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MANA incentives for USDC-ICE LP on QuickSwap

PassedPoll

Proposal Details

Author0x521b…8692
PublishedMay 19, 2022 23:18
Voting beginsMay 19, 2022 23:18
Voting endsMay 24, 2022 23:18
Snapshot#VCfrGX8

Description

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)

61 Comments

maraozMay 24, 2022

Voted no, $1M seems like a lot. Looking forward to discussing this further in stages 2 and 3. Would be happy to support a modified version of this proposal which takes into account feedback from this discussion.

0xMilesMay 24, 2022

We’ve had conviction around Decentraland and it’s role in delivering an interactive 3D frontend for the open metaverse from its inception in 2017. Since then, we’ve purchased 1000+ parcels of LAND and invested millions of dollars to build engaging content to attract and retain over 60% of the platform’s users. This MANA allocation is a stepping stone to assist in stabilizing our in-game economy as we prepare to launch ICE Poker Sit-n-Go tournaments, along with other key initiatives that drive organic demand and utility for ICE, and solidify our ecosystem’s long term sustainability. With the support of the Decentraland team and community, we look forward to onboarding the next million users into Decentraland and the nascent metaverse.

ShaunMay 23, 2022

You guys don't like this proposal because you think giving MANA to ICE Poker doesn't help DCL. Plz think in long term view. which one will bring more new users and exposure to the public between new project and DG in long term view? Of course if this proposal will be passed, it would help for DG growth. and DG keeps dedication for development to not only DG but also DCL itself more than now. And many are worried about ICE mobile which seems away from dcl. but it's not true. DG said there is less onboard friction to ICE Poker but less revenue. So mobile will play a role of starting point and bring people to DCL for more revenue. Thanks for reading.

SanninMay 22, 2022

"the key rationale in the proposal is ICE poker DAU = DCL DAU, but that won’t be true after having the mobile client" https://forum.decentraland.org/t/dao-qmvcfrg-mana-incentives-for-usdc-ice-lp-on-quickswap/11653/19?u=crypt_sannin “hey we have been spending irresponsibly already, why not for this grant as well" definitely not what i meant, but if the argument is that grant proposals are only for creators developing and improving DCL as a community, I simply don't see that happening. Whereas we have DG with a full on working model asking for support over 3 months in the form of incentives for not only the ICE Poker ecosystem but for DCL as well, while they continue to develop on their own the game modes mentioned by Miles. My point is I'm failing to see a reasonable and presented with facts on a counter-argument to this proposal, while DG team has and I'm sure would be more than glad to continue providing details on the reasoning for proposal.

tomasuMay 22, 2022

sir, with all due respect > “A mobile client is being built for ICE poker.” -Yes “They are moving away from DCL anyway.” -DG, has not said this at all, nor it is the intention. Even if some of the comments from the community seem that way. DG is quite invested in DCL with over 1K Parcels of LAND. No reason to leave, this proposal is not whether DG stays in DCL or not, its about receiving a temporary (3 months) incentive on the USDC-ICE LP paying in MANA to all those who stake in it but DG (meaning DG will not Stake in its LP and earn). - the key rationale in the proposal is ICE poker DAU = DCL DAU, but that won't be true after having the mobile client >“The DCL grants are for paying creators who build on DCL (DG included) but not for sustaining price of any tokens” Sadly i have seen many grants proposed being passed and those who submitted those have either gone AFK, or are still “developing” without the proper team or resources and some without even a single parcel of LAND. DG has the only real working p2e in decentraland, developed and continues to develop, on LAND the DG DAO Treasury already owns. - in that case may be DAO need to raise the bar of approving grants, but not "hey we have been spending irresponsibly already, why not for this grant as well" - i fear that all P2E will need the bull mkt back in order to sustain token price, 1mil won't help

SanninMay 22, 2022

"it is 1 million dollars as rewards to its clients, taking it away from possible future developments." By this comment, the incentives for staking will go to anyone staking in the LP, this means you, me or anyone staking in it, they dont have to be DG "clients" which we call users, DCL users. "For me, dao funds should go to help new projects to develop, not to reward projects that are already successful so that they give it away to their users :?" What projects can you mention with a grant given to them for developing purposes and we can right now jump in there and P2E like real P2E.

