PoolTogether (POOL)
Basic Info
- Token: POOL
- Sector: Gaming
- Tally Governance Page
Protocol Overview
PoolTogether offers infrastructure for creating prize-linked savings (also known as zero-loss lotteries). Users can deposit various tokens into prize pools, with funds then invested into lending protocols or other yield sources to earn a return. The interest earned is periodically withdrawn and given to a randomized lottery winner, but users can always withdraw the amount they initially contributed (hence “no losses”).
Governance controls the PoolTogether treasury, which includes a large sum of POOL tokens as well as stablecoins and other assets earned from a 50% take rate on prize pool interest.