WINR Protocol Bi-Weekly Update 28.11.2023
Recap of the Previous Week
ARB Received Last Disbursements: 76,900
ARB Utilized as Incentives in the last weeks: 76,900
- WLP Incentives: 30,800 (40%)
- JustBet Lottery Incentives: 23,000 (30%)
- DegensBet Trading Incentives: 23,100 (30%)
- Total: 76,900
Contracts incentivized over the last week:
gWLP & WLP Airdrop Root Set: 0x02096E51673ca0Af815234c94e7ba23F9e00C365
JustBet Lottery & Degens Contest Airdrops: 0xAd6795cb75E02D7fe8d336B3Fff855F276Afc385
JustBet Lottery Raffle Contract: 0x02096E51673ca0Af815234c94e7ba23F9e00C365
**Contract address label Form 1 completed for all addresses: Completed
ARB left over: 384,500
Plan for leftover ARB: Will be allocated for the next week as per STIP plan
Summary of incentives: WINR Protocol has been allocated a total of 461,400 ARB tokens, designated for providing user incentives. This incentive period is set to span 12 weeks, commencing from November 13, 2023. During this time, users have the opportunity to earn ARB rewards by engaging in games on JustBet or initiating trades on DegensBet. Additionally, users may opt to contribute liquidity in the WLP to qualify for ARB incentives.
Additional Info / Disclosures to Multisig: N/A
STATS
Average daily TVL: $3,357,226
Average daily transactions: 1.335 Tx
a. JustBet: 1075 Tx
b. DegensBet: 260 Tx
Average daily volumes:
Number of unique user addresses: 2,404
Transaction fees: 0.0002 ETH - 0.0005 ETH
Link to Dashboard showing metrics: https://dune.com/0xroll/winr-stip-incentives
Plan For the Next Two Weeks:
Amount of ARB to be distributed: 34,450
Contracts that will be incentivized:
gWLP & WLP Airdrop Root Set: 0x02096E51673ca0Af815234c94e7ba23F9e00C365
JustBet Lottery & Degens Contest Airdrops: 0xAd6795cb75E02D7fe8d336B3Fff855F276Afc385
JustBet Lottery Raffle Contract: 0x02096E51673ca0Af815234c94e7ba23F9e00C365
Contract address label Form 1 completed for all addresses: Completed
Mechanism for distribution incentives:
1. WLP & gWLP - Weekly Liquidity Provider Rewards
Total Weekly Allocation: 15,400 ARB
Structure: Rewards under the gWLP & WLP category are allocated for WLP (Winr Liquidity Pool) and gWLP (Genesis Winr Liquidity Pool) contributors and are disbursed on a weekly schedule according to weight in the pool.
2. JustBet (JB) Lottery Rewards:
Total Weekly Allocation: 11,500 ARB
Distribution:
First Place: 6,930 ARB (60%)
Second Place: 3,465 ARB (30%)
Third Place: 1,155 ARB (10%)
Mechanism: For every 10+ USD wagered, participants earn one lottery ticket. The winners are determined through a verifiable random function (VRF) call at the end of each week.
3.a Degens Contest Rewards:
Total Weekly Allocation: 8,085 ARB
Total Allocation for Top 5 in Trading Volume:
First Place: 8,085 ARB (70%)
Second Place: 3,234 ARB (40%)
Third Place: 2,021.25 ARB (25%)
Fourth Place: 1,212.75 ARB (15%)
Fifth Place: 808.5 ARB (10%)
Criteria: The rewards are determined based on the highest trading volumes achieved on the platform.
3.b Rewards for Top 5 Most Profitable Users Weekly:
Total Allocation: 3,465 ARB (30%)
Distribution:
First Place: 1,386 ARB (40%)
Second Place: 866.25 ARB (25%)
Third Place: 519.75 ARB (15%)
Fourth Place: 346.5 ARB (10%)
Fifth Place: 346.5 ARB (10%)
Criteria: This category rewards the top five users who achieve the highest profitability each week.
Summary of incentives plan: No changes to the current plan are being made.
Summary of changes to the original plan: No changes to the current plan will be made.