Whitelist Embr on VIP

Initia Governance VIP
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0. Proposer Info

1. TL;DR

This proposal requests the whitelisting of EMBR.fun to Initia’s VIP (Vested Interest Program).

2. Background

2-1 About the Project

  • Protocol Name : EMBR.fun
  • Protocol Blurb: Embr Labs is building EMBR.fun, the native launchpad on Initia that gamifies the stack to produce the strongest tokens and memes.
  • Protocol Type : Launchpad / Gaming
  • Docs : TBD
  • Audits : TBD

3. Rationale & Impact

  • Motivation and benefit to the Interwoven Economy :
    • EMBR.fun completely revamps launchpad dynamics and mechanisms to redefine how all users, traders, and players can win. We embed a liquidity concentrating game into our dynamic trading and token graduation system that –
      • maximizes payouts for users – on top of traditional market based returns
      • coalesces capital into the strongest tokens (graduation system dynamics)
    • Launch tokens and other memes – assign yourself and other co-creators for passive royalties from trading fees on your token
    • Trade tokens on our in-housed bonding curve and AMM, LP token pairs into AMM. Graduation system is dynamic based on thresholds of the epoch and the most recent token that has graduated –
      • Trading fees are recycled back into our system through royalties or into our rewards vault.
    • Play Chains of Chaos (COC) to collectively champion memes, reshuffle liquidity, & make leveraged bets
      • Players win payouts based on performance in COC and risk that is taken (staked collateral)
      • Results of COC directly shapes the meme landscape on Embr
    • Native EMBR points / tier system
      • EMBR points are synergistic with VIP as each tier grants decreased trading fees, improved user stats for COC, and perks in future feature releases
  • EMBR Points
    • EMBR points are awarded for every action done on our platform. These general categories will be awarded points:
      • Trading
      • Battling on the chains of chaos (+ other games down the road)
      • Creation
    • The general rule of thumb is $1 traded grants 1 EMBR point, and this will apply to other activities at an equivalent ratio.
  • Capy Tiers
    • Based on the amount of points earned, your capy avatar will evolve and level up. Each level up grants you
      • Decreased trading fees
      • Increasing EMBR points multiplier
      • Extra stat points to allocate to your base stats
      • and more…
    • There are a total of 21 levels, and every 3 levels grants your capy a visual upgrade!
    • Capy levels are maintained by accruing sufficient EMBR points every 2 week VIP epoch. Amount of points needed to maintain is dependent on tier.

TLDR; every action you perform on EMBR gives you points => levels up your capy => grants benefits and boosts on your EMBR journey => helps maximize your winnings.

  • VIP Scoring Criteria (Details)
    EMBR.fun is an entire economy of many moving parts – therefore, we take an allocation VIP based approach to ensure material VIP rewards can be distributed to all users of different play styles. This implies that we use the following internal breakdown –
    UserVIPscore=VIPcreation′+VIPCOC′+VIPpoints′+VIPtier′

such that,

  1. VIPx/VIPscore follows the below allocations (i.e. 50% of Embr VIP allocation will be given to meme creators)
  2. VIPx′ is the user’s scaled score in that category to normalize across all categories.

Our breakdown is as follows:

  • [Meme / Token Creation] - 40%
    • Creators earn VIP score based on the total volume traded for their tokens created during the current VIP epoch. Your allocation is determined by ∑epochYour_Tokens’_Volume∑epochTotal_Volume
  • [Chains of Chaos] - 30%
    • Players are awarded VIP based on game participation and performance:
      • Collateral staked, relative to all collateral staked during the round - 15%
      • Participants who use pre-graduation memes as collateral - 10%
      • Your W/L record, skill component - 5%
    • Participation is defined as: staking collateral and playing the game fully.
  • [Accrued EMBR points during epoch] - 20%
    • This component of VIP is awarded linearly based on amount of EMBR points accrued during the epoch.
  • [EMBR Tier based VIP points] - 10%
    • Maintaining your capy tier unlocks our passive VIP yield, as an example:
      • Lv 3: 50 VIP points
        • Lv 4: 100 VIP points
        • Lv 5: 200 VIP points
        • Lv 6: 300 VIP points
      • Lv 7: 500 VIP points
      • Lv 8: 750 VIP points
      • Lv 9: 1000 VIP points
      • etc
    • Qualification is based on capy tier at the end of the epoch.
    • Note : The numbers above are meant to serve as an example only, final numbers for passive VIP will be announced prior to mainnet.