SanninMay 22, 2022

1. is not a valid argument Tobik, DG is not asking for money to continue with project. ICE Poker will continue with or without the Incentives of MANA for the LP. 2. What is real content for DCL by your definition? DCL is a metaverse and unfortunnately the only thing happening in DCL right now, are either DJ parties, parkour, or big brand onboarding, nothing is really being developed gaming wise on a metaverse where the first thing people ask in places like Genesis Plaza or Wondermine is "How to earn?" 3. would you be so kind to point out the lack of interaction with the community? I joined DCL because of an ad i saw on Decentral Games about a year and half ago, stayed after jumping around a few spots, have minted names, submitted wearable collections which btw it was Saus from DG who hosted my first wearable release in dcl, hosted events with several non-DG or ICE poker members. DG is by far the biggest component in DCL and we shouldnt take this out of context at all.

SanninMay 22, 2022

"A mobile client is being built for ICE poker." -Yes "They are moving away from DCL anyway." -DG, has not said this at all, nor it is the intention. Even if some of the comments from the community seem that way. DG is quite invested in DCL with over 1K Parcels of LAND. No reason to leave, this proposal is not whether DG stays in DCL or not, its about receiving a temporary (3 months) incentive on the USDC-ICE LP paying in MANA to all those who stake in it but DG (meaning DG will not Stake in its LP and earn). "The DCL grants are for paying creators who build on DCL (DG included) but not for sustaining price of any tokens" Sadly i have seen many grants proposed being passed and those who submitted those have either gone AFK, or are still "developing" without the proper team or resources and some without even a single parcel of LAND. DG has the only real working p2e in decentraland, developed and continues to develop, on LAND the DG DAO Treasury already owns.

KlockmannMay 22, 2022

Why is this not a grant proposal?

jar0dMay 22, 2022

I enjoy your pivoting from your feelings to misrepresenting poorly articulated stories :smiley: It's a step closer to getting to a fact-based position. Playing Mutltiple accounts is blanketly against ToS, because it's the only effective way to police the issue of people who are colluding and cheating. Honest players using two accounts to play at two separate times of the day, are not "people are pretending to support ICE Poker while they are actually exploiting the system." It's intellectually dishonest and will only invalidate any decent points hiding under all the BS you dressed it up in.

ShinyMay 22, 2022

If my argument wouldn't be true, would the ICE Poker be doing this poorly currently and requesting money? One fact I do know, that some people are preteding to support ICE Poker while they are actually exploiting the system. Heard one guy talking on EmpressRaeon stream how he was exploiting the system, got banned for it by DG, but created a support ticket to get unbanned and to continue to exploit the game. Maybe you know who am I talking about?

jar0dMay 22, 2022

You understand that "feelings" are not "data" or "facts" and have no place in a fact-based argument, right?

ShinyMay 21, 2022

I agree that DG is a big part of Decentraland and Devs are working hard, but I think there is big issue with ICE player community - there are people that are active on Twitter trying to promote ICE Poker, doing Twitch streams, burning their ICE to upgrade wearables and to sustain the whole economy of game - this is the good part of community - but then there is another part, they don't care about ICE Poker future, all they care about is extracting money from game by any means. If ICE Poker would die, they would just move on to another game and do the same. Unfortunately, I have a feeling that the second part is the biggest part, that is why ICE Poker is currently doing so poorly and 1M$ MANA won't change that.

InaMay 21, 2022

xeta this is not a development proposal, it is 1 million dollars as rewards to its clients, taking it away from possible future developments.

InaMay 21, 2022

Ask for a million dollars to give it away? have I understood correctly? Why should the project that generates the most, has the most development, and is best located be financed? But it is not a financing for the project, is it a reward for its stakers? I do not see sense. Why not reward land holders with activity? For me, dao funds should go to help new projects to develop, not to reward projects that are already successful so that they give it away to their users :? It looks like an attempt to abuse vote concentration rather than an investment in decentraland.

