PoolTogether is a no-loss lottery built on Compound. Several weeks ago a UNI prize pool was launched, and now PoolTogether supplies ~1.14% of UNI in the Compound Market. If PcUNI was added as a voting token, it would be easier to reach the 10% quorum on Snapshot as required by the Community Multisig. Users of PoolTogether would be able to participate in Uniswap Proposals thanks to Snapshot and the multisig.
Users of PoolTogether deposit UNI in exchange for PcUNI tokens. They are exchanged at a rate of 1:1. They would need to be weighted to match cUNI, but @arr00 says it’s straightforward to do.
COMP holders voted in proposal 29 to delegate market UNI to a multisig that votes according to a cUNI Snapshot vote. We believe the spirit of this proposal is preserved, as PcUNI holders are cUNI holders by close proxy.
We think it makes the most sense to create a Snapshot meta-proposal for the cUNI token holders, so they can decide whether to approve of PcUNI voting.
We’d like to hear what the community thinks of this proposal before we move forward with it!
For context the present PoolTogether team is myself and @lay2000lbs