PoolTogether

Yield Aggregator

PoolTogether is a crypto-enabled savings protocol that allows users to pool funds to generate yield in return for a chance to win daily prizes. The platform aims to help users win the generated earnings through playing "no-loss" prize games.

Risk Rating
Best
Protocol Code Quality
Protocol Maturity
Protocol Design
What is PoolTogether?
What we like
PoolTogether introduced the concept of "no-loss" lotteries with users able to withdraw deposited assets at any time.
What we like less
Deposits earn yield, but it is contributed to prizes. If you don’t win, you forgo the yield you could have earned elsewhere.
What it means for you
Offers you a simple and intuitive way to participate in daily prize draws with minimal downside risk.

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Information
Exploit/Hacks
None
Info
  • Website
  • Token: POOL
  • Tags: Yield Aggregator
Key Metrics
  • TVL: $13.2M (Rank #162)
  • TVL Ranking by Yield Aggregator: #0
  • Blockchain: Optimism, Ethereum, Base, xDai, Arbitrum, Polygon, Avalanche, Celo, Scroll, Binance
  • Chain TVL
    • Optimism: $7.54M
    • Ethereum: $2.1M
    • Base: $1.97M
    • xDai: $1.51M
    • Arbitrum: $91.15K
    • Others: $214.12K
Risk Assessment
Best
Protocol Code Quality
  • Code reviewed by several experienced auditors; Sherlock and C4
  • Public team promotes accountability
  • No documented protocol hacks since launch
Protocol Maturity
  • Latest protocol version launched in 2023; maturity over one year minimizes technical risk as smart contracts are well battle-tested
  • Top 20% by total value locked slightly reduces risk
  • Core contracts are fully immutable
  • Low voting power concentration reduces risk
Protocol Design
  • No death spiral concerns
  • This protocol is susceptible to risks related to yield optimizers which deploy custom strategies to automatically manage user funds
  • PoolTogether is a no-loss, prize savings protocol taht generates yield by pooling all deposits and allocating them across different lending protocols like Aave or Compound; the yield generated in the last day is raffled to one of the depositors and your probabilities of winning are proportional to your share of the total deposits
Things to know about PoolTogether

How PoolTogether works

PoolTogether pays daily prizes through the interest earned on deposited assets. When an asset is deposited into PoolTogether, it is automatically routed to other decentralized finance protocols like Aave to begin earning interest. Users who deposit are automatically eligible for all future prizes until they withdraw. Users can add to or withdraw their deposits at any moment. However, the chances to win are based on the user's average deposit size over the prize period. PoolTogether relies on the ChainLink VRF (Verifiably Random Function) to choose winners in a verifiably random way. Prizes are claimed automatically and sent to the user's wallet.

How PoolTogether makes money

A portion of the yield is directed to a POOL vault, so that POOL holders can stake their tokens and increase their chances of winning.

How you make money on PoolTogether

You can participate in daily lottery prizes by depositing assets on the PoolTogether platform.

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