PoolTogether v5 launched on Optimism
The v5 protocol launched as a fully autonomous, permissionless hyperstructure with daily draws, prize vaults, and no admin/governance controls, relaunching under the Cabana and PoolTime interfaces.
Class action lawsuit dismissed
The court granted motions to dismiss the Kent v. PoolTogether class action; a later appeal attempt was also rejected, ending the case.
Kent v. PoolTogether Inc. class action filed
A putative class action was filed in the U.S. District Court for the Eastern District of New York alleging the protocol operated an illegal lottery.
PoolTogether v4 launched
The v4 protocol upgrade relaunched with more prizes, better odds, and aggregated liquidity across yield sources.
$5.95M treasury diversification with major VCs
POOL holders approved a $5.95 million USDC diversification, with Dragonfly Capital, Galaxy Digital, ParaFi Capital, Nascent, and Maven 11 acquiring protocol treasury tokens.
POOL governance token launched and airdropped
The POOL token went live, concluding progressive decentralization; 14% of supply was airdropped to 17,072 depositors and control of the protocol passed to the community.
v3 protocol launched
The v3 release turned PoolTogether into a full protocol: non-upgradeable prize pools, no privileged admin for prizes, bigger prizes, and Chainlink VRF randomness.
Raised $1.05M seed round
PoolTogether raised $1.05 million via a SAFE led by IDEO CoLab Ventures, with ConsenSys Labs and DTC Capital participating.
PoolTogether v2.0 deployed on mainnet
The v2.0 redesign went live with a single Pool contract, automatic re-entry through weekly draws, and withdrawal-at-any-time.
PoolTogether v1 launched on Ethereum mainnet
The no-loss prize savings protocol went live in June 2019, building its first pools on top of Compound Finance.