MunRaxixeMay 21, 2022

I’m going to tell you a ‘‘brief’’ story about my personal experience with DCL to try to get my point. (You can go straight to the conclusion if you prefer) I'm Brazilian and like many here, I was experiencing financial difficulties because of the pandemic. This crisis left me destabilized and I was unable to be productive in artistic work as a musician. I met DCL in July, learned a lot about and what web3 was from the DG team. No direct financial return, as I only participated in championships for free and had nothing in my wallet. I understood that as innovative as it was, DCL is still taking its first steps and more than just injecting money, it was also very necessary to create a really “live” environment with people teaching, learning and having fun together as a society. When ICE poker was initially created I wasn't interested due to the high value of wearables, but when @herculys, who I met in Tominoya months ago, warned me that I might be a delegate I was very interested. After playing for about 2 months I believed that I could literally change my life and have the financial structure to return to dedicating myself to music production. The value of ICE was practically the same as the currency here. When I joined Cyberpunk drop WL it was like a dream come true. I had heard that 'maybe in the future' delegate players who believed they would have the opportunity to become owners. When it actually happened, I didn't even think twice. Since then the value of ICE has plummeted and I never thought about accepting an offer for my Richard, who is still lvl 3, but it's only a matter of time. I still believe we are at the beginning. — CONCLUSION — What do I mean by all this? I consider myself a sardine and I know very well my size in this ocean. Just as I believe I can have the vision and experience of this segment of the target audience. I learned A LOT and had experiences that I didn’t believe were possible on the internet. And with this learning I managed to insert myself, start to have results and more than that, today I have a promising perspective for my art. It definitely changed my life for the better. Using myself as an example, I can imagine thousands of people in the same situation. Poker is very famous here in Brazil and the potential population is getting into cryptos just now. Speaking for myself, what gave me great confidence in the future of Metaverse was the seriousness, commitment and responsibility I saw from the beginning with DG and when I believed in the team I was rewarded fairly. Remembering that I’m a small player but I’m very proud of my journey so far and that in my humble opinion ICE can be a great gateway to the DCL for others newbies as it was for me… I remember well when we celebrated when there were more than 70 people on some plot and we passed WonderMine… When looking at the medium to long term, I trust all the work of the DG and I believe that the population of the DCL will not regret this vote of confidence, just as DCL will not be forgotten by the DG.

MunRaxixeMay 21, 2022

I'm going to tell you a ''brief'' story about my personal experience with DCL to try to get my point. (You can go straight to the conclusion if you prefer) I'm Brazilian and like many here, I was experiencing financial difficulties because of the pandemic. This crisis left me destabilized and I was unable to be productive in artistic work as a musician. I met DCL in July, learned a lot about and what web3 was from the DG team. No direct financial return, as I only participated in championships for free and had nothing in my wallet. I understood that as innovative as it was, DCL is still taking its first steps and more than just injecting money, it was also very necessary to create a really “live” environment with people teaching, learning and having fun together as a society. When ICE poker was initially created I wasn't interested due to the high value of wearables, but when @herculys, who I met in Tominoya months ago, warned me that I might be a delegate I was very interested. After playing for about 2 months I believed that I could literally change my life and have the financial structure to return to dedicating myself to music production. The value of ICE was practically the same as the currency here. When I joined Cyberpunk drop WL it was like a dream come true. I had heard that 'maybe in the future' delegate players who believed they would have the opportunity to become owners. When it actually happened, I didn't even think twice. Since then the value of ICE has plummeted and I never thought about accepting an offer for my Richard, who is still lvl 3, but it's only a matter of time. I still believe we are at the beginning. --- CONCLUSION --- What do I mean by all this? I consider myself a sardine and I know very well my size in this ocean. Just as I believe I can have the vision and experience of this segment of the target audience. I learned A LOT and had experiences that I didn't believe were possible on the internet. And with this learning I managed to insert myself, start to have results and more than that, today I have a promising perspective for my art. It definitely changed my life for the better. Using myself as an example, I can imagine thousands of people in the same situation. Poker is very famous here in Brazil and the potential population is getting into cryptos just now. Speaking for myself, what gave me great confidence in the future of Metaverse was the seriousness, commitment and responsibility I saw from the beginning with DG and when I believed in the team I was rewarded fairly. Remembering that I'm a small player but I'm very proud of my journey so far and that in my humble opinion ICE can be a great gateway to the DCL for others newbies as it was for me.. I remember well when we celebrated when there were more than 70 people on some plot and we passed WonderMine... When looking at the medium to long term, I trust all the work of the DG and I believe that the population of the DCL will not regret this vote of confidence, just as DCL will not be forgotten by the DG.

MorphMay 21, 2022

DG has continuously put out solid gameplay experiences in Decentraland and prove to continually actively develop both for DG and for DCL. They run not only the most visited spots in DCL but also host one of the sturdiest realms (DG) which we use for non-poker events and hosting and have a large share of the treasury locked up in either land or mana for nodes. IMO DG has evolved into a full web 3 company and is a shining example of how companies within DCL should help build and grow the space. @MorrisMustang & @Eibriel - I ask that you to reconsider, DG's treasury is mostly made up of DCL land, mana (nodes) and the rest is stable coins reserves that are already locked in LPs or set aside for continued dev work during the bear market. DG has always given back via hosting servers and running mana nodes with large amounts of mana reserves, as the market has dropped so has DG's reserves. We are simply asking for a grant to help continue sustain the actual players in DCL (this money does not go to DG, but to the ice players via LP who spend 2-5 hours in DCL, many of whom attend events and spend time elsewhere in game as well) - we have many people who love DCL in ice poker and we want both to succeed, we are simply asking for help from our much larger partner until nearby development of the more stable mechanics arrive.

