PoolTogether Is The Great Narrative Of 2024

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Written by

#Club1BCH

10 months ago

Topics: PoolTogether, Pool, Optimism, Cryptocurrency, Blog, ...

My DeFi mentality is to always look for the best narrative and for that new project that will bring benefits to the whole crypto ecosystem. Sometimes that "next big thing" is just an old thing that was made better!

We have to adapt and transform if we want to keep afloat in the Cryptoverse. PoolTogether V5 marked the transition of the protocol into permissionless prize-savings hyperstructure. The upgrade made it accessible to anyone and gave the protocol the power to run indefinitely, without the need for human intervention.

The no loss prize savings protocol that allows the poolers to win big upgraded for an even better user experience! No hidden fees, no locked period and the possibility to withdraw your assets in full at any time! On top of that... the V5 prizes are distributed in the pooler's wallet and the cross-chain swaps via Jumper made deposits even smoother!

How poolers are saving and winning with V5? Users deposit into prize vaults, and the vaults earn yield. The yield is sold for POOL which is added to the prize pool, and the daily draw determines the winners. If you are one of the winners, the bots will distribute the prize and keep the protocol running!

PoolTogether V5 is fully decentralized, with no governance controls, no voting, no multi-sigs, no permissioned roles. The V5 deployment removes manual protocol governance and replaces it with automation powered by a series of incentivized auctions.

There are two user interfaces you can pick from, Cabana.fi and Pooltime.app, both offering the same tools and loss free options. This machine was made to run forever, like the Snowpiercer!

Why I love PoolTogether so much? Let me list it for you: top prizes in the daily draw and no loss in four years of history. Since 2019.... no one has lost a single cent! No exploits, no third-party incidents, no drama!

Why I love the PoolTogether community more than others? There is never a dull day with the poolers! The latest mega-event organized was a gigantic meme competition, with over $200,000 USDC in delegations allocated to the campaign! PVM took the meme lord gear out of the chest and gave it his best try. Give Crypto Elite a standing ovation for winning the competition and at least a clapping to PVM for being runner-up!

The prize for being second place was still amazing, receiving $50,000 delegation! The amount was delegated to my wallet, increasing the chances for daily prizes.

When I said "increasing" I was humble, as the chances went to 100% each day. Some days I won more, some days I won less... but I won $POOL every day since I received the delegation.

Please note that I won 30 $POOL before the delegation, and 327 tokens since then. The POOL token is still highly under-rated, and a value between 0.3 and 0.4 is an excellent farming point. Even at this discounted value, I won over $110 in daily prizes since the delegation from the meme competition was sent.

There's no dull day with the poolers! OP rewards went live and was no better time to have $50,000 delegated to my wallet. The guaranteed OP rewards were available for the USD, DAI and wETH pools ... and I earned a fair share while they were on!

In two weeks I farmed 59 $OP tokens, which was a top incentive for saving with PoolTogether. The ecosystem is still volatile but saving with PoolTogether makes it bearable. Enjoying the benefits of web3 while saving and earning daily prizes... this is why PoolTogether Is The Great Narrative Of 2024!