PoolTogether V3's additional rewards are worth more than the prize pool, currently totaling $8,700.

Last week, it was reported that the launch of the lossless lottery PoolTogether V3 introduced many interesting features, including additional rewards in ERC20 and ERC721 tokens, and the introduction of yVault prize pools. In the first round of the V3 launch, the current lottery prize is 1,607, with additional rewards sponsored by the community exceeding $7,100. This means that the winner of the grand prize will receive a total prize of $8,700. The winner of the first round will be announced within a few hours.

Additional Bonus Includes DeFi Coins, NFTs

Currently, there are only 1,004 participants, with a total investment of 999,999 DAI, close to 1 million US dollars. The interest lottery bonus earned after investing in the Compound lending protocol is 1,607 DAI. The current DAI annual interest rate is 3.08%, so the bonus is not very high.

However, the new feature of additional rewards makes the weekly lottery more attractive. There are currently 26 ERC20 tokens participating in the additional rewards, such as PickleToken for liquidity mining, Saint Fame for fashionable digital tokens, Curve, Compound, DeFiPulse Index, and more, with a total value of up to $7,110.

In addition, there are also rewards in NFTs, such as the Rarible token RARI for digital collectibles trading platform and a one-month membership for MyCrypto.

Higher Probability of Winning for Small Ticket Holders than Winning the Lottery

From the current participants, the probability of winning for the top ticket holder is 5.06 out of 1, the tenth ticket holder has a probability of 65.3 out of 1, and the least ticket holder spent 20 DAI with a probability of winning of 49,999.95 out of 1.

Although it may seem that the probability of winning for large lottery bettors is extremely high, at least in V3, some issues of large holders directly importing large amounts of funds before the draw to obtain a high winning rate have been avoided. Additionally, the introduction of Chainlink's random number feature attempts to make the selection more random and fair.

We can compare the data of Taiwan's lotteries. The probability of winning the jackpot in Taiwan's Grand Lottery is 1 in 13.98 million, and for the Power Lottery, it is 1 in 22.09 million, indicating relatively low chances of winning. Although the prizes are much higher than those of PoolTogether, PoolTogether does not risk your principal, making it a worthwhile investment!