Hey guys, I have been thinking about this idea for a while (and I even made a quick app draft for it, link is at the end!) that I think it could be great for the Flash Protocol, giving more utility adding a random factor.
The idea is that everyone could add their FLASH tokens to a pool, which then the entire pool would be automatically flash-staked at a specific time every week and the upfront yield tokens will be given randomly to one of the users that are participating in the pool (something similar to PoolTogether, but the rewards would be higher due to the high yield rates in the flash protocol, and with one big difference: the prize will be delivered inmediately because of the nature of the protocol! …you will then have to wait for your FLASH tokens to be unlocked though as they will be flash staked in the protocol for the period being)
I think this would give more utility to FLASH token…even if someone has few tokens and can not get much tokens using the flashstake dApp (also because of the high fees limitations) they could add them into the pool, where one day they could be lucky, winning the weekly prize, making this decision of pooling the tokens in the lottery more beneficial!
Aditionally, some FLASH tokens could be added or minted from the foundation to these specific pools making the final yield rates a bit higher than in the flashstake dApp (as these tokens will not be participating in the drawn but they will be used when flashstaking in the protocol, giving more tokens rewards), so that people would be more encourage to use the lottery and leave the tokens sitting there, thinking that in the long-term is more beneficial despite in the short term they might not win.
I have made a quick draft so it is easier to understand and know aprox the prizes it could have (even without any FLASH tokens added from the foundation/incentives, only tokens from the users…if only 1 user enters the lottery pool, it would be the same as the person would have gone to the flashstake dapp and would have flashstaked for a week): https://flash-lottery.herokuapp.com/
I think this could be done easily in a few months (or even weeks!) and that it could be a great feature to be built on top of the protocol…what do you think? would people use it?