Hey @turrizt! Sure thing - the weighting method is the same as last time. And just to make sure it’s clear to everyone, here is a more detailed explanation:
- After we finish the snapshot, each team will have a clear percentage of the total vote.
- This percentage is then multiplied by the Tranche 2 amount (4.5M GLMR).
- If a team receives less than $250k worth of GLMR (based on a 7-day TWAP), than this team is not eligible.
- If a team receives more than 2M GLMR, then the excess will be redistributed among the other ELIGIBLE participants.
So let’s make an example in here with 4 participants, Project Alpha, Project Beta and Project Charlie and Project Delta.
Results:
- Alpha 50%
- Beta 25%
- Charlie 20%
- Delta 5%
First step is to see if they reached the minimum GLMR amount:
Considering, as an example (example only!!) 1 GLMR @ $0.28 (7-day TWAP from the day the snapshot is completed), the minimum amount is 892k GLMR.
- Alpha 50% = 2.25M GLMR (eligible)
- Beta 25% = 1.125M GLMR (eligible)
- Charlie 20% = 0.9M GLMR (eligible)
- Delta 5% = 0.23M GLMR (not eligible)
Now we only have 3 participants: Alpha, Beta and Charlie.
Since Alpha received more than 2M, the remainder 0.25M will be equally distributed among the other ELIGIBLE participants.
Beta and Charlie both receives 0.125M each. Final results:
Alpha: 2.0M GLMR
Beta: 1.25M GLMR
Charlie: 1.025M GLMR