The PoolTogether protocol will be transitioning to decentralized governance. In the meantime, the core team serves as the interim governance body.
PoolTogether Governance broadly serves two mandates:
Prize Pool management
Governance will guide the evolution of the protocol towards the goal of building products that create financial health. The primary functions of governance are to:
Set rewards for prize pool users
Approve & implement new yield sources for prize pools
Implement new prize strategies
In addition to these core functions governance may:
propose integrations with L2 systems
Add additional prizes or rewards
All Prize Pools created with Builders contribute a small fee to the protocol reserve. The reserve is retained by the protocol as sponsorship in the Prize Pool in which it accrued.
Governance also manages its own set of Prize Pools. These Prize Pools are displayed on the official PoolTogether App.
All Prize Pools link to a global protocol Comptroller. The Comptroller is owned by governance, and determines the reserve rate and rewards Prize Pools.