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zkBob / rewards_rervice

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[EPIC] Referral Program #1

Open r0wdy1 opened 1 year ago

r0wdy1 commented 1 year ago

What to do?

We need to implement the mechanic for the zkBob referral program

The mechanic of the referral program: We will split between referral and referee difference that the relayer actually spends for a transfer inside the pool with a fixed relayer fee (0.1 BOB)

Main mechanic and user flow you can find here - https://www.notion.so/blockscout/Referral-program-7af5b0c4d84e42608204041bad85162d

@r0wdy1 Could you please decompose this task before planning?

UPD 19.01: Decomposition could be found here 👇 https://www.notion.so/blockscout/Referral-program-7af5b0c4d84e42608204041bad85162d#530fd3c7fa9b4eb7b36e69b5dce6a05f

The flow:

  1. The Referrer generates a link with a ref_code query parameter and shares it with Referee(s).
  2. The Referee gets a link somewhere and gets through onboarding process. Ref_code is automatically saved when account setup happens
  3. The Referee makes a transfer, the ref code is appended to the transaction memo
  4. At the end of reporting period, all of the transactions are grouped by ref_code and rewards are calculated and automatically sent to the Refferer ZK address
maikReal commented 1 year ago

Better to do with https://github.com/zkBob/zkbob-client-js/issues/40

maikReal commented 1 year ago

Conclusion from the tech call 03.03:

  1. We can implement the referral program where we will split the positive residual between a referral and referee
  2. The current amount of fees that we took from users is not enough to motivate our users. Just an example: if we had 1 user who invited another 14000 users (all users that we have right now in zkBob) using the referral program, he got about 100$ from the whole time. The positive residual us mostly too low to be profitable for a user
  3. We need to find new channels to monetize the product. If we would add new channels we could offer users more interesting offers