What is PoolTogether?

PoolTogether is a decentralized open-source blockchain protocol that makes use of "no-loss prize pools." The system works by allowing users to deposit their crypto into a specific pool and receive prize-redeemable tickets in exchange. If a user has tokens deposited into the liquidity pool, they have a chance to win prizes. PoolTogether built this model to incentive token holders to increase the overall liquidity of the protocol, as well as to allow the developers of the project to passively earn income for lending out users' assets while facilitating the prize redemption model.