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Discuss:: Set Minimum contribution based on expected Repayment #53

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adibas03 opened this issue Jul 22, 2019 · 5 comments
Open

Discuss:: Set Minimum contribution based on expected Repayment #53

adibas03 opened this issue Jul 22, 2019 · 5 comments

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@adibas03
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While setting up the e2e tests, I realized, that based on the size of the contribution to the loan, some contributors might not have a repayment due every month, but instead, every second month or more.
For instance: A contribution of 6 units out of 60,000 units (0.01%), will not be due for any repayment until 10,000 units have been repaid.
Do we leave this as is and educate, or do we set a minimum contribution, based on the expected repayment.
I think education might be sufficient to allow for smaller contribution, especially since the project is P2P and less corporate.
Note* Implementation of any decision should be against the next version

@onggunhao @tspoff thoughts

@onggunhao
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onggunhao commented Jul 22, 2019

@adibas03 I'm strongly in favor of a minimum contribution of 20 Dai.

20 Dai is also the minimum sum for PoolTogether. Their reason was gas fees

We could do it as a simple 1-line require in Crowdloan:fund?

@adibas03
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adibas03 commented Aug 1, 2019

I think 100 DAI might be a good place, although 50 DAI might also work, though 100 DAI ensures we have fewer contributors

@onggunhao
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Crazy idea: what if we set it to 1,000 Dai? We would have to find 60 people willing to do that

@adibas03
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adibas03 commented Aug 1, 2019

That would be great, but according to the data from our research, 100 DAI is the sweet spot

@onggunhao
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Yeah that's true. Talking about that, we should do a follow-up survey on Twitter to measure whether that sentiment has changed

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