PoolTogether Community Newsletter #26
POOL Tokenomics, Prize Tiering Live, Chainlink VRF v2, Bacor 🤝 PoolTogether & much more inside! 🌊🏆
Hey Poolers,
Welcome to your weekly news splash of updates, vibes & tweets from in and around the pool. As always community-led, and community focussed!
POOL Tokenomics: Time for a POOL Party! (Part 3) 🎡
PoolTogether’s vision is clear; the protocol will be the underlying infrastructure for prize savings worldwide. The first two POOL Party posts (Part 1 | Part 2) outlined the strategy to grow the protocol by focusing on prizes.
Leighton’s third post ties it all together. In short:
📥 Accept more assets
🧑🌾 Get better yield
🏆 Create more prizes
The POOL token can unlock PoolTogether’s potential to be a prize savings machine that powers the growth flywheel. This is your opportunity to get involved and make this tokenomics proposal your own.
👉 Read & comment on Time for a POOL Party on the Governance Forum
POOL Prize Tokenomics: Motivations 🎯
The new POOL token economics also means that prizes will be distributed in the form of the POOL token. In his post, Brendan explores the motivations and potential impact of that.
The POOL token is a natural choice for several reasons:
POOL prizes turn users into owners
The narrative remains simple: win and use the POOL token for PoolTogether
Focused liquidity: we just need to deepen POOL liquidity
Existing adoption
The protocol has a large reserve of POOL tokens
The protocol controls POOL token issuance
👉 Do you have open questions? Come and ask here!
New Prize Tiering Live! 🏆
The new Prize Tiering is live! POOL token holders voted on the third prize adjustment since the all-new PoolTogether launched. 87 unique voters came together for this proposal!
The outcome adds up to 1024 prizes, giving out $7,180 to PoolTogether users daily. New on the menu: $50 prizes!
App available in Korean & Filipino 🌏
PoolTogether is for everyone. Living as code on the blockchain, the protocol is already globally accessible. But access is not all; everybody should be able to understand what they’re doing while using PoolTogether.
Thanks to PoolTogether community members bab (Korean) and mon (Filipino), the App is now available in two additional languages.
Are you fluent in a language that’s still missing in the App? Reach out on our Discord server!
Season 1 NFTs - Week 6 🌊🌊🌊🌊🌊
PoolTogether’s Pool Party Season 1 goes into the sixth week. That means:
A new mission
Claiming for week five is live
And time to flex your collection!
Do you like winning? Because this one is for the winners!
This week’s mission is valid until May 2nd at 19:00 UTC. If you didn’t win yet, it might be time to up your deposit.
👉 Check the mission for week 6 & claim your NFT for week five here!
Chainlink VRF v2 integrated ⛓
PoolTogether integrated Chainlink VRF v2 to help power a provably fair and tamper-proof reward distribution mechanism in its no-loss premium bonds protocol—providing far more transparency than centralized alternatives.
USDC Withdrawals to Polygon now on Binance
It's easier than ever to access PoolTogether! Binance now allows direct USDC withdrawals to Polygon:
Bancor 🤝 PoolTogether
glenn of the Bacor community has posted a proposal on the Bancor governance forum to whitelist POOL with a 100k BNT trading liquidity limit, which would allow space for roughly 50k POOL to be staked single-sided.
What’s Bancor?
Bancor is a decentralized trading protocol empowering traders, liquidity providers & developers to participate in an open financial marketplace with no barriers to entry. No one needs permission to use the open-source Bancor Protocol.
What’s the Bancor DAO?
Just like PoolTogether, Bancor is owned and operated by its community as a DAO. The Bancor Protocol is governed via a democratic and transparent voting system which allows all stakeholders to get involved and shape Bancor’s future.
👉 Check out the Proposal on Bancor’s Governance Forum
Governance Updates 🏛
POOL token holders voted on two proposals during the last week:
PTIP-70 Uniswap V2 POOL rewards renewal
PTIP-71 Extend POOL Pool Emissions
Both proposals reached quorum with 100% consensus! Poolers reward poolers. 🤝
Apart from that, governance is as busy as ever! Here is an overview of currently active discussions to get involved:
PoolTogether on GM
Are you a gm’er? Join our community space on gm! Noxe is spearheading the mission to make PoolTogether popular on crypto’s answer to Reddit.
What’s GM?
Their immediate goal is to make creating and managing communities as easy as spinning up a subreddit. Longer-term, gm hopes to build the first crypto-native, decentralized, and user-owned social network.
👉 Follow this link to check it out
Sharing is Caring: Getting Started With PoolTogether Deposit Delegation 🐙
The Deposit Delegator is PoolTogether’s newest feature. It’s a tool to reward others without actually giving something away. PoolTogether-native content creator Thumbs Up Finance came up with an article explaining this tool and its use cases.
👉 Read Sharing is Caring on Medium
The best thing about it: It’s super easy, and everyone can use it! Here’s a video that shows how to make someone happy using the Deposit Delegator:
PoolTogether 101 on Filipino 🇵🇭
Filipino poolers, listen up! Want to learn about the history of PoolTogether? Committed PoolTogether contributor Mon got you covered with the first two pieces of his “PoolTogether 101” on our new Substack on Filipino.
Congrats on the Baby, DaBoom & DaWife 💌👶
Poolers who regularly visit PoolTogether Discord know and love DaBoom. He’s an active contributor on all levels in our community. This is why members of the PoolTogether community came together and wrapped up a little present for the newly born baby and officially youngest member of our community! It’s a Charged Particle NFT living on the Polygon network, and is filled with a whole load of POOL, PTaUSDC, ETH & more. Welcome to the pool, little one, and congrats on winning the grand prize of life, DaFamily!
PoolTogether Community Interview #23: gambrill 💌
This week’s PoolTogether community interview features a true digital native: gambrill. He lives in the backwoods of New Jersey (yes, that exists), was selling on eBay before some of you were born, and hosts his own podcast.
👉 Read the full interview with gambrill on Substack
PoolTogether Community Podcast #16 - Taliskye from PoolTogether 🔥🎙
Are we on the darkest timeline? Or maybe it's the strangest one? This week, PoolTogether Contributor and all-around nice guy Taliskye joined us on the podcast.
The many different aspects of spicy water
The inflationary nature of cryptocurrencies
Play-to-Earn Butterfly Fighting
Sweet PoolTogether Alpha
NFT projects rewarding holders with PoolTogether Delegations
👉 Listen on Substack⏐Apple Podcast⏐Spotify
Reminders 📝
👁 Kames’ Retrospective: 1 Year at PoolTogether
🌱 Community Update March
🐢 Community built open-source API for Prize Stats by underthesea
🎩 RabbitHole x PoolTogether
🌱 22 Stories 👉 Claim your Anniversary POAP
👁 Real Vision Finance Interview
🤝 No Loss Donations to Unchain Ukraine
Tweets 🦩
Stay wavy & see you all around the pool! 🌊 🏆
The PoolTogether Community Substack is International! 🌎
Follow us in a language of your choice: 🇨🇳 Chinese⏐🇫🇷 French⏐🇪🇸 Spanish⏐🇹🇷 Turkish⏐🇮🇳 Hindi⏐🇵🇭 Filipino
Do you want to contribute yourself? Get in touch with us on Discord!
