V5 Changes
What are the differences between PoolTogether V4 and V5?
Yield Sources
V4 | V5 |
---|---|
Protocol was constrained to one yield source (Aave). | Any yield source can be used to create a prize vault. There are templates ready for most ERC-4626 yield sources or wrappers. |
Tokens
V4 | V5 |
---|---|
Due to the constraints on yield sources, only USDC was supported. | Any ERC-20 token can be plugged into the protocol. |
Accessibility
V4 | V5 |
---|---|
Required depositing through an interface. | Deposit through an interface, or just swap for prize tokens through your favorite wallet or exchange. |
When sending deposits between wallets, an extra self-delegation transaction was necessary. | Deposits are always self-delegated by default unless set otherwise by the user. |
Prize Distribution
V4 | V5 |
---|---|
Prize distributions (number and size of prizes) were determined through governance. | Prize distributions are autonomous based on market conditions. |
Independent draws delivered static prize amounts with specified odds. | The protocol self-adjusts to deliver yearly prizes, daily prizes, and everything in between. |
Prize Claiming
V4 | V5 |
---|---|
Users needed to manually check if they won and claim their prizes in a time-sensitive manner. | Prizes are automagically sent to your wallet. |
Last updated