PoolTogether Overview
- What is PoolTogether?
PoolTogether is a DeFi protocol that allows users to deposit cryptocurrency into a pool, earning chances to win prizes based on the interest generated by the collective pool. Deposits can be withdrawn at any time without fees.
- Main Features
- Interest-Earning PoolsRisk-Free SavingsNo fees to withdrawProvably fair system to identify winnersAll deposits earn yield for prizes
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Frequently asked questions
Prizes are awarded weekly on average.
The yield for prizes in PoolTogether works by allocating a portion of the total deposits into a prize pool. All deposits made into PoolTogether are earning yield, which is then distributed as prizes. Different Prize Pools may have different Grand Prizes, and all deposits have a chance to win a Grand Prize. Some Prize Pools have many small prizes, while others have a few big prizes.
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