{"id":209468,"date":"2021-03-24T07:59:33","date_gmt":"2021-03-24T04:59:33","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/no-loss-lottery-protocol-pooltogether-among-most-utilized-protocols-in-defi-messari\/"},"modified":"2021-03-24T07:59:33","modified_gmt":"2021-03-24T04:59:33","slug":"no-loss-lottery-protocol-pooltogether-among-most-utilized-protocols-in-defi-messari","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/no-loss-lottery-protocol-pooltogether-among-most-utilized-protocols-in-defi-messari\/","title":{"rendered":"# &#8216;No loss&#8217; lottery protocol PoolTogether among most utilized protocols in DeFi: Messari"},"content":{"rendered":"<p>&#8220;<strong># &#8216;No loss&#8217; lottery protocol PoolTogether among most utilized protocols in DeFi: Messari <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-5a136f3a>Data published by crypto analytics provider Messari indicates that PoolTogether\u2019s V3 no-risk lottery platform has amassed more than 6,000 users since launching in October.<\/p>\n<p>Messari asserts that PoolTogether\u2019s user base ranks it \u201cone of the most utilized protocols\u201d in DeFi excluding decentralized exchanges. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">To date, PoolTogether&#8217;s V3 has garnered over 6,000 continuous lottery players, making it one of the most utilized protocols excluding DEXs <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/KLK2K63pRl\">pic.twitter.com\/KLK2K63pRl<\/a><\/p>\n<p>\u2014 Messari (@MessariCrypto) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/MessariCrypto\/status\/1374368690892910592?ref_src=twsrc%5Etfw\">March 23, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>In a separate <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/messari.io\/article\/the-path-to-becoming-a-global-lottery-juggernaut\">report<\/a> published on March 23, Messari notes PoolTogether V3 has amassed a $134 million TVL since launching incentives for liquidity providers, ranking the platform as the 30th-largest DeFI protocol above Hegic and PieDAO.\u00a0<\/p>\n<p>PoolTogether offers risk-free stablecoin lotteries by using ticket-buyers\u2019 and liquidity providers&#8217; capital to generate interest using decentralized lending protocols. The winner of a lottery collects the majority of accrued interest, with several runner-ups also typically receiving a smaller share of the yield. All other participants are refunded in full.<\/p>\n<p>According to Dune Analytics, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/duneanalytics.com\/sarfang\/sar_test\">4,593<\/a> accounts currently hold tickets for PoolTogether\u2019s next lottery.<\/p>\n<p>Messari estimates that recent weekly grand prize pool payouts have ranged from $60,000 and $90,000, with PoolTogether having paid more than $750,000 in cumulative prizes since launch.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-03\/95b79cbf-8dd3-48a0-b78c-16727c65a921.png\"><figcaption style=\"text-align: center;\">PoolTogether V3 cumulative prize payouts: Messari<\/figcaption><\/figure>\n<p>PoolTogether V3 currently maintains a 5% reserve rate on interest accrued from pooled funds to grow its balance sheet. However, a governance proposal advocating the protocol increase its reserve rate to 50% was <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/gov.pooltogether.com\/t\/ptip-5-increase-reserve-rate-in-governed-pools\/764\">published<\/a> on PoolTogether\u2019s forum on March 20.<\/p>\n<p>The proposal notes that liquidity providers currently earn APYs of between 30% and 40%, estimating that \u201cthe funds they supply to the interest pool are only earning 8-15% for the prize.\u201d <\/p>\n<p>By increasing the reserve rate, the proposal&#8217;s author believes PoolTogether will be able to \u201csupport high prizes into the future if whales withdraw liquidity.\u201d<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/no-loss-lottery-protocol-pooltogether-among-most-utilized-protocols-in-defi-messari\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# &#8216;No loss&#8217; lottery protocol PoolTogether among most utilized protocols in DeFi: Messari &#8221; Data published by crypto analytics provider Messari indicates that PoolTogether\u2019s V3 no-risk lottery platform has amassed more than 6,000 users since launching in October. Messari asserts that PoolTogether\u2019s user base ranks it \u201cone of the most utilized protocols\u201d in DeFi excluding&#8230;<\/p>\n","protected":false},"author":1,"featured_media":209469,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDMvNmZhYjc0M2YtZWIzYS00NmM2LTg5ZTgtYTMzYmZlY2UzYzBiLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74863,74868,117],"class_list":["post-209468","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cryptocurrencies","tag-defi","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/209468","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=209468"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/209468\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/209469"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=209468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=209468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=209468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}