# Welcome to Pool Party Save, earn and win - Solanas only community driven Prized Savings Protocol! ## **πŸ“Œ The project is in hibernation and is currently not being updated. The pools have been set to withdraw mode only.** \ **Pool Party** is a bootstrapped and community-driven decentralized [Prized Savings](https://en.wikipedia.org/wiki/Prize-linked_savings_account) protocol (or No Loss Lottery) on Solana. \ \ Its participants hodl tokens in a pool, and by that automatically participate in a lottery that gives the participant a chance to win tokens!\ \ Players or β€œsavers” participate by depositing tokens into one of the savings pools. The pooled funds generate yield in DeFi apps and the yield is once a week paid out to one lucky participant in the relevant pool. Or in other words, one person wins the yield from everyone in the pool!\ \ Pool Party makes use of the stake and DeFi rewards from the pooled tokens in the world of Solana DeFi. The DeFi protocols that Pool Party works with for this are among the most trusted dApps on Solana such as [Solend](https://solend.fi/) and [Marinade](https://marinade.finance/). We randomly pick the winners using a [VRF ](https://switchboard.xyz/randomness)from our [Switchboard.xyz](https://switchboard.xyz/).\ \ **You can't lose!** A player never buys a ticket, but simply gets 1 ticket in return for each token provided to the pool. All participants in the pool can withdraw the pooled tokens at any time, and everyone involved keeps their money! #### πŸ” Entirely non-custodial! Pool Party is non-custodial and runs on smart contracts. This means that the user is the only one who has access to their own deposited funds in the savings pools. \ \ No one but you has access to your deposited funds and you can withdraw your funds at any time! #### ⚠ Audit Pool Party has not yet been audited by a third party. Use the protocol at your own risk, and consider this as an experimental community project at this stage. # FAQ Frequently Asked Questions ***πŸ“Œ The project is in hibernation and is currently not being updated. The pools have been set to withdraw mode only.***\ \ **What is Pool Party?** \ Pool Party is a Prized Linked Savings Protocol (Also called, No Loss Lottery) built on Solana. Users save tokens in our savings pools and automatically get a chance to win tokens in a weekly lottery. **What is Prized Linked Savings?** \ A Prized Linked Savings, is a savings account that is incentivized with lottery prizes based on portions of the interest generated by the deposits. This concept is that through research it is proven to both mitigate damaging gambling behavior and generally increase savings. Read more here: **What is a No Loss Lottery? I can't lose?** \ A no-loss lottery is a type of lottery where participants can't lose any money nor pays for any lottery tickets but are still able to participate and win. The prizes are usually generated from interest on deposits, as with Pool Party. **How does Pool Party generate the prize pots?** \ The funds in the Pool Party pools are used in DeFi to generate yield on partner protocols such as our and . The yield is what makes the prize pots in the lottery. **What tokens does Pool Party support?** \ We have pools for SOL and USDC **How much do I need to deposit to the pool to be eligible to win?** \ The minimum deposit is 1 USDC for the USDC pool or 0.1 SOL for the SOL pool. **Can I withdraw my tokens from the pools whenever I want to?** \ Yes! Your tokens are your tokens, and you can withdraw them at any time. However, if you withdraw your funds within 7 days of your deposit, you will be charged a 0.5% fair play fee, as we yet have to involve deposit time duration-based odds mechanisms. **How often is the lottery draw** \ The lottery draw happens once a week, each Thursday. You can follow the countdown in the app. **Are there any fees?** \ **Yes. There is a fair play fee of 0.5% if you withdraw earlier than 7 days.** The purpose of this fee is to make it fair for everyone participating in the pool as the draw is once a week and one can deposit and participate at any time. **Do I get a better chance of winning if I save more tokens in the pool?** \ Yes! The odds of winning are based on the size of your share in the pool. You can see your odds on the account page in the app. **How is the winner picked?** \ We are using a VRF provided by [Switchboard.xyz ](https://switchboard.xyz/randomness)that helps us randomly pick a winner, verifiable on-chain. **How does the referral link work?** \ If your referee wins the weekly prize pot, you get 10% of the total yield of that week! You can read more about it here: **Who is behind Pool Party?** \ Check out the Pool Party crew here: # Start saving and win! Have fun, while saving your funds! Simply [visit our app](https://app.joinpoolparty.io/) and deposit USDC to the USDC pool or SOL to the SOL pool, and after that, you're participating in the weekly win draw. 1. Deposit USDC in the [USDC pool](https://app.joinpoolparty.io/pool/usdc) or SOL to the [SOL pool](https://app.joinpoolparty.io/pool/sol) to get a chance to win 2. Every week on Thursdays, 1 winner is chosen at 8pm CEST! 3. Withdraw your deposit any time - even if you don't win! Every token (USDC or SOL) you provide to the pool gives you a chance to win. The more you choose to save, the higher your winning odds get!
### Where do the prizes come from you might ask? The weekly win pot is based on the yield that is accrued in Solana DeFi by the pool during the week.
### **How to make a withdrawal** Visit the [Account page](https://app.joinpoolparty.io/pool/sol/account) in the top menu, and click Withdraw. Please note that if you make a withdrawal within 7 days of depositing you'll get charged a 0.5% fair play fee. # Prized Pools # USDC Pool πŸ“Œ The project is in hibernation and is currently not being updated. The pools have been set to withdraw mode only.
