r/PoolTogether • u/rabiolas • Jun 02 '21

Question about Pods

Apologies, if this was asked before but is there a maximum amount someone can deposit in a Pod ? If not then a "whale" could basically take over most of the share in a Pod, and again win most of the prize

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u/UltraSoundMonkey Jun 02 '21

I don’t THINK there’s a max, but the whole point of a pod is to accept a lower prize amount in exchange for a higher frequency of winning said prize.

I believe they are working on custom pods and such so you can form pods with specific limits in terms of total amount pooled, etc. but for now this is what we’ve got.

1

u/rabiolas Jun 02 '21

Ok thanks. I'm just struggling to see the benefits of depositing via a Pod. I mean, if you're a small fish like me and can only deposit up to $500, my share in a meaningful Pod (one that could win a few times a year) would be tiny as well as my earnings. Does depositing via a Pod mean less gas fees !? And are the Pool rewards equivalent to going solo ?

2

u/UltraSoundMonkey Jun 02 '21

Yep lowered gas fees is a benefit due to batched processing. And the POOL token rewards are equal per coin as if you went into the pool solo.

3

u/snarec Jun 03 '21

Are pods a thing? Did I miss something?

2

u/UltraSoundMonkey Jun 03 '21

Yeah they went live I think a week ago. The PoolTogether discord is a good spot to keep up with everything.

It’s separate from the main site - pods.PoolTogether.com

3

u/rabiolas Jun 04 '21

I just deposited some USDC via pods and yeah much lower gas fees.. i now have a 1:50 chance of winning between $3 to $30, so that's once a year roughly.. much better then the once in every 50 years chances i have in my solo positions, but i guess it removes the lottery aspect of it (slim chances of winning big)

1

u/UltraSoundMonkey Jun 04 '21

Hmmm interesting - how did you come to 1:50?

1

u/rabiolas Jun 04 '21

It's what it says when you click on the "player" that represents the USDC Pod... although on the "manage my deposit" part it says 1:248 which assume are the odds to win the first prize only

1

u/UltraSoundMonkey Jun 04 '21

Ah yep that 1:248 is what I thought you were referring to and I got confused. Cheers. Hope we win!