The Crypto Start-up Bringing Prize Savings to DeFi | PoolTogether

The Crypto Start-up Bringing Prize Savings to DeFi | PoolTogether

One of the hardest things about onboarding new users to DeFi is finding ways for them to explore the space in exciting ways, without taking exorbitant risk. The PoolTogether protocol is solving that problem by bringing prize savings to DeFi. Prize savings is a proven financial concept used all over the traditional finance world where depositors are able to make deposits at no risk of principal loss, but unlike a traditional interest-earning account, depositors have a chance to win prizes that can reach huge multiples of their deposit. This makes PoolTogether one of the only ways that investors can access potentially outsized returns in DeFi without taking principal risk. Leighton Cusack of PoolTogether Inc. explains how PoolTogether sits on top of existing yield generating protocols and randomly distributes the proceeds to users. He highlights the millions in deposits and prizes that have already gone through PoolTogether, why this technology is uniquely better on the blockchain, and outlines a vision for the future where users can access PoolTogether across their favorite crypto platforms.

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