Project description (please explain how your project works):
PoolTogether is a global savings account with super powers. It’s a DeFi protocol enabling anyone to deposit and save funds while having the chance to win thousands of dollars in prizes every day. Even if they don’t win, they keep all their money and can withdraw at any time.
This is possible because prizes are made up of the interest that accrues on all deposited funds. Users deposit into the network, yield accrues on all deposits, and that yield is randomly awarded as prizes.
The protocol was built by PoolTogether Inc and is now controlled by the community of POOL token holders.