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"No Loss" lottery PoolTogether will release V3 version, users can create new bonus pools of UNI, YFI and other assets

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The new version will support 10 encrypted assets of Compound.finance and 9 fund pool assets of Yearn Finance

Rhythm Bloomberg news, on October 23, the "no loss" lottery PoolTogether is undergoing the third version of the protocol change. The V3 version adds some elements of decentralization, including the ability to create new games.

The basic concept of PoolTogether is this: Every week, people turn in their Dai stablecoins in exchange for lottery tickets. All the money in the pool has interest. Whoever's name is drawn on the weekend gets all the interest. Everyone else got their Dai back.

According to PoolTogether, the company has issued $34,000 worth of Dai this way. And its V3 version will help it further expand in scale, which means greater expenditure, more rewards, and new assets added.

While pool together will continue to host its Dai prize pool, the updated version will allow others to create Capital pool. Compound currently supports 10 tokens in addition to Dai, including Ethereum, Tether, Uniswap’s UNI, and Wrapped BTC.

According to PoolTogether co-creator Leighton Cusack, the agreement will also support nine Assets backed by the treasury, including YFI and TUSD.

No-loss lotteries will also become more decentralized in other ways. The current PoolTogether relies on a single admin to manage the bounties - when the size of the bounty pool regularly hits the $1M mark, generating an average of $550+ in bounties per week, that much money can only be managed by a single admin , which makes people feel uneasy. The upgraded protocol removes this, while also transitioning random generation from its team to Chainlink VRF (Verifiable Random Function).