The PoolTogether V5 Upgraded With Crosschain Swaps V5 Vaults Via Jumper

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Written by

#Club1BCH

10 months ago

Topics: PoolTogether, Pool, Optimism, Jumper Finance, Cryptocurrency, ...

We have to adapt and transform if we want to keep afloat in the Cryptoverse. This is why I fully embraced the PoolTogether V5 and all the new upgrades added with the deployment of the newest version. V5 marks the transition of the protocol into a permissionless prize-savings hyperstructure that is accessible to anyone and can run indefinitely, without the need for human intervention.

PoolTogether V5 is the pool to rule them all! The no loss prize savings protocol that allows the poolers to win big! No hidden fees, no locked period and the possibility to withdraw your assets in full at any time! On top of that... V5 prizes are distributed in the pooler's wallet and cross-chain swaps via Jumper makes deposits even smoother!

Diving into PoolTogether was simplified with cross-chains. The partnership with JumperExchange now lets you swap from any token on any chain straight into the PoolTogether V5 vaults on Optimism. No more hustle, no more "ohh... my funds are not on this chain!" issues!

PoolTogether brings solutions to crypto savvy people, and crypto savvy people know that the daily draws on V5 can bring a wide range of $POOL prizes.

So.... Crosschain Swaps into V5 Prize Vaults are live on Jumper! How this changes the process? You can move your funds from any chain and enjoy the lowest bridge fees. I am sure that most of the routes will be via Across, because at Across the route optimization brings maximum capital efficiency!

If you are still a fan of "Do It Yourself" ... let me drop some good news! You can get $OP rebase when using Across to bridge to Optimism. How is this possible? Across received 750,000 $OP to distribute to users when they bridge onto the L2 chain.

Optimism is an anchor of the Ethereum ecosystem and Across Protocol has long been one of its supporters. Now, Across users can receive 95% of their bridge fee back in $OP when they transfer to Optimism. You bridge and the OP rebase makes the fees as low as few cents!

I always use Across when bridging, and bridging cross-chain for $0.03 is a no-brainer! For those looking to explore PoolTogether... there has never been a better time!

Let's go back to PoolTogether, one of the OG protocol. The V1 was launched back in 2019, the dinosaurs era in the Cryptoverse, as a protocol designed to help users grow their savings in a fun and engaging way.

This amazing journey reached V5 a new stage, the permissionless prize-savings hyperstructure with user-friendly UI. This web3 baby is royal, heir for the DeFi crown!

Cash is king? Do you know that PoolTogether distributed over $10,000,000 to the poolers? TEN MILLION AND NO-LOSS! Absolutely zero cents were lost since 2019!

I become a pooler in the spring of 2022, going down the rabbit hole for a meme competition, and stayed. Now PoolTogether and $POOL are my long term plan for a better tomorrow!

Yes... the older versions were good and helped users experience DeFi at higher standards... but V5 is on steroids! You have the same PoolTogether experience... but better!

The V4 winners had to claim prizes before they expired after 60 days, but now is simple! With V5 you have to deposit or swap in, and when you win, your prizes are automatically sent to your wallet. No more claiming necessary, no gas, no hustle!

How poolers are saving and winning with V5? They will deposit into prize vaults or cross-chain swap with Jumper, 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! You can't help it... you will wolf-whistle at this beauty!

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.

In normies words? You can watch TV, go touch some grass... or do whatever tickles your balls... and the $POOL prize is sent into your wallet. Check it as often as you want... and tell your frens'

There are two user interfaces you can pick from, Cabana.fi and Pooltime.app, both offering the same tools and loss free options. The permissionless prize-savings hyperstructure is accessible to anyone, and new UIs can be created.

My brain waves got elevated after winning $POOL soon after I deposited through Pooltime! Then I won again... and again...

Why I am so exited about PoolTogether V5? There are dozens of top prizes in the daily draw and no loss in four years of history. There was no exploits, no third-party incidents, no drama!

The same level of security is available with V5, as the new smart contracts have been audited three times by two separate security firms. It feels like Gandalf is protecting us from crypto orcs!

The V5 is currently available only on the Optimism blockchain, with other chains and with other assets to become available in the future. PoolTogether is that community that brings together all type of chads, from meme lords and degens to big brain people like Vitalik!

Let's conclude this with stats and numbers! I had my first V5 deposit one month ago, with instant success. I won 11 times since then, including a whooping 24.88 $POOL prize.

The big gift was topped up with 10 smaller ones, summing to 35,66 $POOL tokens. This is DeFi made easy, and one of the best ways to win while you relax!