[FINAL] WINR Protocol STIP Addendum

Archive STIP Bridge Addendum
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[WINR Protocol] STIP Addendum

Information about STIP/STIP Backfund

  • Can you provide a link to your previous STIP proposal (round 1 or backfund)?
  • How much, in the previous STIP proposal, did you request in ARB?

499.850 ARB

  • What date did you start the incentive program and what date did it end?

Start Date: 13.11.2023 00:00 End Date: 12.02.2024
13 Weeks

  • Could you provide the links to the bi-weekly STIP performance reports and Openblocks Dashboard?

https://forum.arbitrum.foundation/t/winr-protocol-bi-weekly-update-13-2-2024/19627
 https://dune.com/0xroll/winr-stip-incentives

  • Could you provide the KPI(s) that you deem relevant for your protocol, both in absolute terms and relative change, for the first of each month starting from October 2023 until April 2024, including the extremes?

TVL and income of WLP

The growth in both the TVL and price of the WLP during the STIP period highlights the program’s beneficial impact.

1189Ă—347 24.5 KB

975Ă—338 65.1 KB

975Ă—398 41.2 KB

Daily Active Users (DAU)

1259Ă—342 13 KB

975Ă—399 83.6 KB

DegensBet Weekly Overview

839Ă—342 13.3 KB

932Ă—509 26.3 KB

JustBet Overview

1344Ă—354 17.2 KB

925Ă—505 25.1 KB

  • [Optional] Any lessons learned from the previous STIP round?

Our growth metrics achieved were in line with our projections. However, we learned the importance of more dynamic incentive structures to better respond to market changes and player engagement levels.

New Plans for STIP Bridge

  • How much are you requesting for this STIP Bridge proposal?

250,000 ARB

  • Do you plan to use the incentives in the same ways as highlighted in Section 3 of the STIP proposal? [Y/N]*
    N

  • [Only if answered “no” to the previous question] How will the incentive distribution change in terms of mechanisms and products?*

Execution Strategy:

Acquiring New Players and increasing volume for JustBet and DegensBet through competitions.

JustBet - 150.000 ARB

For months 1-3

New Players:

For players who connect their wallet and play JustBet for the first time the protocol offers a cashback directly to their wallet. 10% cashback on the first bet loss, up to $10 in ARB.

Target: Increase the number of new players each month.
Metric: Count of new wallets connecting and placing their first bet.
Expected: 500 New Users Monthly
Condition: 10 Bet Minimum and Limited for first 1000 New Commers.
ARB allocated: 10,000 ARB

Top Players By Volume:

The protocol will reward the players with the most bet volume over a month.

  • 1st place - 5,000 ARB
  • 2nd place - 3,000 ARB
  • 3rd place - 2,000 ARB
  • 4th-6th - 1,000 ARB
  • 7th-10th - 500 ARB

Target: Boost player participation in betting competitions.
Metric: Monthly participation rates in scheduled competitions.
Expected: 300 Participants for each Competition
ARB allocated: 15,000 ARB

Top Players By Bet Amounts:

The protocol will give rewards to those who place the most bets during the month.

  • 1st place - 5,000 ARB
  • 2nd place - 3,000 ARB
  • 3rd place - 2,000 ARB
  • 4th-6th - 1,000 ARB
  • 7th-10th - 500 ARB

Target: Increase the total betting volume from top players.
Metric: Total ARB wagered by the top 10 players.
Expected: Monthly 8M USD Volume
ARB allocated: 15,000 ARB

High Roller Reward

For the players making large bets.

Highest roller - 50% cashback on the loss, up to $500 in ARB.

Target: Engage players making large bets.
Metric: Number of bets over 500+ USD.
Expected: 2M USD High Roller Volume.
ARB allocated: 2,000 ARB

Users with an average game volume above $500 will be considered as high rollers.

Luck-Based Drawings

Every participant who bets over a week threshold into a drawing for prizes. The minimum bet amount is $10 to be eligible for the reward.

  • 6 Lucky Winners each week.

ARB allocated: 6,000 ARB
Target: Maintain active weekly participation in luck-based drawings.
Metric: Number of eligible participants per week.
Expected: 700 Participants for each drawing.

Bad Luck Compensation

The protocol offers a prize for the player with the biggest net loss during the competition.

  • Biggest loser - 50% cashback on the loss, up to $500 in ARB.

