3min chapter

Web3 Talks: Stories & Tips from the Builders cover image

#30: Leighton, Co-Founder @ PoolTogether | The story behind the OG DeFi protocol which has distributed over $5 million to depositors as a reward for saving money

Web3 Talks: Stories & Tips from the Builders

CHAPTER

How Does the VRF Work?

When you deposit into the protocol, no one has the ability to access those funds. The way I think about the protocol is that it's really like a gamification layer on top of yield generation. If you have 100 deposit tokens, you get 100 USDC when you withdraw. And then when you withdraw at any time, it's always a one-to-one ratio. So basically, and then the yield is distributed as pool together deposits, tokens.

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