Summary
Add dual incentives to the TPT<>LUNA pool on Astroport ($TPT & $ASTRO token emissions). The purpose of this proposal is to receive feedback from the community about this idea and gather thoughts regarding the rewards before raising a poll.
Abstract
Terra Poker (TP) is the first P2E Texas Hold’em game on the Terra network. With a vibrant community and a user-focused interactive game experience, Terra Poker has reached popularity and recognition by the Terra Community.
It has been one of the most liquid/active tokens on the Astroport DEX, generating large fees for the DEX and the Terra Ecosystem. The TPT token is the primary token of the TP game, but also one that is a true utility token. The value accrual of the TPT is inherent in the team’s planned roadmap as more users play, new events are held, and tournament style games are generated.
According to analytics on TFM.com, fees generated on Astroport by TPT’s liquid volume averaged over 5% over the past 7 days, only 2 weeks after launch. Furthermore, it is the largest pool in Astroport only after the LUNA/USDC, ASTRO and LunaX/LUNA pairs, and remains among the top 5 ranks in traded volume, as seen on both Astroport and Coinhall’s dashboard.
As Terra Poker continues the momentum, we believe that the Astro Community and the Terra Ecosystem will continue to benefit from the liquid
Please refer to and read more about Terra Poker, including our $TPT Tokenomics, on the docs linked: TP Litepaper.
Motivation
To reduce price impact and volatility for $TPT and ensure that there is maximum continuity in its utility, Terra Poker will provide a total of 150,000,000 $TPT over 10 years distributed according to the schedule below:
| Genesis | y1 | y2 | y3 | y4 | y5 | y6 | y7 | y8 | y9 | y10 |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 6 | 3 | 2 | 1 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 |
As such, the first year of expected LP incentives is 60,000,000 TPT.
Specification
In order to grow the TPT<>LUNA pool and protect the TP funds, we propose a dual incentive campaign involving both $TPT and $ASTRO tokens.
We propose that the Astral Assembly provides rewards equivalent to 8,220 ASTRO tokens per day (3,000,000 ASTRO per year), especially in light of the LP size and consistent trading volume.
Estimated dual rewards APR for the first year is shown below for various levels of liquidity.
| Liquidity in TPT-LUNA Pool | TPT Rewards APR | ASTRO Rewards APR | Total APR |
|---|---|---|---|
| $1,000,000 | 456.00% | 30.00% | 486.00% |
| $2,000,000 | 228.00% | 15.00% | 243.00% |
| $5,000,000 | 91.20% | 6.00% | 97.20% |
| $10,000,000 | 45.60% | 3.00% | 48.60% |
| $20,000,000 | 22.80% | 1.50% | 24.30% |
(estimated APR values assume that $TPT = $0.076 and $ASTRO = $0.1)