$97,394.00
2.25%$3,397.85
2.11%$2.24
3.29%$666.08
1.64%$186.17
-1.16%$0.324958
9.50%$0.999083
-0.21%$3,391.84
2.13%$0.921365
7.62%$0.245723
2.17%$38.61
4.40%$22.88
4.46%$4,030.64
2.78%$4.69
13.82%$5.32
1.93%$0.00002213
8.61%$97,166.00
2.06%$32.98
23.58%$0.360456
4.63%$7.10
6.24%$0.256329
0.27%$3,396.20
2.38%$451.61
7.41%$9.29
0.73%$13.35
10.47%$100.74
6.82%$0.00001774
10.88%$3,580.37
1.80%$5.15
3.51%$4.26
1.03%$0.999226
0.05%$9.91
-5.94%$0.999359
-0.18%$10.52
7.50%$307.62
3.23%$0.16274
4.57%$0.485311
6.27%$1.19
2.62%$26.42
2.94%$7.30
7.56%$0.04671235
9.45%$3.82
2.61%$191.91
9.68%$24.42
-0.35%$466.76
4.12%$1.31
4.27%$0.767717
4.20%$1.085
8.18%$5.03
6.72%$0.121392
-0.81%$1.019
7.82%$0.33525
6.95%$44.99
1.45%$2.66
15.65%$6.71
4.99%$1.73
3.44%$1.73
1.70%$1.81
4.13%$0.00003134
11.45%$1.39
3.53%$5.10
5.65%$0.977795
25.76%$2.19
16.09%$21.30
6.25%$3,397.44
2.63%$97,403.00
2.54%$0.212183
5.12%$2.01
7.62%$0.02895295
13.01%$0.433695
5.25%$2.25
5.97%$5.14
2.44%$3,502.54
2.79%$0.997212
-0.32%$3,796.57
2.44%$0.00017184
5.86%$13.01
5.18%$0.03395406
7.51%$112.71
8.41%$20.03
15.20%$3,563.88
1.59%$1.73
8.35%$0.03648537
11.17%$0.02751296
1.51%$97,068.00
1.73%$1,649.26
1.57%$0.02755966
8.49%$3.32
-0.35%$0.999916
-0.08%$0.572739
8.73%$0.373389
4.55%$1.36
3.98%$11.23
5.58%$0.225338
2.42%$1.29
11.46%$97,158.00
2.88%$0.130764
6.71%$4.44
5.76%$3,498.68
2.81%$0.814793
6.89%$6.96
5.69%$190.60
-1.39%$35.40
3.05%$1.62
11.53%$0.844948
2.11%$0.075839
11.81%$0.717029
6.32%$0.487883
3.94%$16.54
1.98%$53.96
4.52%$0.299237
5.82%$1.48
5.85%$0.933337
3.88%$0.00000108
4.70%$232.24
-0.81%$0.812471
9.72%$1.094
3.22%$14.23
3.56%$6.28
9.32%$34.91
8.06%$0.483451
5.89%$0.482493
5.02%$96,421.00
0.72%$96,810.00
1.56%$0.869278
-29.74%$3,400.43
2.96%$5.16
12.22%$1.17
6.78%$53.13
16.41%$3.85
-2.11%$2.97
0.02%$0.00000207
-4.13%$0.721884
10.24%$3.22
4.77%$0.086282
6.32%$3,397.92
2.19%$0.161308
4.77%$0.272613
3.71%$0.997641
-0.08%$0.753469
2.74%$0.792484
30.47%$0.613078
5.34%$199.32
-0.48%$82.09
8.10%$3,392.44
1.66%$1.92
2.92%$1.57
10.10%$2.40
4.14%$0.00003519
4.77%$2.05
-0.26%$266.88
7.62%$0.00672371
6.53%$0.325746
9.82%$21.12
1.86%$1.48
5.94%$0.00790342
3.95%$96,527.00
1.72%$0.00643782
5.13%$0.753907
5.92%$0.17999
4.16%$2,629.59
0.02%$0.995147
-0.17%$0.643019
3.73%$0.634703
1.38%$5.73
6.56%$3,567.27
1.75%$0.00011331
11.66%$0.01136316
11.62%$3,677.56
2.18%$2.47
11.87%$1.25
-9.92%$0.00
13.37%$0.00840213
8.07%$18.40
-0.42%$3,399.95
2.23%$1.095
11.70%$0.08323
4.73%$10.91
4.44%$0.00626607
7.62%$26.50
4.64%$0.264341
3.60%$0.392081
6.22%$1.31
15.63%$0.077868
0.04%$1.016
-0.78%$0.9986
-0.30%$97,363.00
2.43%$2,623.52
0.21%$1.26
9.24%$13.95
15.28%$96,313.00
2.30%$0.00000052
2.11%$8.81
-13.37%$0.05222
17.78%$0.497488
15.16%$1.49
0.16%$31.29
14.13%$3,348.05
0.08%$0.999645
-0.33%$0.01084532
8.05%$3,395.80
2.04%$4.88
5.50%$0.434444
8.00%$0.00620339
13.41%$0.290674
