The POOL token lives on multiple chains. While you can bridge your tokens using the native bridges of Optimism and Polygon, it takes a lot of time until you can finally withdraw your tokens on the desired chain. Thanks to Across, Poolers can now travel across chains for a fraction of the time and costs!
With the recently added support for the POOL token, you can easily bridge POOL tokens between Ethereum, Polygon, and Optimism within minutes.
Disclaimer*: You don’t need POOL in order to use PoolTogether.*
Across is a cross-chain bridge for Ethereum L2s and rollups secured by UMA's optimistic oracle. The bridge runs on a single liquidity pool, fosters a competitive relayer landscape, and has a no-slippage fee model.
Under the hood, Across always relies on canonical bridges ensuring the security of user funds. In order to send their tokens instantly across networks, users pay a small bridge fee to incentivize relayers and liquidity providers.
Relayers give out short-term token loans to Users in exchange for fees. This is to incentivize them to promptly relay a transaction. Relayers fulfil deposit requests by sending the depositor their desired token on their requested destination chain.
Liquidity Providers provide the capital that enables relayers to have flexibility about where they want to take a refund in exchange for fees. Their capital is also available to fulfil deposits in the case that no relayers can fast-fill a deposit.
As a user, you don’t have to care about all of that! Because of this incentive design, you’re able to quickly bridge your tokens while the relayers take on the risk for you. (Learn more)
Follow this link for a guide on how to bridge POOL tokens using Across.
The POOL token plays an essential role in the protocol design of the PoolTogether hyperstructure. V5 of the protocol consolidates all yield into POOL by continuously liquidating yield for the prize token.
This results in two major advantages:
Larger prizes thanks to combined liquidity
Fairly distributed odds, by measuring the relative contribution of each asset
Watch out for updates on the audit results and launch timeline on PoolTogether’s socials!
Both PoolTogether and Across are autonomous and decentralized blockchain protocols. Be sure to understand the risks associated to decentralized finance software before using them.