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PoolTogether - Leighton Cusack | Meet the Nation

Apr 22, 2021
Guest
Leighton Cusack
Meet Leighton Cusack, the founder of PoolTogether, a groundbreaking DeFi protocol that offers no-loss lotteries powered by pooled interest. In this discussion, Leighton explains how users can deposit stablecoins for a chance to win prizes while earning interest—with no risk to their initial funds. He dives into the innovative dynamics of governance tokens, the gamification of savings, and the community-focused 'pods' feature that enhances user collaboration. With $225 million in assets, PoolTogether exemplifies a thrilling blend of fun and finance!
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ANECDOTE

Luckiest Winner

  • PoolTogether's luckiest winner so far deposited $74 and won $43,000.
  • This highlights the potential for outsized returns compared to traditional interest.
INSIGHT

Expected Value

  • Prize savings are mathematically expected value positive, unlike lotteries, which are negative.
  • PoolTogether combines the fun of randomness with healthy saving habits.
INSIGHT

Growth Potential

  • The UK has $100 billion in prize savings accounts, while PoolTogether has $225 million.
  • PoolTogether has the potential to grow much larger, given the global reach of DeFi.
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