Winning More Prizes

Leighton Cusack
PoolTogether
2 min readApr 22, 2020

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PoolTogether is a prize savings protocol built on Ethereum. Prize savings accounts offer no interest on deposited funds and instead give you the chance to win prizes. The prizes are derived from the interest accruing on all funds deposited — no one loses their money and everyone has a chance to win!

So far over $20,000 has been awarded to people saving money in the protocol. Today we’re sharing a new way to help even more people win, it’s called Pods.

Pods: combining tickets

A pod is an audited smart contract enabling players to combine their tickets and proportionally split a prize won by any of the tickets!

For example, if you put 100 tickets into a pod which has a total of 1,000 tickets you will receive 10% of any prize won by any of the 1,000 tickets. Being in a pod gives you a higher chance to win a smaller portion of a prize.

You can have tickets in a pod and also have solo tickets in the pool at the same time. You can also swap tickets between the pool and a pod whenever you desire.

To get started, there is only one pod available, in the future we will launch a simple way for anyone to create their own pod. Join the new pod right now!

Security & Risks

The “pod” is a new open source smart contract. As such, we’ve obtained a formal third party security audit by Zeppelin, you can read the report here. All issues in the report have been addressed prior to launch.

We do everything we can to ensure the security of the protocol, however, we can not guarantee security and users should not deposit funds into PoolTogether that they cannot afford to lose. You can read more about the risks of using PoolTogether and what we have done to mitigate them here.

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