The Basics
PoolTogether is the prize-linked savings protocol that allows users to save money and win prizes.
Last updated
PoolTogether is the prize-linked savings protocol that allows users to save money and win prizes.
Last updated
PoolTogether is a prize-linked savings protocol where users win by saving.
Deposit any ERC-20 token into a prize vault for a chance to win
Participate in daily prize draws automatically
Withdraw your full deposit any time - even if you don't win!
A deposit of any amount gives you a chance to win prizes. The more you save, the higher your odds!
PoolTogether is one of the first and most widely used DeFi (Decentralized Finance) applications and has been live for over five years. Since its inception, the protocol distributed over $4.5 million in prizes to depositors. The luckiest winner so far deposited $74 and won over $40,000.
Prizes are comprised of the interest that accrues on all deposited funds:
🏦 Users deposit into the network
📈 Yield accrues on all deposits
🏆 The yield is randomly awarded as prizes to the users
The PoolTogether protocol is powered by blockchain technology. It's:
Prize draws at PoolTogether are transparent: anyone can verify who won, when, and why. No entity determines to whom prizes are distributed to.
The protocol empowers everyone to save. It offers a level playing field where every user enjoys the same conditions.
No one but you has access to your deposited funds. PoolTogether is non-custodial, meaning users can withdraw their deposits in full at any time.
The protocol is made up of computer software: smart contracts living on the blockchain. The code is open-source for anyone to verify and validate. On top of that, PoolTogether undergoes regular audits.
The PoolTogether token and treasury is user-owned and user-driven. Control over these rest in the hands of the community holding the POOL token. Find out more in our governance forum.
Permissionless
Anyone can create a new prize vault and/or participate in any of the incentivized actions that keep the prizes rolling out. There are no gatekeepers to the protocol.
