PoolTogether Community Newsletter #36
PoolTogether Community Newsletter #36
Liquidity Mining Rewards on Arrakis, Optimism Pool Party continues, No Loss November, Stake your ETH & support a good Cause, Pfers have landed & much more ππ
Sup poolers
Letβs not play it up. The last weeks have been hectic for most people! FTX blew up and the CeFi crypto sector struggled to a certain extent. A famous quote on PoolTogether Discord has been: "Treat centralised exchanges as a public bathroom - get in, do what you gotta do and get out."
And things are getting easier! Tools like the Coinbase MPC wallet, Rainbow, Metamask, or Zerion help you get access to crypto on Layer2s with their fiat onramp features. Self-custody is finally cool again!
Amid all the confusion one thing is clear. Decentralized finance continued to work at all times. Non-custodial and immutable blockchain protocols like PoolTogether remain untouched from all recent events. That being said, letβs hop into the updates!
PoolTogether News π
Liquidity Mining Rewards Live on Arrakis.finance
Good news for all POOL hodlers: you can now earn POOL rewards for providing WETH/POOL liquidity on Polygon! For the pilot program, 1000 POOL will be distributed over 30 days.
How to participate
Navigate to our vault on Arrakis.finance to add liquidity. Claim your POOL awards as they accrue. You can withdraw or add more liquidity anytime.
Please be aware of the risks of providing liquidity.
Whatβs Arrakis?
Arrakis is a liquidity management protocol built on top of Uniswap V3. With Arrakis, a project or individual can create a vault that allows liquidity to be managed in an automated way on a concentrated liquidity DEX (i.e., Uni V3). The βvaultβ is a Uniswap V3 positionβan ERC-721 (NFT)βthat is fractionalized and represented by ERC-20 tokens for those who deposit into the vault. This feature allows projects and users to provide liquidity through Arrakis and enjoy a user experience that mirrors that of depositing into a Uniswap V2 pool.
The Arrakis protocol is non-custodial and openly governed by the Arrakis DAO.
πΒ You can find the WETH/POOL Vault here
Optimism pool party continues π΄β¨
Thanks to the successful outcome of voting cycle 8 on Optimism token house governance, PoolTogether has received 380,000 additional $OP tokens for user rewards.
This means the $OP rewards have been extended for all PoolTogether depositors on Optimism until March 28th, 2023!
The rewards continue to accrue in real-time and are claimable every Tuesday at 7 pm UTC in theΒ PoolTogether app.
πΒ You can help spread the news by sharing this tweet or the Mirror article
No Loss November
The last weeks have been hectic. But thanks to the PoolTogether community, thereβs absolutely no reason forΒ youΒ to be losing this November.
The PoolTogether protocol is non-custodial and community-run. As a little extra extra, you can double-win this month. All you have to do is to increase your deposit. Itβs that simple!
If youβre lucky, you are one of the winners of a $50,000 delegation boost. So let me summarize this for you. By depositing into PoolTogether this November, youβ¦
increase your savings in USDC
increase your chances of winning prizes
increase your share of $OP token rewards
andΒ are eligible to become one of the lucky fish taking home a 50k delegation!
More information in the tweet:
Donβt forget to follow poolmanager.eth on Twitter for more news like this:
New Design Lead @ PoolTogether Inc
Over the last weeks PoolTogether Inc has actively been looking to hire for multiple positions. After Ncookie recently joined the team as Junior Software Engineer, PoolTogether Inc has good news about the Lead Designer role to share.
With this PoolTogether is hiring their first full time designer for two years. Welcome, Alex!
Weekly Winner Report π
Markets might be down, but last weekβs winner report was up! Here is the report for week 46 of 2022:
πΒ You can collect our weekly winner reports on Lens! Just follow PoolTogether.lens to not miss any.
PoolTogether Governance Overview π
Are you interested in a .pool domain? πΒ Check out Noxeβs [RFC] TLD domain using punk.domains
Borrowing against your POOL tokens? πΒ RFC - POOL loans with PWN by BRONDER touches on this
Have you signed the PoolTogether Protocol Constitution yet? βοΈ
Discuss all this and more on the governance forum: gov.pooltogether.com
Community Vibes β¨
New community UI for the Polygon POOL pool
The Polygon POOL pool now has its own URL and user interface, thanks to underthesea.
The UI is open source and allows deposits and withdraws, shows the winners of the most recent draw, a list of players, and some other general stats.
πΒ You can find the pool on https://polygonpool.win
OPeration Education: Shivansh
Pooler Shivansh proved his skills as educatooor in front of an audience in Chennai, India. Under the motto OPeration Education, Shivansh showcased the power of PoolTogether on Optimism in a PoolTogether 101 class. Some pictures from his presentation:
Stake your ETH and support a good cause: stETH.win
stETH.win is a PoolTogether V3 community pool by our turtle fren underthesea.
You can pool your Staked ETH tokens for weekly draws. The ETH yield is split in two ways:
50% to a good cause (currently givewell.org)
50% to twoΒ random poolers
So by depositing, you are guaranteed to win by supporting a good cause immediately!
In order to ensure fairness, there is a 1% in place that decays over the 7 days to zero. Poolers can withdraw in full without any fee after 7 days.
πΒ Check out stETH.win, or have a look at the user documentation.
Web3 Savings Cards
Web3 Savings Cards for PoolTogether have launched!
A Web3 Savings Card is a digital collectible connected to your PoolTogether account. It changes in real-time and visualizes your savings power in the pool. The Savings Cards are currently available on Optimism and Polygon.
πΒ You can mint your personal Web3 Savings Card for free here (just pay gas).
pfers have landed π¦
Long anticipated and finally here: pfers. pfers is a Pooly derivative meeting mfers and has positively infected the PoolTogether Discord server and Twitter timelines.
69% of all funds go towards Friends of Pooly and their mission to defend DeFi.
pfers is a project by David. Heβs a long-time pooler, whose work includes the art for Pooly NFT and the beloved treasure chest animation.
πΒ The mint is ongoing, so you can still mint pfers for 0.0042 ETH here.
PoolTogether Community Podcast feat Savvy
Traditional finance is ripe for disruption and in this episode of PoolTogether Community Podcast, we haveΒ Roman GilerΒ and Mordi Klein fromΒ Savvy.
Savvy is a non-liquidating crypto lending protocol and itβs about to launchβ¦ you come here for the alpha, and we give you the alpha. They talk about their introduction into the space, the issues they see in traditional finance and how Savvy could play a part in the future of DeFi.
πΒ Listen on SubstackβApple PodcastβSpotify
Live Recording every Wednesday!
The podcast is recorded live on Discord every Wednesday. Yes - you can join and ask your question in the chat. This ****Week on the pod: Smoothie
πΒ Sign up for the event on Discord
Tweets from the poolπ¦©
Stay wavy ππ
You can expect these newsletters every two weeks from now on. That means every second Monday, youβll get a fresh news update.
Thanks for reading and see you next time, Poolers!Β Before you leave, make sure you..
Increase your deposit for more OP Rewards & No Loss November
Pool your staked ETH on stETH.win
Join us every Friday for the Community Call on Discord
Turn on Prize Notifications on Telegram, Discord or Push
Subscribe to our newsletter and mirror blog
Hi everybody, Go2sh .. !!!! β₯οΈπ