I’ve started to notice some users come through the discord who share the same disappointment as me. They are disappointed because they aren’t earning any yield on their Pooltogether deposit since they are deposited in the prize pool on Polygon and not the sponsorship side. This week I thought about moving some of my funds to Polygon to earn POOL but it’s just not as simple and fun anymore so I didn’t bother. I still have my POOL on Ethereum and plan to keep it for a long time but this whole sponsorship thing has made things a bit boring to me.
It is true that dripping only to sponsorship improves the odds for smaller depositors by separating the whales(who care about the yield most of all) from the pool but for most depositors they are just losing to a smaller whales and have lost their opportunity to earn yield. Some bigger depositors who favour yield are losing out on the fun of winning prizes. Ethereum is only useful for big depositors and if we want to grow it’s going to have to be focussed on layer 2.
Those of us making these decisions are mostly users who have been in crypto a long time and often have significant skin in the game. I feel like we’ve lost touch with the average user who simply wants to deposit to earn AND have a chance to win. The average user is not an advanced crypto trader and not everybody wants to get their calculator out when they try a new app. Going back to basics would help us achieve more growth in my opinion.
Think about the user who has never heard of Pooltogether until today.
Deposit to earn and have a chance to win> Come on over and we’ll explain how this works and you can decide how you want to deposit.
Wondering how many others out there feel the same as me? I know there are many who like sponsorship.
- Yes, I prefer users earning yield AND having a chance to win.
- No, Sponsorship drip improves odds for small fish.