[Proposal]: Enhancement to WalletConnect Pay Rewards - Tiered Ranks and Leaderboard for User Engagement

General
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Abstract

This proposal suggests enhancing the WalletConnect Pay Rewards Budget (P5) by introducing a tiered ranking system based on wallet spending volume, along with a leaderboard, to gamify and encourage more transactions. Higher ranks could unlock exclusive perks, with details left to the team’s discretion.

Summary

Building on Founder @pedro-wcf ‘s recent incentives for up to 2% cashback on purchases via WalletConnect Pay, this idea adds spending-based ranks (e.g., Bronze, Silver, Gold, Diamond) and a competitive leaderboard to drive consumer spending, loyalty, and community excitement.

Background

WalletConnect Pay is growing with cashback rewards from the approved P5 budget (up to 50M WCT in 2026, no new minting). Flat cashback works well, but tiers and leaderboards—common in fintech and Web3—could boost repeat usage and viral growth without overcomplicating the base system.

Proposal

  • Tier System: Rank users by cumulative eligible spending per period (e.g., quarterly). Thresholds and reset frequency to be set by the team.

  • Leaderboard: A public (opt-in) ranking of top spenders to foster competition.

  • Perks: Higher tiers and leaderboard toppers could receive rewards like exclusive NFTs, branded merch (e.g., apparel), invites to offline events, or monthly $WCT bonuses. All funded from the existing rewards budget; specifics (e.g., eligibility, anti-abuse measures) for the team to refine.

This keeps things simple, privacy-focused, and aligned with sustainable growth.

Call to Action

Community feedback welcome on the forum—ideas for ranks, perks, or implementation? Wallets/merchants: Thoughts on integration?

Next Steps

If supported, the WalletConnect team could pilot, track metrics (e.g., transaction volume uplift), and adjust as needed.

6 Likes
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Cashback-driven incentives are effective for onboarding, but history shows they have a limited lifespan. In India’s UPI ecosystem, heavy cashback initially drove massive adoption, but once incentives were reduced, a significant portion of users disengaged or switched apps, as the underlying products were largely interchangeable.
For WalletConnect Pay, tiered ranks and leaderboards can meaningfully extend engagement beyond simple cashback by introducing status, progress, and competition. However, for long-term retention, this system should be paired with non-monetary utility—such as exclusive features, access, or fee advantages—so users stay even when rewards normalize.
Seasonal leaderboards, anti-gaming safeguards, and multiple engagement tracks (volume, consistency, new users) could help avoid short-term spikes and ensure sustainable usage rather than incentive-chasing behavior.
Overall, this proposal is directionally strong, but its success will depend on moving users from rewards → habit → utility.

3 Likes
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we love it. i will definitely bring this to the team’s discussion today

1 Like