PoolTogether User Guide
V4 DocsDeveloper DocsApp
  • Welcome
    • About PoolTogether
    • Frequently Asked Questions
    • Getting Started
  • PoolTogether V5
    • Use PoolTogether V5
    • V5 Developer Docs
    • Cabana.fi Docs
    • Build on PoolTogether
  • PoolTogether V4
    • PoolTogether on Optimism
      • Getting USDC & ETH on Optimism
    • PoolTogether on Polygon
      • Getting USDC on Polygon
    • Guides & How Tos
      • Deposit Delegator
      • Setting up Prize Notifications
      • Migration Guides
        • Withdrawing from V2
        • Withdrawing from V3
        • Withdrawing from V4
      • Using Coinbase Pay
      • Using PoolTogether via Coinbase App
      • Withdrawing USDC from Binance
      • PoolTogether Debit Card FAQ
      • Bridging POOL with Across
      • Getting involved
    • Governance
      • Proposal Process
        • PT Budget Requests
      • Voting & Delegation 101
      • Governance Roles
      • Protocol Constitution
      • Governance Calendar
    • POOL Token
      • Tokenomics
      • POOL Supply
      • Getting POOL Tokens
    • Ecosystem & Links
    • Developers
  • Security
    • Risks
      • Protocol Coverage
    • Audits
    • Bug Bounties
  • Dive Deeper
    • PoolTogether Discord
    • Developer Documentation
    • Brand Kit
Powered by GitBook
On this page
  • What is the PoolTogether Card?
  • How does it work?
  • Where can I use my card?
  • Are there any country restrictions?
  • Does Juno custody the deposits?
  • How does it relate to my wallet and my key?
  • What about fees? Withdrawing has fees.
  • What chain/s are we talking about?
  • Will there be rewards?
  • How can I get access?
  • Any open Questions?

Was this helpful?

Edit on GitHub
  1. PoolTogether V4
  2. Guides & How Tos

PoolTogether Debit Card FAQ

The spending card for crypto natives

PreviousWithdrawing USDC from BinanceNextBridging POOL with Across

Last updated 2 years ago

Was this helpful?

What is the PoolTogether Card?

The PoolTogether Card is a Debit Card powered by Juno. It allows you to spend your PoolTogether balance on everyday things.

How does it work?

There are two ways to use the PoolTogether Debit Card. You can choose to use either a Push or the Pull Method.

Top-Up (Push Method)

Whenever a user tops up their card, their USDC is liquidated to USD and deposited into an FDIC-insured checking account to ensure the safety of their funds.

Example: A user will convert PTaUSDC to USDC (say $500 at a time) and then spend that USDC when they make purchases.

On a technical level:

  • User cashes out their crypto from their Web3 Wallet to a FDIC-insured Checking Account

  • The Debit Card (MasterCard) that is linked to the Checking Account is used for spending on everyday items.

Direct Spending (Pull Method)

With direct spending, PTaUSDC is withdrawn (pulled) from the Web3 wallet directly at point of sale.

On a technical level:

  • User approves their PTaUSDC to be spent by the contract.

  • The withdrawFromPool() function is called, and it withdraws from the pool:

    • Function burns PTaUSDC and withdraws USDC to the user's wallet.

  • User approves their USDC to be spent by the contract.

  • The function performTradeForSpecificAmount() is called, which deposits the USDC into the contract.

  • The USDC is auto-converted into the checking account

Where can I use my card?

The PoolTogether Debit Card is accepted by over 40m merchants worldwide. It’s a Mastercard.

Are there any country restrictions?

The Pilot will launch in the US with plans to expand to other countries in the coming months.

Does Juno custody the deposits?

No, you can spend your PoolTogether balance directly from a self-custody wallet of your choice.

There is a daily transaction limit of $10,000.

How does it relate to my wallet and my key?

In order to use this service you have to undergo a KYC process with Juno. We suggest creating a dedicated wallet to use for this service.

Reminder: Never share your private key with anyone.

What about fees? Withdrawing has fees.

PTaUSDC to USDC to USD is always 1:1. You only pay the network (gas) fees for the withdrawal.

What chain/s are we talking about?

Spending works with deposits on Optimism, Polygon & Ethereum.

Will there be rewards?

Yes, users will receive <redacted> in addition to <redacted> by spending with their PoolTogether card.

How can I get access?

Any open Questions?

You can reserve your personal handle and save your spot on the waitlist for the PoolTogether Debit Card by Juno .

Visit the or .

here
Juno Helpcenter
join the PoolTogether community on Discord