4. Proposal Details

Field Value Example Description
Operator Address init14c4zyrujlvuczk9asyh55cvfux0yf3xe3gm3na init1wul4rtjagr0cnrqey4ewl98j3v2uthapeh6q0vfns35d35l8qamsfc9gxu The address eligible to claim a portion of the VIP rewards allocated to the rollup team as commission. This address does not need to be a system key (like admin or bridge executor).
Bridge ID 29 938 An identifier automatically generated during the setup of the bridge between the Rollup and Initia.
Bridge Address init1gespwmau6he43fqdkjr3avxvr7rshteec8lh3lkfawlze7hvyg7sh7v5nn init1wul4rtjagr0cnrqey4ewl98j3v2uthapeh6q0vfns35d35l8qamsfc9gxu The L1 address where tokens are locked when bridging from L1 to L2. This address is auto-generated during bridge setup.
Scoring Contract Address 0x18dEe45514cAd3cd1A4658965a6C045BEb5a1006 init1qa4hswlcjmttulj0q9qa46jf64f93pecl6tydcsjldfe0hy5ju0set9tc9 The contract deployed on the rollup that assigns VIP scores to users. These scores are snapshotted on L1 and used to build a Merkle tree for VIP reward distribution.
Operator Commission Max Rate 0.1 0.2 The maximum commission rate the rollup can configure.
Operator Commission Max Change 0.05 0.2 The maximum allowed change in the commission rate per update. For example, if OCR is 0.3 and OCMC is 0.2, OCR can only be adjusted between 0.1 and 0.5.
Operator Commission Rate 0.05 0.2 The actual commission rate. If 100 INIT is distributed and OCR is 0.2, the rollup team receives 20 INIT.
VM EVM EVM The VM type of the rollup is using.

Governance Votes

  • YES – You support whitelisting this rollup on VIP with the parameters provided.
  • NO – You do not support adding this rollup on VIP.
  • NO WITH VETO – You believe this proposal is harmful, spam, or violates governance principles.
  • ABSTAIN – You choose not to vote for or against but wish your vote to count toward quorum.
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Hi all, we are proposing a couple changes to the Embr.fun VIP scoring metrics – specifically changing the qualifications for collateral weighing / participation in Chains of Chaos. This is to strengthen the link between our pregrad memes and the Chains of Chaos.

[Before] – Collateral staked, relative to all collateral staked during the round - 15%
[New] – Pregrad collateral staked, relative to all pregrad collateral staked during the round - 15%

[Before] – Participants who use pre-graduation memes as collateral - 10%
[New] – Participants in general - 10%

We will also be changing our number of levels from 21 → 70. This will not change the core mechanism of how the tier based VIP will function.

4

[OUTDATED – KEEPING FOR RECORDS]

We are proposing some simplifications to the Embr.fun VIP scoring process. We previously had a multiple number of conditions that were intended to bring diversity to actions people could do on Embr, but found that this led to myopic optimization and was less effective overall in rewarding our most valuable users. You can see our old criteria here – Whitelist Embr on VIP - #2 by ringwraith10

This new scoring maintains the allocation based criteria that we instantiated during epoch 2, but simplifies the criteria. To increase their VIP score — users can hold, create, trade memes and play COC. The new scoring will begin for Epoch 4.

Now

40% to Holders of Top 5 Tokens [Positions]

  • Top 5 tokens are top 5 tokens by market cap
  • This is scored for each holder as Sum S_i = D x T x M_i where D is dollar notional at buy, T is time held, and M is market cap at end of epoch, and i is over the top 5 tokens
  • This is weighted linearly by the above scoring for each user.

30% to Creators of Top 5 Tokens [Creators]

  • This is allocated to creators of the top 5 tokens by market cap determined at end of epoch. The top token will receive 10%, the second will receive 8%, the third will receive 6%, the fourth will receive 4%, the fifth will receive 2%.
  • Creators are not eligible for the above holder allocation on their own token (cannot double dip across the meme holder category for own token)

20% to [Trading]

  • This component of VIP is given linearly based on trading volume during the epoch.

10% to [COC]

  • This is allocated to participation in Chains of Chaos weighted by amount of collateral used. Here, participation continues to mean staking and playing Chains of Chaos through fully.

Previously

[Meme / Token Creation] - 40%

  • Creators earn VIP score based on the total volume traded for their tokens created during the current VIP epoch.

[Chains of Chaos] - 30%

  • Players are awarded VIP based on game participation and performance:
    • Collateral staked, relative to all collateral staked during the round - 15%
    • Participants who use pre-graduation memes as collateral - 10%
    • Your W/L record, skill component - 5%

[Accrued EMBR points during epoch] - 20%

  • This component of VIP is awarded linearly based on amount of EMBR points accrued during the epoch.

