Adventure #47 - PoolTogether

Hey there👋 what’s everyone up to??

I’ve been stealth for a while and working through a few things.

So I’m curious, what have you been working on?

Reply to this email and let me know.

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Onto the newsletter, today's plan:

Use this framework to look into a business:
(1) The product
(2) The founding team
(3) Funding & Hiring

Current events + business talk
(5) Meme of the week
(6) Hustler's ambition

Disclaimer: None of this is sponsored!
I choose what to write about.
This is not financial advice either.

Today is dedicated to Pool Together

The Product

(i) problem

• your funds could be generating yield

  • but they’re not (mine are not at least haha)

• participating in lottery is “pay-to-play”

(ii) solution & demo

I’ll give you my understanding, then their copy

My understanding: a decentralized bank where you deposit $ and you’re enrolled in a lottery. Howevaaaa, you can’t lose your money.

Here’s their copy 👇️ 

The winner is chosen through Chainlink (read here)

Even Vitalik the legend recognized the vibes

And someone got really really lucky with it 🤯 

And this is how it looks:

(iii) considerations

The protocol is decentralized and not controlled by anyone so it can’t be rugged.

My only concern is if gets exploited somehow..

(iv) how you can benefit

• generate yield while participating in a lottery, at no extra cost

If you wanna try the product, here’s the link:

The founding team

It’s run through governance

Funding and Hiring

A) Funding

No seed rounds or anything but there is a token.

B) Hiring

It’s not a typical business so they’re not hiring but you can get involved on their website.

Favourite meme of the week

Hustler's Ambition

(A section dedicated to frameworks/ideas/tools)

Been studying Hunter’s moves over the last few weeks.

His content is also fire so thought I’d share

I also started reading this book called The Alchemist. I’m struggling to finish but there’s a cool quote in it 👇️ 

See you next Monday👋
- Mitko