# \*\*Poll Closed\*\* - Sponsoring trading competition with Perpetual Protocol

**URL:** <https://gov.indexcoop.com/t/poll-closed-sponsoring-trading-competition-with-perpetual-protocol/1501>\
**Category:** Business Development\
**Created:** [12 May 2021 15:55 UTC](https://gov.indexcoop.com/t/poll-closed-sponsoring-trading-competition-with-perpetual-protocol/1501 "2021-05-12T15:55:26Z")\
**Posts on this page:** 5\
**Page:** 1

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**Author:** ![Mringz](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/mringz/32/474_2.png) [@Mringz](https://gov.indexcoop.com/u/Mringz)\
**Post date:** [12 May 2021 15:55 UTC](https://gov.indexcoop.com/t/poll-closed-sponsoring-trading-competition-with-perpetual-protocol/1501/1 "2021-05-12T15:55:26Z")

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**Owners:** @Mringz @BigSky7 @reganbozman

**Abstract:**

Unfortunately the initial proposal to host a trading competition with DPI on Perpetual Protocols L2 trading platform was not possible because of issues around synthetic versions of our assets. However the Perpetual team has offered to purchase \*$50K-$100K of DPI for their treasury with them marketing the DPI purchase with the launch of the trading competition, if our community is happy to go through with it.

For more details about the original competition proposal: [Perpetual Protocol x Index Coop](https://gov.indexcoop.com/t/perpetual-protocol-x-index-coop/967)

The business development team is proposing we run the competition with the following changes:

1. **Prize pool:** \*$15 000 INDEX + $10 000 PERP
2. **Competition Duration:** 31st May 2021 - 7th June 2021
3. **Traded asset:** ETH

**Benefits:**

- **Marketing** - Perpetual protocol is an a leading L2 trading platform so sponsoring the competition will give us exposure to their growing community of traders and Ethereum L2 natives
- **DPI Purchase** - Perpetual protocol DAO will hold a portion of our assets in their treasury increasing our product exposure to DAO’s in the DeFi eco-system

**Way forward:**

_If we vote to go ahead with the competition_

1. Perpetual protocol will go ahead with the DPI purchase
2. Business development team will request sponsorship funds from treasury
3. We will coordinate with the Perpetual team to launch the competition

_Please note changes_ (\*) _before voting_

_Poll ([view on site](https://gov.indexcoop.com/t/poll-closed-sponsoring-trading-competition-with-perpetual-protocol/1501/1))_

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**Author:** ![anon10525910](https://avatars.discourse-cdn.com/v4/letter/a/97f17d/32.png) [@anon10525910](https://gov.indexcoop.com/u/anon10525910)\
**Post date:** [11 June 2021 16:22 UTC](https://gov.indexcoop.com/t/poll-closed-sponsoring-trading-competition-with-perpetual-protocol/1501/2 "2021-06-11T16:22:23Z")

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curious, now that it is over\*\*, what was the outcome(s) of this competition for the Coop?

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**Author:** ![anon10525910](https://avatars.discourse-cdn.com/v4/letter/a/97f17d/32.png) [@anon10525910](https://gov.indexcoop.com/u/anon10525910)\
**Post date:** [11 June 2021 16:41 UTC](https://gov.indexcoop.com/t/poll-closed-sponsoring-trading-competition-with-perpetual-protocol/1501/3 "2021-06-11T16:41:03Z")

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> [@Mringz](#):
>
> \*$50K-$100K of DPI for their treasury

esp. did this happen?

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**Author:** ![Mringz](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/mringz/32/474_2.png) [@Mringz](https://gov.indexcoop.com/u/Mringz)\
**Post date:** [13 June 2021 10:34 UTC](https://gov.indexcoop.com/t/poll-closed-sponsoring-trading-competition-with-perpetual-protocol/1501/4 "2021-06-13T10:34:54Z")

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Hey Greg. The Perpetual Protocol team did Make the treasury purchase here is the proof: 0xD374225abB84DCA94e121F0B8A06B93E39aD7a99

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<div class="post-metadata">

**Author:** ![anon10525910](https://avatars.discourse-cdn.com/v4/letter/a/97f17d/32.png) [@anon10525910](https://gov.indexcoop.com/u/anon10525910)\
**Post date:** [14 June 2021 17:14 UTC](https://gov.indexcoop.com/t/poll-closed-sponsoring-trading-competition-with-perpetual-protocol/1501/5 "2021-06-14T17:14:58Z")

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> [@Mringz](#):
>
> 0xD374225abB84DCA94e121F0B8A06B93E39aD7a99

Thank you, awesome! – linking to here to the actual [transaction](https://etherscan.io/tx/0xb064dcb683de06db3837398dab3643c22d0fd122db4307ec6f0070483e0ddd3c)