https://github.com/pooltogether/documentation

Documentation published at https://docs.pooltogether.com/ on how to use the new PoolTogether protocol.
https://github.com/pooltogether/documentation

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Documentation published at https://docs.pooltogether.com/ on how to use the new PoolTogether protocol.

• Host: GitHub
• URL: https://github.com/pooltogether/documentation
• Owner: pooltogether
• Created: 2020-04-17T18:48:27.000Z (over 4 years ago)
• Default Branch: master
• Last Pushed: 2022-02-18T17:46:21.000Z (almost 3 years ago)
• Last Synced: 2024-04-23T21:42:35.268Z (9 months ago)
• Homepage: https://pooltogether.com
• Size: 4.68 MB
• Stars: 12
• Watchers: 5
• Forks: 8
• Open Issues: 1
• Metadata Files:
  • Readme: README.md
  • Security: security/audits-and-testing.md

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README

        
# ✨ Introduction

[![PoolTogether Brand](https://github.com/pooltogether/pooltogether--brand-assets/blob/977e03604c49c63314450b5d432fe57d34747c66/logo/pooltogether-logo--purple-gradient.png?raw=true)](https://github.com/pooltogether/pooltogether--brand-assets)

## ✨ Introduction

PoolTogether is a protocol for no-loss prize games on the Ethereum blockchain. The protocol:

**1\) Enables developers to build their own no-loss prize games  

2\)** **Offers governance-managed no-loss prize games**

Prize games are pools of funds whose accrued interest is distributed as prizes. The concept is well-established and otherwise known as "[no loss lotteries](http://beniverson.org/papers/MaMa.pdf)" or "[prize savings accounts](https://en.wikipedia.org/wiki/Prize-linked_savings_account)".  All prize games created by the protocol share the same key characteristics:

* No loss of deposited funds

* Ability to withdraw at any time

* Fair prize distribution according to a prize strategy

Prize games can be differentiated in the following ways:

* The yield source the prize pool uses to generate no loss return

* The prize strategy used to determine frequency and distribution of prizes 

* The additional rewards offered by the prize pool

* The asset type the prize pool accepts for deposits 

* The fairness parameters 

### Governance

The PoolTogether Protocol governance serves two primary functions.

* Governing the prize pool creation tools

* Governing a sub-set of prize pools

The protocol governed prize pools appear on the official [PoolTogether App](https://app-v3.pooltogether.com). Governance is currently the core PoolTogether team, but very soon governance control will be distributed amongst protocol stakeholders.

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