$97,054.00
5.04%$3,123.94
0.58%$237.92
1.41%$610.16
-0.34%$1.11
2.33%$0.384368
-0.77%$0.999462
-0.02%$3,120.38
0.54%$0.781911
-0.75%$0.197209
-0.29%$0.00002407
-1.23%$97,001.00
5.24%$5.43
0.27%$33.76
-0.26%$3,717.82
1.20%$526.85
20.25%$3.53
-6.97%$3,129.02
0.71%$14.50
0.05%$5.69
-2.41%$0.00001936
-4.53%$8.50
0.74%$0.235635
0.04%$90.12
5.76%$5.46
-2.28%$11.55
0.56%$3,296.49
0.91%$8.82
-2.97%$1.001
0.21%$0.174751
-4.28%$0.124315
-0.35%$9.01
-1.36%$26.99
5.29%$0.00005252
-5.07%$0.151965
-7.38%$7.27
-10.24%$1.002
-0.05%$479.09
3.39%$0.438241
2.68%$24.11
1.38%$3.61
-9.51%$1.23
-3.73%$3.16
-4.49%$161.39
0.62%$1.90
3.97%$0.695493
2.15%$4.48
3.53%$44.41
1.47%$0.03197939
-1.27%$0.00026101
7.22%$0.729995
-0.04%$6.25
-1.39%$157.72
-2.01%$0.998319
0.25%$23.52
-1.41%$1.28
-2.98%$1.70
-1.46%$5.01
-1.26%$0.215085
-2.62%$0.465224
-2.12%$1.37
2.30%$0.675919
-1.32%$3,123.32
0.65%$5.22
1.47%$0.208777
-3.97%$1.65
-0.98%$3,477.23
0.04%$5.45
1.08%$0.157141
-9.50%$97,335.00
5.31%$96,865.00
5.01%$77.01
12.98%$1.54
-11.76%$3,279.11
0.80%$0.520128
0.11%$0.401285
-0.52%$1.00
0.93%$1.062
-4.33%$2.10
-5.73%$3,200.05
0.60%$1,534.45
2.67%$1.35
-15.65%$10.99
0.78%$89.08
2.48%$294.02
1.29%$9.71
-0.12%$0.00000117
7.79%$17.29
-4.20%$0.02800299
-2.63%$0.02121618
-6.83%$96,875.00
5.58%$0.02018212
2.96%$0.687427
1.08%$3.11
0.65%$1.015
0.18%$0.437722
2.59%$1.13
-3.02%$0.652727
2.64%$3,126.19
0.80%$96,689.00
4.79%$0.00004941
12.76%$251.42
1.36%$0.4566
-3.56%$0.01979934
-6.58%$5.54
-2.40%$0.952789
-14.47%$97,284.00
5.42%$3.73
-5.27%$11.46
-1.19%$0.00000234
1.13%$12.73
3.44%$0.779635
-2.50%$0.00997991
-6.70%$1.26
-2.12%$5.61
0.14%$1.23
0.64%$0.9231
-2.08%$0.141806
-2.40%$1.13
2.75%$0.338756
0.34%$1.25
0.91%$29.20
-2.69%$4.89
-1.17%$0.384085
-1.01%$0.641581
-1.40%$0.998345
-0.07%$35.64
-3.69%$0.00176241
-13.81%$241.09
1.26%$0.396709
-0.86%$0.00727081
-9.23%$0.00694483
-4.43%$3,211.01
0.58%$3,129.96
0.82%$0.143843
-2.23%$0.072884
-0.81%$3,131.79
0.89%$253.74
-1.16%$2,662.78
1.01%$43.37
3.71%$37.44
19.22%$0.994371
-0.04%$0.00935068
-6.11%$2.01
1.57%$0.04208914
1.94%$0.221897
-4.67%$0.170224
-0.35%$17.99
0.88%$0.69437
-2.35%$0.00010559
-1.04%$0.01271064
-0.77%$3,388.59
0.74%$1.23
-1.74%$1.22
0.44%$0.549993
5.72%$1.68
-2.71%$0.081079
0.04%$0.999783
0.01%$1.88
-0.27%$0.00769566
-6.80%$96,237.00
5.02%$1.051
-1.83%$2,664.75
0.92%$0.078074
-0.95%$97,238.00
5.13%$3,121.46
0.40%$0.00149745
-4.08%$2.10
-14.02%$0.135603
-4.47%$1.38
-0.76%$0.998872
-0.00%$0.503418
-2.22%$0.448765
-0.02%$0.239446
-2.40%$0.162143
-0.61%$0.00000023
-3.96%$97,106.00
5.24%$3,140.25
1.37%$54.28
2.27%$8.37
-7.68%$0.00000047
-0.75%$0.062796
-3.74%$3,123.12
0.48%$0.362161
-7.85%$0.470378
-13.88%$1.071
1.28%$0.065739
-1.99%$0.46316
-16.34%$3.56
-8.23%$2.30
-4.20%$1.00
0.02%$0.328462
0.84%$0.422692
-8.73%$98.49
-2.24%$0.983123
1.20%$3,358.75
0.76%$0.997469
-0.24%$6.59
0.54%$0.993683
-0.84%$3,124.02
0.46%$1.067
-0.06%$0.214842
-3.44%$7.89
-4.47%$0.389554
9.15%$0.01262552
-4.94%$0.00731825
-2.57%$0.0412772
-1.29%$1,948.22
4.98%$3,209.88
-1.08%$0.01986901
-1.46%$3.42
-1.87%$0.913084
-2.06%$2.90
4.01%$0.667888
-0.36%$0.0020773
0.62%$1.001
0.02%$96,796.00
4.79%$0.529007
-4.18%$0.03815341
16.70%$0.00453514
-0.87%$3,432.72
0.31%$9.97
-2.34%$3.31
0.90%$0.416998
-0.36%$0.317057
5.53%$95,976.00
5.14%$0.636483
-10.60%$0.349585
-1.12%$0.861481
-9.59%$28.73
3.44%$0.00
-4.23%$3,305.44
0.34%$0.04235618
-2.45%$1.32
-1.84%$0.337791
45.13%$39.54
-0.08%$0.190273
-1.72%$0.00581786
-2.98%$30.40
8.68%$0.642809
-4.35%$4.26
3.33%$0.827922
14.83%$0.03283587
-0.20%$3.10
2.72%$0.03281417
-1.10%$0.331254
55.63%$20.12
0.64%$0.02219843
1.86%
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.
