Workflow
PoolTogether
icon
Search documents
X @Bankless
Bankless· 2025-08-21 21:12
Overview of PoolTogether - PoolTogether's no-loss savings game allows users to deposit stablecoins for a chance to win prizes without losing their initial deposit [1][2] - The protocol is autonomous, immutable, and permissionless, leveraging the benefits of on-chain systems [1] - PoolTogether presents a unique risk/return profile, making it a compelling option for deploying idle funds [1][3] Key Features and Updates - Users deposit funds into prize vaults, and the yield generated from these deposits forms a prize pool [2] - Winners are selected through regular random draws and receive payouts automatically [2] - Users can withdraw their deposits at any time, ensuring no loss of principal [2] - Since V5, PoolTogether has expanded its features, chains, and rewards [3] Usage and Potential Returns - Users can access PoolTogether through various interfaces like Cabana, PoolTime, Superform, WinETH, or Yearn [3] - On Base, Cabana estimates smaller prizes are won frequently, while larger prizes occur less often [5] - A user recently won 22.91 ETH from a 2,500 USDC deposit on Base [3] - Prize vaults on Base offer approximately $52 thousand, while Optimism offers around $27 thousand [4]