DeFi community rallies behind PoolTogether to hit $1.4M NFT defense funding t...
“Don't have a lot of words right now. Blown away by how the community has rallied around PoolTogether Inc and myself,” said PoolTogether co-founder Leighton Cusack. No-loss lottery decentralized finance (DeFi) platform PoolTogether has reached 100% of its legal defense funding goal via the sale of NFTs.It has taken the project just ten days to reach its funding goal of 769 Ether (ETH) or $1.4 million, signaling strong support from the DeFi community who are rallying against a lawsuit that some feel is an attack on the greater sector as a whole.the community has spoken @PoolyNFT....
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PoolTogether, an Ethereum-hosted DeFi application that enables users to gain access to prize-linked savings pools, has raised over $1 million to secure defense funding. The project allows users to deposit crypto tokens and stablecoins, mainly USD Coin (USDC), and earn profits from yielding. After depositing, users stand a daily chance of getting accessing a prize, […]
The platform has already raised more than half of its target and still has another 21 days to go before the NFT funding campaign ends. So called “no-loss lottery” DeFi platform PoolTogether has raised 470.90 Ether (ETH) via NFT sales to fund its legal defense against a putative class action lawsuit.That means PoolTogether is more than halfway to its goal to raise at least 769 ETH worth roughly $1.5 million to fight what it calls a lawsuit that has “no merit”. The platform has another 21 days to go before the NFT funding campaign ends. It noted on its NFT minting page that:“PoolTogether....
PoolTogether v3 will enable more ERC-20 tokens, more yield sources and more prize distribution schemes for the DeFi savings game.
Since launching its V3 iteration in October, PoolTogether has paid out more than $750,000 in risk-free lottery returns. Data published by crypto analytics provider Messari indicates that PoolTogether’s V3 no-risk lottery platform has amassed more than 6,000 users since launching in October.Messari asserts that PoolTogether’s user base ranks it “one of the most utilized protocols” in DeFi excluding decentralized exchanges. To date, PoolTogether's V3 has garnered over 6,000 continuous lottery players, making it one of the most utilized protocols excluding DEXs....
The US Defense Department plans to leverage upon the immutable nature of blockchain technology to secure its nuclear systems. The digital currency technology has crossed a lot of boundaries to finally enter the realm of the Defense Department. The transparent and immutable nature of Bitcoin blockchain is now being considered by the US Department of Defense for developing tamper-proof computer systems. These computer systems may as well be used to safeguard the country’s nuclear arsenal. According to recent reports, the Defense Advanced Research Projects Agency (DARPA) is currently funding....