AELIP-13: Incentivized Pools

Author
StatusImplemented
ImplementorTBD
ReleaseTBD
Created2022-03-10

Simple Summary

This AELIP proposes to incentivize the creation of pools to bootstrap activity on the Aelin Protocol. 30 $AELIN will be set aside to provide incentives for both sponsors who provide deals and investors who accept those deals.

Abstract

After a recent set of UI updates the Aelin Protocol is ready to start increasing the amount of deal flow on the platform. 30 $AELIN tokens have been set aside to incentivize pool creation through additional rewards for protocol participants.

For every $1 USD of value of a deal accepted by investors, the program will award sponsors 2% of that value in $AELIN tokens with a cap of 2 $AELIN per pool. Additionally, investors will be awarded 3% of their accepted deal value in $AELIN tokens with a cap of 0.2 $AELIN per investor. To qualify, a deal must raise at least $200K worth of capital.

Motivation

Aelin protocol contracts have been completed and the UI has been the backlog for putting deal flow on the platform. However, the initial UI updates are ready, which means it is time to start onboarding participants. In order to kickstart the process, the protocol will reward sponsors and investors in addition to their regular incentives for finding and accepting deals.

Specification

N/A

Overview

Incentivised Aelin Pools

  • Amount: 30 $AELIN
  • Deadline: End of May, UTC time
  • Minimum deal accepted to qualify: $200K USD equivalent in Investment tokens. Investment tokens without a market value do not qualify
  • Sponsor award is 2% of total value of accepted deal tokens in $AELIN (capped at 2 $AELIN per pool)
  • Investor award is 3% of their accepted deal token value in $AELIN (capped at 0.2 $AELIN per investor)
  • All deals will be reviewed by the Aelin Council and any sponsor or investor trying to game the rewards program may be omitted from rewards on a case by case basis (e.g. sponsor does not provider a legitimate deal or by a larger investor splitting funds across many small wallets in a single deal)
  • Once the incentives for all 30 $AELIN tokens have been finalized or the deadline is reached (whichever is first), a merkle drop contract will be deployed for participants to claim their AELIN rewards.
  • the price of the Investment tokens and AELIN tokens used in the calculations will be taken from market rates on coingecko at the time of the award distribution after the program concludes.

Rationale

Aelin is a permissionless protocol. While we will also engage in sponsor, protocol, and investor outreach programs outside of these incentives, this program is a nice way to allow anyone on the Internet interested in being a sponsor or investor an extra incentive for participating without needing to be directly contacted by an outreach program.

Technical Specification

N/A

Test Cases

N/A

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