boardroom-inc-protocol-Info/pooltogether/overview.md
2021-01-13 19:06:53 -05:00

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Markdown

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