Target: Provide support to players with net losses to encourage continued engagement.
Metric: Total ARB distributed as bad luck compensation.
Expected: 25% Volume increase in existing user base
Condition: 10 USD Worth Bet minimum in a single transaction to participate.
ARB allocated: 2,000 ARB

Total ARB allocated for JustBet(Monthly): 50,000 ARB

Unused rewards will be transferred to the next week.

DegensBet - 100,000 ARB

For months 1-3

New Traders:

For traders who connect their wallets and trade on DegensBet for the first time we offer cashback directly to their wallets.

  • 50% cashback on the first loss, up to $10 in ARB.

Target: Increase the number of new traders each month.
Metric: Count of new wallets connecting and trading for the first time.
Expected: 250 New users monthly
Condition: Total 10 Positions Minimum for each trader and Limited for first 1000 New Commers.
ARB allocated: 10,000 ARB

Top Players By Volume:

The protocol will reward the traders with the most volume over a month.

  • 1st place - 4,000 ARB
  • 2nd place - 2,500 ARB
  • 3rd place - 1,500 ARB
  • 4th-5th - 1,000 ARB

Target: Increase total trading volume from top traders.
Metric: Total ARB traded by top traders.
Expected: 50% Volume increase in Top 10 Traders
ARB allocated: 10,000 ARB

Top Players By P&L:

Traders who achieve the highest net profits will be rewarded.

  • 1st place - 4,000 ARB
  • 2nd place - 2,500 ARB
  • 3rd place - 1,500 ARB
  • 4th-5th - 1,000 ARB

Target: Reward traders achieving high net profits.
Metric: Total net profit generated by top traders.
Expected: 25% increase over user in profit
ARB allocated: 10,000 ARB

Bad Trade Compensation

The protocol offers a prize for the trader with the biggest net loss during the competition.

  • 1st place - 50% cashback on the loss, up to $500 in ARB.
  • 2nd place - 50% cashback on the loss, up to $250 in ARB.
  • 3rd place - 50% cashback on the loss, up to $100 in ARB.

Target: Provide compensatory rewards to traders with the biggest net losses to encourage risk management.
Metric: Total Volume Increase
Expected: Reaching 500M+ USD Volume in Positions
ARB allocated: 3,333 ARB

Total ARB allocated for DegensBet(Monthly): 33,333 ARB

Unused rewards will be transferred to the next week.

  • Could you provide the addresses involved in the STIP Bridge initiative (multisig to receive funds, contracts for distribution, and any other relevant contract involved), and highlight if they changed compared to the previous STIP proposal?

Contracts incentivized over the STIP Period:

gWLP & WLP Airdrop Root Set: 0x02096E51673ca0Af815234c94e7ba23F9e00C365
 JustBet Lottery & Degens Contest Airdrops: 0xAd6795cb75E02D7fe8d336B3Fff855F276Afc385
 JustBet Lottery Raffle Contract: 0x02096E51673ca0Af815234c94e7ba23F9e00C365

  • Multisig to receive the incentives: [Multisig Address]

0x221b0439B50DBCA3F6Fc698d74636caBeAF96307

  • Contracts that will distribute the incentives: [Contract Addresses]

JustBet & Degens Contest Airdrops: 0xAd6795cb75E02D7fe8d336B3Fff855F276Afc385
 JustBet Lottery Raffle Contract: 0x02096E51673ca0Af815234c94e7ba23F9e00C365

  • Could you share any feedback or suggestion on what could be improved in future incentive programs, what were the pain points and what was your general evaluation of the experience?

Overall, the process was constructive.

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Hello @WINRProtocol ,

Thank you for your application! Your advisor will be SeedLatam Gov @SEEDGov

Please join the LTIPP discord and ping your advisor in the general chat so they can create a new channel and start communicating with you.

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Hi @WINRProtocol we are waiting for you in the discord !

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Following feedback on the proposal to establish the STIP Bridge, it was agreed to involve the LTIPP Advisors in this process with the mission to “help applicants gain insights into their proposals. This not only guides applicants through the process but also ensures that the DAO will review better proposals.”

Despite the inclusion of Advisors, this process does not involve the Council, leading us to believe that this addendum places a significant burden on the delegates who must review all the proposals. One of the reasons for the LTIPP was precisely to avoid this excessive burden. Moreover, the optimistic model adopted in this phase could raise concerns about the real control the DAO will have over these proposals, as reviewing six months of data for each applicant is time-consuming.

For this reason, we decided to accompany each application we reviewed with a brief report. We ask the delegates not to take this as an in-depth or definitive basis for deciding your vote, but rather as a high level overview that can potentially raise questions for your own analysis.

