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PoolTogether
HomeGlossary TermsPoolTogether

PoolTogether

April 14, 2024BY marius
151Views

PoolTogether is an open-source decentralized blockchain protocol that introduces “no-loss prize pools” into its system. Users can deposit their cryptocurrencies into designated pools and, in return, receive tickets that can be redeemed for prizes. By incentivizing token holders to contribute liquidity, PoolTogether enhances the overall liquidity of the protocol while allowing developers to generate passive income by lending users’ assets and facilitating the prize redemption mechanism.

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