Launching Additional Crypto Gaming Pools in Public Alpha
Following the closed alpha launch of the P2E Yield Pool in March, we are excited to announce that we will be launching additional pools in a public alpha that will allow people to access managed investments in crypto gaming assets. The pools will be structured in a similar way to the original P2E Yield Pool. However, the guilds that will manage the capital will be selected by the community. There will be one “Small Cap” pool that will be managed by smaller guilds and another “Mid to Large Cap” pool that will be managed by larger guilds.
Guilds that are interested in receiving and managing capital for these new pools will have until 11:59 PM Eastern Time on Sunday April 17th to sign up here. Once voting begins, it is up to each guild to market themselves and get votes.
Unlike the closed alpha, investors no longer need to apply to be whitelisted and can start depositing USDT once the pools are open for deposits. There will also be no limit on the amount that can be deposited.
Community Selected Guilds
The additional pools will work in largely the same way as the P2E Yield Pool. The biggest difference is the selection process of the guilds that will be managing the capital. Instead of OpenGuild Finance doing due diligence and deciding which guilds will be part of the pool, any guild can sign up and the community will vote on which group of guilds will manage the capital. The managers of the selected guilds will still go through KYC and sign legal contracts. The process is outlined below:
- Interested guilds can sign up here
- All guilds that have signed up will be voted on in the OpenGuild Finance Discord. The guilds are responsible for soliciting votes for themselves
- The 10 guilds with the most votes in each category (Small Cap and Mid to Large Cap) will be the ones that get selected to manage the capital in the pools
- Each selected guild manager will sign a legal contract agreeing to the arrangement of the pool and submit their government issued ID and proof of address as part of KYC.
The rationale for this selection process is that guilds that get the most votes are likely to have the strongest reputations to protect, which is one of the most important factors for minimizing the chances of a rug pull given the trust based nature of the pools. Guilds can either encourage their own community to vote for them or receive votes from unrelated parties who are in the OpenGuild Finance Discord. Receiving votes from their own community shows that the guild has a large and engaged community which is a strong signal for their reputation and votes from unrelated parties is a sign of the broader gaming community’s confidence in them. We have two pools targeting different sized guilds to give smaller guilds with strong communities an opportunity to receive and manage capital as well.
About OpenGuild Finance
OpenGuild Finance is a financing platform for crypto gaming guilds and players. Investors can passively earn crypto gaming yield by providing capital to guilds looking to expand their operations. For more information, check out our website.