PoolTogether is a decentralized and open source blockchain protocol for prize-linked savings.

Replicating "prize-linked savings accounts" all depositors are offered a chance to win prizes without needing to risk their deposited funds. 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

 The yield is randomly awarded as prizes to the users.

The PoolTogether protocol has been live for over 3 years and distributed over $5 million in prizes to depositors. The luckiest winner so far deposited $74 and won over $40,000. PoolTogether is one of the first and most widely used decentralized finance applications. It helps people save money by giving them the chance to win prizes.