PoolTogether
POOL
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
PoolTogether (POOL) is a decentralized prize savings protocol characterized by a strong historical foundation in security and governance, contrasted with severe present-day market headwinds and apparent development stagnation. On the positive side, the protocol demonstrates a clean security record with extensive audits (OpenZeppelin, ConsenSys Diligence, Code4rena, Sherlock) and mature on-chain governance infrastructure with a ratified constitution. However, development activity appears stalled with no verifiable releases or proposals since late 2023. Tokenomics provide weak demand drivers as POOL functions purely as a governance token without value accrual mechanisms or fee capture. Furthermore, the market profile reflects micro-cap status with near-zero trading liquidity, substantial price drawdown, and low active market interest despite $10.15M in residual TVL. No qualifying red-flag events or fraudulent mechanics were identified.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About PoolTogether (POOL)
PoolTogether (POOL) is the governance token for PoolTogether, a decentralized finance protocol implementing a no-loss prize savings model. The protocol allows participants to deposit digital assets into savings pools, where pooled interest is distributed as prizes to selected depositors while all participants retain their underlying principal balances. The POOL token operates as a governance mechanism, enabling token holders to participate in protocol decisions using an OpenZeppelin Governor Bravo variant and related voting infrastructure.
The tokenomics structure of POOL features a fixed total supply of 10 million tokens, with 4.8 million allocated to the governance treasury and 5.2 million distributed to early users, investors, and contributors under lockups that expired in 2022. POOL does not include token inflation or protocol revenue capture, serving exclusively as a governance instrument. The protocol has documented deployments and token holders on networks such as Optimism, and its smart contracts have undergone multiple independent security reviews from firms including OpenZeppelin, ConsenSys Diligence, Code4rena, 0xMacro, and Sherlock.
Despite retaining approximately $10.15 million in residual total value locked, the protocol and token face significant challenges. POOL has experienced severe market drawdown from its historical high, including an approximate 86.49% decline over a one-year period, resulting in micro-cap status with minimal trading volume and low liquidity. Furthermore, verifiable software releases and dated governance activity have been largely inactive since September 2023, indicating a stalled or maintenance-only operational status.