
What is PoolTogether? The 'No-Loss' Crypto Lottery Explained
DeFi service PoolTogether gives away millions, but you still keep your money if you lose. Here’s how the Ethereum-based lottery works.

DeFi service PoolTogether gives away millions, but you still keep your money if you lose. Here’s how the Ethereum-based lottery works.
The Projects
Since the advent of decentralized finance (DeFi), a number of peer-to-peer financial products have been built, enabling users to lend cryptocurrencies to other users and stake funds in liquidity pools to enable trading. But here’s one that might not make a lot of sense on the surface. PoolTogether is a lottery in which anyone who purchases a ticket has a chance to win a stash of crypto—but even if you lose the drawing, you don’t lose any of the money you spent to enter. In fact, your tickets jus...