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PoolTogether
PoolTogether is a permissionless prize savings protocol where users can deposit funds for a chance to win prizes. The prizes are funded by the yield generated from all deposits, and users can withdraw their initial deposit at any time without fees.
Distributed
Description
PoolTogether is a decentralized, permissionless prize savings protocol designed to help people save money. It operates on the Ethereum blockchain and other blockchains through a set of open-source smart contracts, ensuring transparency and fairness. Users deposit funds for a chance to win prizes funded by the yield from all deposits, with the ability to withdraw their initial funds at any time without fees, making it a "no loss" system. The protocol is governed by POOL token holders who control aspects like prize distribution. The community is active on platforms like Discord, Twitter, and Farcaster, and the project supports ecosystem growth through a grants program and resources for developers.Grant Funding
VC Funding
None
2020
2021
$0
$8M