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Difference between revisions of "PoolTogether"
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PoolTogether is a service that lets users stake cryptocurrency into lottery pools for a chance to win a | PoolTogether is a service that lets users stake cryptocurrency into lottery pools for a chance to win a weekly prize pool. The prize pools are made up of accumulated staking fees, and you can withdraw your full original deposit even if you don’t win. | ||
== History == | == History == | ||
PoolTogether was ideated by founder Leighton Cusack, who discovered "prize based savings accounts" while researching different financial instruments. The initial testnet and team for PoolTogether formed during ETH Denver in 2019. PoolTogether was initially funded by a MakerDAO grant, and accepted DAI deposits only. Since then, PoolTogether has expanded to multiple chains and accepts a wider range of deposits. More recently, PoolTogether has introduced the idea of "deposit delegation." This is where users can delegate the prizes generated on their deposits to any address they choose. | PoolTogether was ideated by founder Leighton Cusack, who discovered "prize based savings accounts" while researching different financial instruments. The initial testnet and team for PoolTogether formed during ETH Denver in 2019. PoolTogether was initially funded by a MakerDAO grant, and accepted DAI deposits only. Since then, PoolTogether has expanded to multiple chains and accepts a wider range of deposits. More recently, PoolTogether has introduced the idea of "deposit delegation." This is where users can delegate the prizes generated on their deposits to any address they choose. | ||
PoolTogether was launched on June 23rd, 2019.<ref>https://medium.com/pooltogether/introducing-pooltogether-2f80c7c0bfc6</ref> | |||
== The PoolTogether Protocol == | == The PoolTogether Protocol == | ||