Launch Challenges
Ephemeral and funded instantiations of Marketplace parameters
Challenges can be launched by anyone who has permission to launch Challenges within its parent Marketplace. Sponsors fund and launch Challenges with tokens that will be used to reward analysts for successfully fulfilling their requests. Challenges are single, time-based Analytics requests launched within a broader parent Marketplace.
Marketplace Inheritance
Some aspects of a Challenge are determined by the Marketplace it is launched within. Aspects of the Challenge set outside the Marketplace have to do with its funding, timeline, and prompt.
When launching a Challenge, you must fund the reward pools with tokens from your connected wallet, sign transactions in your wallet, and pay gas fees to activate it.
Challenges can't be edited once an Analyst has claimed to submit
Challenge Budget Use
When funding Challenges, Sponsors should expect a remainder of tokens after the Review Deadline has passed. This is due to the way Analyst and Reviewer Rewards are allocated.
Analyst Rewards
Each analyst has a maximum earning potential based on the reward curve selected, claim limit set, and budget allocated.
Submission Limits
Challenge Sponsors set a cap on the number of submissions per challenge. With this cap, the maximum reward amount per submission is also set. For example, a challenge that has a reward pool of USDC 10,000 and has a submission limit of 10 will have a maximum reward per submission of USDC 1,000.
Max Reward = Reward Pool / Submission Limit
Analysts can claim the right to submit for these challenges on a first come, first served basis.
Rewards Pool Bucketing
Challenges have tiers according to submission score ranges. These score ranges will represent a proportion of the maximum reward that a submission can get if its score falls within that tier. To ensure certainty, the ranges used for specific challenges will always be visible to analysts before they claim the right to submit.Continuing the above example, we can set five different score ranges with five different reward proportions.
Rewards Earned = Reward Proportion based on Score Range & Max Reward
The score ranges and reward proportions can also be set to simulate a “pass or fail” environment.
Rewards and Claim Limit Scenario
Score Range and Reward Proportion Settings
Actual Submissions and Scores
Reviewer Rewards
Reviewer Rewards are paid out at a per Review rate.
Claim limits are set on the count of Reviews, not the count of Reviewers.
The number of Reviews to set the limit may be informed by the number of Analyst Claims available and the desired number of average Reviews per Submission.
For example, in a Challenge with an Analyst claim limit of 10 and desire for an average of 3 Reviewers per Submission, the Sponsor may set the Review limit at 30.
If the Sponsor values these reviews at 2 USDC each, then they would lock 60 USDC for their Review budget. In the case that not all 30 Reviews occur, the remaining funds become reclaimable by the Sponsor.
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