# About PoolTogether PoolTogether is a [prize savings](https://en.wikipedia.org/wiki/Prize-linked_savings_account) protocol, enabling you to win by saving. 1. Deposit USDC for a chance to win 2. Participate in daily prize draws 3. Withdraw your deposit any time - even if you don't win! Every dollar you deposit gives you a chance to win prizes. The more you save, the higher your odds! PoolTogether is one of the first and most widely used DeFi (*Decentralized Finance*) applications and has been **live for over four years.** Since its inception, the protocol distributed over $10 million in prizes to depositors. [The luckiest winner so far deposited $74 and won over $40,000](https://decrypt.co/66354/crypto-no-loss-lottery-winner-turns-74-into-40000). ### How does it work? This is possible because prizes are made up of the interest that accrues on all deposited funds: 🏦 Users deposit into the network 📈 Yield accrues on all deposits 🏆 The yield is randomly awarded as prizes to the users. ### PoolTogether is ![](https://3870527265-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MjVmQloS14HsmiACMUz-887967055%2Fuploads%2FUGKWmtiSUtzUzt3dTfBs%2Fimage.png?alt=media\&token=0687123d-5f50-4607-8f91-b39b48c91c7c) PoolTogether is a Prize Linked Savings account powered by the blockchain. It's: #### Provably fair Prize draws at PoolTogether are transparent: anyone can confirm who won, when, and why. #### Globally accessible The protocol empowers *everyone* to save. It offers a level playing field where every user enjoys the same conditions. #### Fully non-custodial No one but you has access to your deposited funds. PoolTogether is non-custodial, meaning users can redeem their money from the pool at any time. #### Open-source & secure The protocol is made up of computer software: smart contracts living on the blockchain. The [code is open-source](https://github.com/pooltogether/) for everyone to verify and validate. On top of that, PoolTogether undergoes regular [audits](https://docs.pooltogether.com/security/audits). #### Decentralized PoolTogether is user-owned and user-driven. Control over the protocol rests in the hands of the community holding the POOL token. Find out more about [governance](https://docs.pooltogether.com/pooltogether/governance) --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.pooltogether.com/welcome/master.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.