PoolTogether Community Podcast #64 with Wooy
19 Apr 2023 · 41 min
In this episode of the PoolTogether Community Podcast, host Millie Yearley (Hot Mike) interviews Joaquin, co‑founder of Wooey, a platform that adapts PoolTogether’s no‑loss prize‑saving model for charitable fundraising. The conversation begins with personal crypto origins—Joaquin entered crypto in 2018 as a speculative investor and shifted to blockchain‑focused projects in 2021, while Millie recounts her own path from early Ethereum experiments to full‑time involvement with PoolTogether. Joaquin then explains Wooey’s mission: using blockchain to incentivize donations by allowing users to deposit tokens, earn yield, and direct that yield to nonprofits without locking or losing principal. The platform offers two incentive layers: unique experiential prizes (e.g., a lap with a former top‑5 tennis player turned rally driver) and proof‑of‑donation NFTs that act as “impact identities,” providing transparent donation records and collectible badges. He details the MVP run during Argentina’s 2020 quarantine, the naming origin of “Wooey” (derived from a Senegalese word for “help”), and the current beta on Polygon using USDC to generate yield. The discussion covers Argentina’s hyper‑inflation, the population’s distrust of the peso, and how crypto offers a store of value and financial sovereignty. Joaquin outlines a dual onboarding strategy: engaging existing crypto holders with impact‑driven pools and attracting fiat‑based users through simple on‑ramps, stablecoins, and celebrity‑driven campaigns. Partnerships with nonprofits, corporate ESG programs, and potential collaborations with PoolTogether (e.g., shared hyperstructure ideas, multi‑chain support, and prize‑pool integrations) are explored. Technical considerations such as multi‑chain compatibility, friction‑less user experience, and future support for additional yield sources (ETH, BTC, etc.) are mentioned. The episode closes with mutual enthusiasm for collaboration, a call for community feedback, and an invitation to join Wooey’s waitlist.
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This is the PoolTogether Community Podcast. PoolTogether is the world's number one no-loss prize savings account. You can visit pooltogether.com to deposit. You're listening to the PoolTogether Community Podcast.
I'm your host, Hot Mike, aka Millie Yearley, aka Tim, aka PoolieCon afterglow is still shining from my face, and I'm here with Joaquin from Wooey, Wooey, which is very similar to PoolTogether. And I was so excited to talk to you. We had, we had a conversation a couple of months ago and, uh, and we were, and now, and just the way that you've taken Wooey is like very cool. And so I'm so excited to talk about this, uh, savings account prize-winning thing, but I wanted to hear first about your origins into crypto. Joaquin, how'd you even get here? And then how did we start?
Yeah, sure. So we actually got into crypto around 2018, basically as a way of investment, speculating, as mostly people get into crypto. And during a couple of years, it was just like that. But after, I think it was in the beginning of 2021, or something like that. We started getting more into the technology side and the blockchain side of crypto and started working and understanding what can we use from this technology to make something for our own. And obviously, as most people during 2021 with all the DeFi fever, we went like full DeFi degen going everywhere. So it was actually very, Very funny experience. And with all the, I suppose, the hits everyone got in that era, but it was a very interesting experience. So how do you get into crypto?
Well, thanks for asking. No one ever asks me, Joaquin. And, and, you know, but this isn't about me. This isn't about me. But I got into crypto in 2019 and 2020. I got like, I have a buddy who I would meet him, we would meet for breakfast once a week and just kind of hang out and talk. And he was like, you got to get into Ethereum. And so I dabbled, but I got a little frustrated that I couldn't do much. Like I was, I did like the, I actually deposited in a pool together and I swapped via Uniswap. And, you know, I was able to do a little bit of things, got an ENS and learned a little bit about DAOs. But I just didn't, I was like, okay, that's, I'm done now. So what do I do? And so I didn't really get into it full-time until November 2021. When somebody told me that I had some airdrops waiting for me because of Uniswap and PoolTogether. And, um, and I got like a, I didn't even claim my, it was like a tiny ENS drop because it was through Status.im, which was like a wallet. It was like the first wallet with a dApp browser in it. Um, so anyway, that's, that's how I got into it. And, but November 2021, I, I, I was like, I'm doing it full-time now. So I just got joined the PoolTogether community and started taking notes. And, and now I do biz dev for PoolTogether and silly songs for For the Wasis, which is an NFT project. So yeah, crazy.
Yeah. Yeah.
So tell me more about Wooey. I want to, I want to hear all about it. I would love to hear your pitch just because it's, it'd be, I would love to inform my own pitch on PoolTogether. Go for it.
