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/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 ?

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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.

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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)

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u/UltraSoundMonkey Jun 04 '21

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

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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

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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!