Programmability and capital efficiency are central to the vote incentive marketplace. That is why Pitch Money was one of the first DeFi vote aggregation products that allowed protocols to customize pitching costs. The Capital Efficiency Ratio in our Governance Console allowed protocols to specify how much they are willing to reward voters for each dollar they earn in emissions. But how can we improve this further with voters as our first priority?

More Efficient, More Customizable

The goal of the Governance Console’s Capital Efficiency Ratio was twofold: de-risk the pitching process and retain incentive programmability. But the CER still placed protocols one abstraction from their voters. 

As with the CER, protocols can specify a precise price per vote figure to maximize ROI, lower incentivization costs, and aid with price discovery. However, with Priced Pitches, voters also benefit from increased reward transparency. 

Rather than relying on previously floating $/ve token figures, Priced Pitching reduces information asymmetry by displaying a fixed yield figure for their votes. For example, with a static $/veToken of $1, voters can accurately evaluate their estimated reward given their veToken allocation for any one gauge. We value transparency for voters, and with Priced Pitching, our goal is to remove the guesswork in gauge voting to stabilize healthy yields.

Priced Pitching also creates a capital efficient and competitive vote marketplace. With fully transparent yields, Priced Pitching entices protocols to provide the best possible yields for voters or risk being crowded out by their competitors. It places the voters at the center of their ecosystems’ governance, staying true to the core of DeFi. 

Voters make governance possible. With Priced Pitches, we want to empower these voters by placing them in direct conversation with protocols, all while maximizing emissions for incentivized gauges. 

Learn More

We’re a group of open-source contributors and actively encourage members of the community to get involved. Keep in touch with us on Twitter where we post regular updates on the DAO and our numerous DeFi products. Got feedback? Drop us a line in our Discord to voice your thoughts!

All Content in this publication is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in this Post constitutes professional and/or financial advice, nor does any information therein constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. 

There are risks associated with investing in cryptocurrencies and participating in decentralized governance. Pitch encourages all interested parties to undertake appropriate precautions before making any investments or participating in governance measures.

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