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43 lines
1.6 KiB
Markdown
43 lines
1.6 KiB
Markdown
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**PoolTogether is a protocol for no-loss prize games on the Ethereum blockchain.**
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The protocol:
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1) Enables developers to build their own no-loss prize games
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2) Offers governance-managed no-loss prize games
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*The PoolTogether protocol will be transitioning to decentralized governance. In the meantime, the core team serves as the interim governance body.*
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PoolTogether Governance broadly serves two mandates:
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- Protocol Improvement
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- Prize Pool Management
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### Protocol Improvement
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Governance will guide the evolution of the protocol towards the goal of building products that create financial health. The primary functions of governance are to:
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- Set rewards for prize pool users
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- Approve & implement new yield sources for prize pools
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- Implement new prize strategies
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In addition to these core functions governance may:
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- Propose integrations with L2 systems
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- Add additional prizes or rewards
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- Subsidized transactions
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- Insurance coverage
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- Anything else!
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All Prize Pools created with Builders contribute a small fee to the **protocol reserve**. The reserve is retained by the protocol as sponsorship in the Prize Pool in which it accrued.
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### Prize Pool Management
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Governance also manages its own set of Prize Pools. These Prize Pools are displayed on the official [PoolTogether App](https://app-v3.pooltogether.com/).
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### Comptroller
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All Prize Pools link to a global protocol Comptroller. The Comptroller is owned by governance, and determines the reserve rate and rewards Prize Pools.
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Additional Resources
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--------------------
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* [Documentation](https://docs.pooltogether.com/)
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