Regarding WINR, STIP KPIs were:

According to OBL, throughout the duration of the incentives, the protocol was able to maintain its TVL but not increase it. After the incentives ended, there was a gradual decline—though not a steep drop. Regarding DAU, while the objective was not met, the protocol succeeded in maintaining a base of active users.

Notably, the volume significantly exceeded the KPIs (JustBet + DegensBet), maintaining high volumes even after the incentives had ended.

In this new iteration, the WINR team has modified the distribution of its incentives, which are now 100% oriented towards daily platform users. It’s also important to highlight that betting protocols like these require strong marketing campaigns (KOLs, events, etc.) to gain traction and adoption since they target retail users (non-DeFi). Although the WINR team requested funds for marketing campaigns during the STIP, these were denied as social participation incentives were not permitted.

For more information on the applicant answers, please check the Discord.

Conclusions

While not all KPIs have been achieved, we believe that with the recent modifications to the proposal, the WINR protocol could perform better. We also encourage the delegates and the DAO to be more open in funding marketing campaigns, enabling retail-oriented protocols to attract more users.

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Proposal for Modifying WINR Protocol’s STIP Bridge Grant Executive Strategy

WINR Protocol has been successfully awarded a grant under the Arbitrum STIP Bridge program. Initially, the proposal included distributing rewards across two platforms: JustBet and DegensBet. However, as WINR Protocol advance in development strategy, we have identified a more impactful approach to deploying these rewards to better align with long term objectives for each ecosystem partner.

Proposed Changes

To maximize the impact of the STIP Bridge grant, we propose the following adjustments to our original plan:

Withdrawal of DegensBet Rewards:

Original Plan: The initial proposal allocated 100,000 ARB for DegensBet, aimed at incentivizing traders through various rewards such as cashback on losses, top trader rewards by volume and P&L, and compensation for bad trades.

Proposed Change: We propose to withdraw this allocation from DegensBet and reallocate these funds to support liquidity providers (LPs) on WINR Chain.

Focus on Liquidity Provision for WINR Chain:

Rationale: WINR Protocol’s primary focus has shifted towards building a cutting-edge Layer 3
solution designed to optimize and accelerate game development and other dApps. This shift is strategic, as we believe it will create a stronger, more sustainable ecosystem that benefits all participants. Attracting and retaining new users and liquidity for the WINR Chain is essential to the success of this roadmap.

New Allocation:
The 100,000 ARB initially set aside for DegensBet will now be used for a weekly distribution to LP (formerly known as WLP) holders. This distribution will be based on the amount and duration of LP token holdings, incentivizing sustained liquidity provision and engagement within the WINR Chain ecosystem.

Maintaining JustBet Rewards:
Unchanged Plan: The incentives allocated for JustBet (150,000 ARB) will remain as originally proposed. These incentives include cashback for new players, rewards for top players by volume and bet amounts, high roller rewards, and luck-based drawings, among others. This ensures that JustBet continues to grow its user base and engagement without disruption.

Execution Strategy for WLP Rewards
Weekly Distribution: The reallocated 100,000 ARB will be distributed weekly to LP holders based on their token holdings. This approach encourages participants to provide liquidity and retain their positions, thereby supporting the overall health and growth of the WINR Chain.

Incentive Structure: Rewards will be scaled according to the volume and holding period of LP tokens, with a clear focus on rewarding long-term participation. This aligns with our goal of creating a stable and thriving Layer3 environment on Arbitrum Orbits.

Expected Outcomes
Increased Liquidity: By redirecting rewards to LP holders, we expect to see a significant increase in the total value locked (TVL) on WINR Chain, creating a more robust and liquid market.

Sustained Ecosystem Growth: The shift in focus from DegensBet to WINR Chain liquidity provision aligns with our broader objective of establishing a sustainable and scalable ecosystem. This approach is expected to attract both new participants and retain existing ones through continuous incentives.

Alignment with Arbitrum’s Vision: This modification supports Arbitrum’s strategic focus on advancing Layer3 solutions through Arbitrum Orbits, fostering innovation and growth within its ecosystem.

Conclusion

We believe that these modifications will better serve the goals of both WINR Protocol and the Arbitrum STIP Bridge program. By focusing on liquidity provision through WLP rewards, we aim to create a more vibrant and sustainable ecosystem that benefits all stakeholders.

We respectfully request approval of these proposed changes to our original STIP Bridge grant application.