have realised that with the launch of the AGAVE staking in the security module https://app.agave.finance/#/stake, we now have a stable and low risk yield source although not a very high APY. So if we have a pool started for AGAVE, (this will mostly suit the smol fish) the pooled AGAVE could then be staked into the security module and the yield which I will assume will probably go down to a 12% APY, could then be used to provide the reward to one or more lucky picks from the poolers.
As an example if we manage to get 10 AGAVE pooled by all the smol fish in the pool, it could mean we could have about 0.1 AGAVE as reward that could be given away as a whole or in 2 or 3 parts every month. If the pool continues to grow and reaches 100 AGAVE, that could be 1 AGAVE per month to someone lucky in the pool! Also the AGAVE DAO could look into incentivising the pool indirectly by providing some AGAVE from the common pool in the PT pool and stay out of the lottery so that the yield from the provided AGAVE could boost the reward for the poolers.
These are some random thoughts that may not be coherent at this stage but could be a useful start point to having PT and AGAVE collaborate and provide an opportunity to distribute AGAVE further.
@Monstrosity @solarmkd @CurlyBracketEffect @luigy would be nice to know what you think of the above and how it may impact the security module of AGAVE. Unsure if this presents an attack vector but would be good to know. Any other feedback is good. This could be one of the first pools that actually provides a reward in AGAVE to PoolTogether!