Proof of Work: Lottery concept comes to open finance

Benjamin Friedrich | The Block

Quick Take

  • Keep and Solana are two projects to keep an eye on
  • An interesting new concept has been created by the project PoolTogether. Users can enter a “lottery” where money is pooled together to be then be lended out on the open finance platform Dharma for 15 days. All the users receive their principal, but one lucky user receives all of the interest earned
The following newsletter is republished with permission from Eric Meltzer of Primitive Ventures, a global venture investment firm with a focus on blockchain and related technologies. You can follow Eric on Twitter at @wheatpond and subscribe here to Proof of Work.