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 a Prize Linked Savings account powered by the blockchain. It's:
Prize draws at PoolTogether are transparent: anyone can confirm who won, when, and why.
The protocol empowers everyone to save. It offers a level playing field where every user enjoys the same conditions.
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 for everyone to verify and validate. On top of that, PoolTogether undergoes regular audits.
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