Title: Improve Trove CR Rank Visuals
Proposal Chain: Optimism
Proposal Type: OATH Governance Proposal (OGP)
Proposal Author: coop
Date: 01/27/2024
Executive Summary:
This proposal seeks to improve the visual representation of the CR Ranks and CR % of collateral troves for users
Proposal Motivation:
Reason for Submission:
Many users have complained the current trove CR ranking is confusing and has led to unexpected redemptions. This seems to be a combination of confusion of what CR Rank means and not knowing how close users are to getting redeemed. For example, the higher the CR Rank, the more likely your trove is redeemed against, but the higher the CR %, the safer it is.
Potential Conflicts of Interest:
No conflicts of interest have been identified
Justification:
Users have reported confusion and unpleasant experiences with troves being unexpectedly redeemed.
Proposed Solutions:
The proposal is to use improved visuals so users are able to understand their risk better.
Proposal Specifics:
Create a visual, or multiple visuals, on the Dashboard and/or Analytics page that demonstrates the following:
CR%, possibly with color coding to represent how risky the CR% is
Number of troves in the respective collateral that are a lower CR% than yours
An easy (and fun) visual to understand would be something like Pac-Man. Of course, Pac-Man is understood as something that moves in a linnear pattern and consumes. This could also be an opportunity to bring back Reaper Farms mascot, Scully, since a reaper would be fitting.
Whatever we choose to serve as the representative of the risk, which we’ll just refer to as Pac-Man as the stand-in for now, it would be portrayed on the visual with the trove most in danger closest to it. It should be chosen carefully in case anyone should develop a negative association from it.
If you have a trove, it will show you how many troves are between you and being next to be redeemed.
Key Objectives & Success Metrics:
Objectives:
- Improve user experience
- Increase interest in the trove analytics
Success Metrics:
- Reduced number of complaints about being redeemed
- Community approval of the visuals
Length of Engagement & Budget Breakdown:
No budget requested. Seeking community feedback.
Community Support:
Feedback from the community would be needed to get feedback on the new visuals
Partnerships:
N/A
Risk Assessment:
Potential risks:
People don’t like the visuals
Users are still confused by the visuals
It could be counterproductive becaus of efforts not known to the author
It takes a time and resources that could be better spent elsewhere
Additional Details:
A benefit of making the visuals more interesting is it opens the door for social media content, such as a Tweet/X post every time there’s a redemption featuring an amusing graphic, and perhaps mentioning the amount of rewards going to staked users. This could help get more eyes on the ecosystem and increase “stickiness” of participation. However, this is not in the scope of this proposal.
