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How does PrizePool work
How does PrizePool make money?
How does PrizePool make money?
Frank Chien avatar
Written by Frank Chien
Updated over a week ago

Currently, we're using VC funds to pay for the PrizePool as a loss-leader to make the prizepool more attractive to users (no one wants to win a top prize of just $20). Though over time as deposits grow, the yield that is earned through our partnership with the bank will pay for the prizepool. We can either monetize via that way too (once it grows really large) or put that yield back into the prizepool and grow it.

We have other product lines coming in the nearish future that will show the other ways we plan on monetize.


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