# SOL Pool πŸ“Œ The project is in hibernation and is currently not being updated. The pools have been set to withdraw mode only.
# Referral Program Share the fun to your friends, and increase your chances to win! On the account page, you can generate a referral link to share with your friends! If your friends who used your referral link win in the weekly draw, **10% of the jackpot goes to you!** \ \ The referral link can be customized to whatever you want, and you'll do this on the account page where you generate the referral link. πŸ‘‰ **Please note:** People have to click the referral link the next time they make a deposit from the same browser, for it to count as you referred them! If they clear the cookies and cache before depositing, or they have already used a referral link, the referral won't be counted. Cookies and cache can be cleared after a deposit, and the deposit will be counted! ### **Here is a guide on how to create the ref-link:** Step 1 ![](/files/GL9j5ZKJ6AfYnq1Q9ow6) Step 2 ![](/files/la6dVoV8jmppwNWc7u1C) Step 3 ![](/files/0vF7L6kDctZ3H5pmizKZ) Step 4 ![](/files/ilUEASpxM1cJjWRLNviQ) # Official Links :point\_right: Official Website: :point\_right: App: :point\_right: Twitter: :point\_right: Docs: [https://docs.joinpoolparty.io/ ]()
# The Pool Party DAO Token The Pool Party token, $PARTY, is what fuels the community ownership of the protocol **Utility**\ \ The PARTY token is a community loyalty token that comes with utility * Staking Lottery * DAO Governance * Community membership benefits # Tokenomics The Pool Party token, $PARTY, is what fuels the community ownership of the protocol
**Token Allocation** Fair Launch and airdrop 10% PARTY token will be distributed through an airdrop to its early users of the protocol and members of the Pool Party community and partners. The PARTY token does not have any economical value and we have done no raise using the token. Any initiatives of trading the token will have to be from the community and users and not the Pool Party team itself. All vested tokens are non transferable and have no voting weight until they are unlocked. The supply of the Pool Party token PARTY is 2,000,000,000 (2B tokens). Certain allocations come with a vesting period that pays out monthly up to 36 months from the day of the launch. * 29% 580M Loyalty program * 20% 400M Contributors * 18% 360M DAO treasury * 10% 200M PARTY airdrop * 17% 340M Protocol Partners * 5% 100M Marketing * 1% 20M Advisors **Loyalty program**\ The allocation to the loyalty program is one of the largest with 29%. This token allocation will fuel loyalty rewards and liquidity mining for pool party users. We intend for every Pool Party pool to have loyalty rewards given for those that stake in Pools. The loyalty program comes with many added benefits within the Pool Party DAO and community. **Contributors - Vesting**\ With the 20% allocated towards the crew of active contributors, we believe that we should both in the short- and the long term align incentives with the people making Pool Party happen by having a stake in the web3 aspect of the product. Contributor allocations are vested for 36 months, and linearly awarded to each contributor on a monthly basis from day 1 of the token launch. With the token launch being a fair launch, we believe it is fair that the contributors get part of their allocations at the same time as the airdrop. **DAO-Community treasury**\ This allocation of 18% is reserved for the DAO AKA the community to be able to govern, when the on-chain governance is ready. \ \ **Protocol Partners - Vesting**\ The organizations that are helping to fund and integrate this web3 endeavor are getting a token allocation based on their contributions. This comes with several benefits to propel the protocol into the web3 ecosystem with aligning web3 incentives with its early-stage partners looking to add utility for the token. Early-stage partners that are assisting Pool Party are awarded PARTY tokens if this benefits the Pool Party adoption in the ecosystem. **Marketing - Vesting**\ We have a marketing allocation of 5% to align incentives with our marketing partners. When building the protocol with no funding, it is key to be able to pay for- and align incentives with various partners and organizations to reach a larger audience. **Advisors - Vesting**\ Our group of advisors are all senior within the web3 ecosystem. Being able to both get good advice both business wise and technical, while being able to enjoy help with contacts and networking is of great value to a young web3 startup protocol.\ \ *\*All tokenomics are subject to change* # Risks When you use Pool Party, you do so **at your own risk**. The protocol has not been audited yet and the use of the protocol ought to be considered experimental and high risk due to the nature of the early stage defi market and smart contract technologies.\ \ The team, developers and the DAO participants have no responsibility for your funds used in the pools. You deposit entirely at your own risk. Always make sure to do proper due diligence before you enter funds into any DeFi protocol.\ \ Pool Party pools are governed by smart contracts and the Pool Party team does not have any custody of the funds used, in other words, it is fully self-custodial.
# Bug Bounty Pool Party have allocated PARTY tokens to the bug bounty, and if you've found a bug, please contact us in discord. # Join the Party community! 🌎 Our community consists of people from all around the world who share the same enthusiasm for Solana DeFi, NFTs, and fun web3 concepts. \ \ πŸ₯³ We host game nights, streams and more fun events on a weekly basis! \ \ πŸŽ‰ Join our community that resides in Discord [**here!** ](https://discord.gg/HEKNYmdpVz)