[EMBR Tier based VIP points] - 10%

  • Maintaining your capy tier unlocks our passive VIP yield
5

[LIVE PROPOSAL]

We are proposing some simplifications to the Embr.fun VIP scoring process. We previously had a multiple number of conditions that were intended to bring diversity to actions people could do on Embr, but found that this led to myopic optimization and was less effective overall in rewarding our most valuable users.

This new scoring focuses 100% of VIP scoring on the Chains of Chaos battle. The goal is to concentrate rewards and motivate deeper interaction between COC and the rest of the trading ecosystem. The new scoring will start epoch 4.

  • There will be 1m VIP score given out over the epoch, keeping consistent with the overall magnitude from previous epochs
  • There will be 10 rounds of COC over the epoch. The scoring will be allocated as such for each round.
    • For each week, rounds run on weekdays. The rounds will be given VIP score of 30k, 30k, 30k, 100k, 310k. This repeats the following week. The team will announce the schedule ahead of epoch 4.
    • VIP scoring will be determined by in-game performance. Players are ranked in COC based on the size of the memes they defeat and the damage they deal. Players are ranked based on the liquidity (total health) of the memes they defeat, with the damage dealt as a tiebreaker.
    • Participation in 30k rounds nets bonuses in 100k rounds and 300k rounds.
      • Enter a 30k round → +5 % each in that week’s 100k pot (max +15 %).
      • Enter 30k round + 100k → +5 % each in that week’s 300k pot (max +20 %).

Scoring is as follows for each round:

Rank 30k pot 100k pot 300k pot
1 3 000 10 000 30 000
2-3 2 500 8 000 24 000
4-5 2 000 6 500 19 500
6-10 1 200 4 000 12 000
11-20 600 2 000 6 000
21-50 200 700 2 100
51+ 50 150 450

Assuming all rounds are played,

The maximum score possible for a single player is 98,000.

The minimum score possible for a single player is 1,500.

Previously

[Meme / Token Creation] - 40%

  • Creators earn VIP score based on the total volume traded for their tokens created during the current VIP epoch.

[Chains of Chaos] - 30%

  • Players are awarded VIP based on game participation and performance:
    • Collateral staked, relative to all collateral staked during the round - 15%
    • Participants who use pre-graduation memes as collateral - 10%
    • Your W/L record, skill component - 5%

[Accrued EMBR points during epoch] - 20%

  • This component of VIP is awarded linearly based on amount of EMBR points accrued during the epoch.

[EMBR Tier based VIP points] - 10%

  • Maintaining your capy tier unlocks our passive VIP yield
6

We will be evolving Embr towards the next stage starting Epoch 5. In Epoch 4, the Embr VIP criteria focused completely on Chains of Chaos. This brought a spectacle element to our largest pots (in particular the WHISPER vs PINT battle) —> next, we need to next stimulate activity immediately following a Chains of Chaos round, while supporting the birth of new tokens and challengers in Chains of Chaos. To support this, we will be channeling VIP towards the creators of those tokens that won Chains of Chaos and those that trade those winning tokens.

TLDR — We will continue to allocate 1m VIP points, but moving from 100% COC —> 50% on COC performance + 50% on creators and traders of COC winning tokens.

  1. COC Performance 50%, 500k VIP points. This is the same structure as our previous criteria, with 10 rounds M-F, 15:00 UTC. Instead of 30/100/300k scoring, scoring will instead be eight 12.5k pots (M, T, Th, F) , two 200k pots (Wed). See the below chart for payouts based on rank.
    1. Some small 12.5k pots may be used for experimental purposes —> these games will be free to play (meaning no meme payout), but will award VIP points.
Rank 12.5k pot 200k pot
1 1250 20 000
2-3 1000 16 000
4-5 800 12 000
6-10 600 8 000
11-20 300 4 000
21-50 100 1400
51+ 25 300

  1. COC creators and traders 50%, 500k VIP points. For each of the ten rounds of COC, there will be a winning token. The creators of these winning tokens will be given VIP. Traders of these tokens from within the epoch will be given VIP.

    Type 12.5k pot 200k pot
    Creator 3125 50 000
    Traders 9375 150 000
    1. Note that trader + creator portions sum to the pot size. As an explicit example, suppose token A was the winner of the 200k pot. Then the creator of token A will receive 200k / 4 = 50000 VIP.
    2. Traders of winning tokens will be scored linearly based on their volume during the VIP epoch — this includes volume before that token won COC.
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