Propose adding a “reinvestment” feature for pJars
Background: Currently, the dev team has a bot to call the “earn/harvest” based on a certain threshold. The objective is that the more frequent the “earn/harvest” are called, the more compounding effect or the higher APY it is for all the pJars.
Future state: I have checked with 0xPenguin that the reinvestment feature is feasible. If this is voted and approved, we will be able to allow anyone to call the “earn/harvest” anytime. To compensate them for the gas fees, we can introduce a “reinvestment bounty” of 0.1%.
This is a win-win situation as the dev team can save on the bot’s gas fees, someone in the community or participant of the pJar can call the earn/harvest more frequently, and ultimately the pJars’ APY will increase due to the frequent compounding.
Happy to discuss any queries that you might have on this.