XetaMay 21, 2022

I really don’t understand how other p2e proposals are getting passed when they ultimately don’t have land to even develop on, hardly any proof of concepts available, and are going to cause the same dump of wearables/etc - DG is just further developed, actually has land, and brings in a majority of the community to dcl.

XetaMay 21, 2022

Honestly disappointing to see several people who have applied for their own “dao grants” voting no on this while not supporting one of the robust and active dev teams that help bring more than half of the DCL population in. They have more than enough ability to deliver and what they are asking is reasonable to me.

TobikMay 21, 2022

Hello, DG team. My vote is a **no**, and here is why: 1. You already have a **bunch of money** and you can use your own. 2. I don't think we should support the wheel of token speculation (and even if you believe in the project, **this is not** real content for Decentraland). 3. I'm not seeing **any interaction** with the community and it seems a way to increase holders profit.

ShinyMay 21, 2022

1. I truly don't understand why they are asking for money from Decentraland, when they have their own treasury which (as it states on their website) currently is 24.5M. 2. I don't think that ICE players will hold MANA and participate in DAO, they have pretty good experience with dumping - chips, ICE, xDG, Ice wearables, you name it and they will dump it. If they wouldn't be doing that, I wouldn't be reading this proposal. 3. Besides both points above - this proposal is too late. At the time of writing ICE is 0.0156$, but I think this proposal should have come when ICE was still around 0.08$ and maybe then 1M$ MANA could actually help, but now I think it is in a too big hole. Maybe this proposal will pass, but I don't think that 1M$ MANA will make any difference, because as I said - it is too late.

NikkiFuegoMay 21, 2022

First of all, why is the “biggest” entity not required to follow the same protocol as the rest of the community? Do those “60%” actually go anywhere else other than ICE poker tables? Do they spend money in the wearable market? Do they create themselves? Are they actively contributing to the community outside of ICE? Genuine question not trying to roast anyone. It’s 2022 and web3 there are ways to prove these metrics. If you can measure user percentage you can segment traffic. How are you skipping the cliff and vesting mechanisms clearly listed in the Docs and DAO policies? While other projects that are directly related to community members take months to enact/complete? How is a POLL being used to get GRANT money? What’s the point of grant request then? How can they just go above the $240k grant the shes hole by 4x ? @HPrivakos @0xMiles you said this is “temporary” what do you mean by that? Do you intend to pay that back to the DCL DAO? If so, this is a “loan” not a grant. And if it’s a loan it should come with interest like web2 loans. That is what is being used here right? Wen2 tactics? “We have big player base and big money we skip rules and system infrastructure” like hello? Gorl. I get that DG should be recognized for bringing players into the space, but let’s not forget that a ton of people just lost a ton of money on the recent decline so asking for more money just seems weird when @0xMiles brags about treasury worth and validity of what the team can accomplish.

TheCryptoTenguMay 21, 2022

If wasnt for Friends ive made and being a ice wearable owner id probably bail on decentraland. DG is indeed making a mobile use case. They have literally said nothing about leaving decentraland. I dont know where people are getting that bs. The mobile app is a another way for people to play its a expansion to DG not a we are leaving the metaverse. They own over 1000 plots, host events multiple times and even hired Decentraland Users who are music artist. Add on top the multiple nft projects they collab with who do bring in people. I dont know where people are getting the bs that DG is leaving and not a benefactor to Decentraland. Half the current user base is Ice players and Owners. To be fair tho DG did make mistakes with exploits. They did imo pump out to many wearables.One hand washes the other As a guild owner i would like to see more players participate in events. Giving them a way to stake ice for mana is a way to get those players into the economy and into the dao. Some will some wont it will however also boost those of us who are invested in Decentraland tho as There is a percent of Ice owners and Players who are already a part this eco system. DG is a benefactor to Decentraland a lot more then people are giving it credit so im vote yes. This is a one time thing tho DG needs to get its act together. Decentraland needs to as well with the female walk animation and smart wearables thats another topic tho.

tomasuMay 21, 2022

Voted No. Main reasons: - A mobile client is being built for ICE poker. They are moving away from DCL anyway. - The DCL grants are for paying creators who build on DCL (DG included) but not for sustaining price of any tokens