PoolTogether Community Newsletter #5

A Prize Pool Network, Getting started in the PoolTogetherDAO, Avalanche ahead, Pool Poetry, $sOHM did it again, Winning Mirror's Write Race, Gov Weekly

Nov 14, 2021

Hey Poolers 🌊🏆

another week of winning went by, so let's have a look at the waves we were making. The V4 prize pool just passed $15 million deposited after 1 month since it's launch. This isn't just a milestone for the highest amount of funds ever deposited into the protocol, but also shows the potential of what is still to come.

One of the main aspects of PoolTogether V4 is one shared prize pool across all chains. The newly implemented Prize Pool Network allows users across all (implemented) blockchains to combine their assets in a single pool of liquidity. This will get even more exciting once the protocol expands to other Layer1 solutions like Avalanche or Layer2 rollups, such as Arbitrum or Optimism. Keep reading for some good news on that.

How to contribute to the PoolTogether DAO

Last week we dove into PoolTogether's communications and learned how to keep up to date with everything happening in the ecosystem. Now it's time I show you how to get started in the DAO, depending on how much time you can spare.

Just to put it into perspective: I've started as a quiet reader on PoolTogether's Discord server and now you probably won't be able to miss me if you're on there. Tell us where you're at and what you want to do, and we'll try to pick you up from there.

First Steps
🚪Join the Discord.
📜Read our rules in #welcome.
👉Pick your roles. You can always change them later.

What if I'm short on time? 🦐

🗳️ Vote with $POOL or $pPOOL on governance proposals.
💬 Hang out with us on Discord.
🐦 Follow us on Twitter and engage! (@PoolTogether_)
📜 Subscribe to the Community Substack.

I have a few hours to spare 🐟
All of the above and...

🎙️ Join the weekly Community Call & Swim Meet on Fridays in #PoolTogether Live on Discord. Add the calendar feed to never miss a call again.
🤝 Come collaborate with others in #swim-team.

I would like to contribute some time 🐬
All of the above and...

🗣 Participate in discussions on the governance forums.
🤹 Let everyone know about your skills, so we can add you to the contributors spreadsheet.

I want to fully emerge in the PoolTogether DAO 🐳
All of the above and...

💡 Submit a Request for Proposal to improve the protocol.
🚧 Submit an application for a grant to the PoolGrants Committee.

This should give you a rough guideline on where to get started and what to do. Feel free to ask all your questions on Discord, find out more about our Communication Channels, or visit the PoolTogether Docs.

Avalanche ahead!

Avalanche is ready to be hit by a wave. PoolTogether V4 is all about cross-chain and it's time to show people how powerful this is! A few things:

There will be a governance vote to decide if we want to deploy the V4 protocol to Avalanche.
Targeted launch date is December 15th, if the vote passes.
Along with this launch, incentives will be coming to V4 provided in the form of $AVAX (Amounts are TBD).

🔗Read more on the Governance Forum.

Support PoolGrants at Mirror's Write Race 🏇

Click here to help us get PoolGrants into MirrorDAO. Voting is free and opens every Wednesday for just two hours. #NoLo

What's Mirror.xyz?
Mirror is a decentralized and community owned writing-platform. They host a weekly showdown between writers, called $WRITE RACE, where the community votes for publications and writers they want to see join the platform next. At the end of each week, the top 10 writers are awarded one $WRITE token, which can be redeemed for a MirrorDAO membership, an ens-subdomain, and future community perks.

Pool Poetry - Poem Contest

Last week also surprised us with another spontaneous community contest on Discord. Torgin called for everyone to show their poetic side in #memes.

The winners are:
🥇 treebeard (1 $POOL)

Look at your savings
Zero percent APR
Use PoolTogether

🥈 Thumbs Up Finance 🌊🏆 (0.5 $POOL)

There’s a tsunami
that’s coming ashore
A no-loss lottery
With prizes galore
The more that you save
The more that you win
To your friends you’ll rave
Pools warm, friend, dive in!

And as a honorary mention: BraveNewDeFi 🐢🛡🌊🏆 🦙, who kingly opted out. Honor > Money

A gambler is always distraught
When he loses his rent in the pot
But with PoolTogether V4
He loses no more
For he saves and can win quite a lot!

We all know PoolTogether only brings up winners, so we called the No Loss spirits and awarded 0.2 $POOL for participation to everyone who submitted a poem. #NoLo
Prize pot sponsored by Torgin & Tjark

$sOHM pool did it again 💥

It happened again! This is how PoolTogether and OlympusDAO have the power to completely change someones life within a single drawing. 🐟 1 $sOHM → 254 $sOHM 🐳

Call for Feedback 📣

The best Newsletter in DeFi
- Leighton Cusack, Co-Founder of PoolTogether

To be fair - he's gotta say that. After 5 issues I'd now like to hear some real feedback. The Community Newsletter is not called Community Newsletter for nothing. If you have two more minutes, be awesome and put your thoughts, ideas & wishes into this short feedback-form.

Prize Talk 🏆

You know what's the best marketing? Personal success stories. Help others become winners and tell your story! Share your luck with the world and make sure to tag @PoolTogether_ & #prizewave.