53.97%$97,101.00
1.94%$0.060718
5.12%$1.07
-2.69%$37.14
6.40%$3,545.00
1.52%$3,650.77
1.81%$0.06497
5.44%$0.00248758
9.26%$0.00633695
5.60%$0.0056081
9.77%$2.06
4.57%$0.00098603
7.59%$0.0212231
8.76%$1.008
0.99%$3.15
4.84%$5.22
4.48%$0.071575
0.31%$1.077
-0.35%$89.19
1.93%$0.224136
7.75%$0.00000318
6.20%$25.07
32.82%$0.464265
4.92%$0.210034
5.04%$0.999076
-0.19%$3,749.28
3.04%$2.44
-3.32%$0.03768502
3.07%$0.00000018
4.88%$0.66708
7.17%$0.894464
4.16%$0.99913
0.15%$3.41
7.40%$0.366149
50.25%$2.87
-5.24%$0.137359
1.33%$45.54
5.36%$3,404.39
2.45%$0.01061642
7.48%$0.03557662
6.32%$0.355116
4.52%$0.354838
2.70%$3,580.06
2.36%
A crypto-powered lottery has helped one lucky winner turn $74 into just shy of $40,000.
PoolTogether doesn’t cost money—in a sense—to play; instead, you enter it by depositing cryptocurrency tokens. It uses those tokens to generate a yield, and it’s this yield that is put into the lottery and shared out among those who participate. So, it’s a matter of perspective: You’re not losing anything by participating, although you are missing out on some yield that you otherwise might have gained.
On March 14, 2020, this particular user put $74 worth of the DAI cryptocurrency—a decentralized stablecoin pegged to the US dollar—into one of the pools. It sat there, generating a very small amount of yield, which was being put into the lottery.
On April 9, the user struck lucky, winning the lion’s share of the $33,100 prize (made up of DAI) and the $32,700 loot box, which comprises four tokens including Compound and STAKE. There were 4,754 players in the lottery. In total, they won $39,600.
.@PoolTogether_ is front-page-news-material in the making and, consequently, has the potential to be major on-boarding platform into DeFi at large
only a matter of time until we see $1m weekly prize pool https://t.co/SKZBZOYsjm
— Matteo Leibowitz (@teo_leibowitz) April 12, 2021
Because the amounts involved were so small, the user had a 1 in 289,812 chance of winning the Grand Prize (the largest reward on offer). In contrast, one of the runners up had more than $10 million in DAI with a 1 in 2.48 chance of winning.
While the money is substantial, the user already has a fair chunk of cryptocurrency. According to Etherscan, they already have $14,600 of Ethereum (ETH) in their wallet, with their PoolTogether winnings bringing their holdings of Ethereum-based tokens up to $195,000.
Launched in June 2019, PoolTogether has grown considerably over the past year or so. It now has at least $170 million locked up in its various pools, the majority in its DAI and USDC pools. According to crypto research unit Messari, PoolTogether has paid out $750 million in prizes since it began. While most of that will go to the whales who’ve deposited large funds to the platform, every so often a smaller holder can strike it lucky.