Yeah, sure. So we basically, I'm going to go like a couple of steps back to our story and how we got to what Wooey is today. We basically, both the co-founders, me and Tino, we've been like always involved in charity and with nonprofits and everything else. And during 2020, on quarantine in Argentina, I'm from Argentina, we started thinking on how we can help in that situation. And that's where we started like thinking of a model where we can give incentives to people to participate and to donate. And well, Going forward to that, we started 2021 with everything related to blockchain and see, and so like a way to get the model to use technology and leveraging the technology to do something that in other ways is difficult to do. So basically what we like to say is we are here to use technology to incentivize and to inspire people. And people can be like users and companies both. To make a greater impact in the world. And basically we act as a blockchain service account, very similar to what PoolTogether does in the sense that we allow the people to deposit their tokens. And when they deposit, they generate yield and they use that yield to generate donations. So basically it's using their like yield generating from their token. They can always withdraw without any lockup period fees or anything else. So they're always free to move their tokens, but the yield is always related to a nonprofit. And here what we thought is, how can we incentivize these people to deposit those tokens and to participate in this? And that's where we started thinking of different type of incentives and prizes. And also this came from what we did in, during quarantine in Argentina, in our MVP, where we basically proposed like 2 type of prizes. Basically, like being able to have unique experiences. They can be like traveling or experience with celebrities. And obviously the, like blockchain crypto side where you can get different type of tokens and NFTs as like prizes for the participation. And in that sense works pretty similar to PoolTogether. Basically, the users deposit, you come up with a calculation about How much you deposit and the time you left it there, and they give the probability of winning, and the winner is chosen using also Chainlink. And basically, during our MVP, what we realized and what we did is create unique experiences with celebrities where they donate their time. And for example, probably you won't know him, but he was an important tennis player. He was top 5 in the world for a lot of time, and he's now a rally pilot, David Narvandian. And what we did with him is we invited the winners to get a practice lap in his car, then go and watch the official race from the team's point of view. So they were with the team and going from all the organization side, and they ended up in a barbecue in a Formula 1 museum here in Argentina. So basically, it's giving the opportunity for people to have really crazy and unique experiences. And that as a reward for the donation and for helping others. In that time, it was in a campaign with the Red Cross, obviously for all quarantine and COVID-19 things. But the idea is basically we connect prizes and incentives with different charities and help them do the fundraising. And on our background side, what we saw on our volunteering and working with nonprofit is that Usually the fundraising side is one of the hardest things for the nonprofits because they have to constantly do fundraising to be able to get to do a great impact and to be able to help others. So what we wanted to do is like use and leverage our knowledge and our experiences and be able to use that in a way that makes a great impact than just volunteering. So for example, if I go and do At 10 hours volunteering, probably the impact I make, it's not like saying it's less, but the impact I can make using this technology and being able to help them fundraise is probably more than the impact as an individual, in my case, can do with a nonprofit. So basically it's that, it's being able to inspire others to be able to donate and to generate yield in a way that makes an impact. And as we said, Like giving a purposeful use to the technology of blockchain.
So that's beautiful. That's awesome. I'm noticing the name is very interesting. Where did Wooey come from? I know the answer because I read the docs, but I want to hear you tell it.
Yeah. So basically, when we started thinking about Wooey, we started like, hey, what can we name it that has like a really sense behind it? And we took Woi, that it means, uh, in an African tribe language, it means help. So basically it means help.
Yeah. So that, I guess that was my main question is why a Senegalese language? Like, how did that, were you just looking up different words and like for, for help and then happened upon that? Or do you have like any connection to Senegal?
No, it's basically, we started thinking of words that make sense for what we want to inspiring others. And when we started thinking, obviously, when we chose the name, we started thinking, oh, hey, we will have to have a website. We'll have to make like SEO, like sell for our company. And it's a name that it's easy to make branding and to make like SEO content that when the people Google it, it's probably be one of the first ones there.
Nice. Nice SEO and also fun to say. And so like, this is a fun concept. And when you're like, Wooey, fun.
Exactly. Yeah. It goes for there.
So, okay. I'm noticing though, if I, if I go to wooey.co, which is your website, um, there's a waiting list right now. So, and you just said that you did kind of like a test run during COVID So what, what's the next step? Like what's your timeline? When, when are you doing another test run? Are you going to open up to everybody? What's the plan?
So basically what we're doing today is we are making the beta test for the platform. It's already developed, but we're doing like a closed beta testing for that platform. But what we're actually launching nowadays is we have another part of our company that it's basically on the side of giving transparency to donations, that it's also one of the pain points usually for nonprofits. We created the concept of proof of donation NFTs, where we want to give transparency to every donation. So for example, when you donate through us, in the metadata of that transaction, we will have like who donated, like the wallet who donated to which wallet for this nonprofit, how much and when. So the idea is to add transparency to the donations, but also most important for us is be able to generate like the impact identity for the users. So while we are starting today, while we are doing the beta test for that platform, we are working with nonprofits and doing something basically something pretty similar to, I suppose, you know, PoAP, something very similar to PoAP where when a nonprofit gets a donation from a donor, we will give them a proof of donation and start building the, from one side, the impact identity for those users. But also start creating like this kind of way of start the nonprofit generating their community, generating a way to interact with the users in a different way. And obviously with this, we start generating our own community, start working with nonprofits, and after that, connect this with companies, and we will end with the like core points to create the Lost Earth platform later. So basically we're generating all the conditions to prepare everything to the launch of that Lossless platform and using the yield to donate. And basically that's like our main roadmap today.
So then the encouragement to the user is going to be one, you get the experiences, you get chances at experiences. And then the second thing is like you have this Soulbound token kind of POAP thing that shows like your impact I forgot what you just said. You said like an impact score or impact identity. Yeah, yeah, yeah. So that's cool. That's really, that's really great. Is it going to be like within seasons? Like, so like the cause changes, user can pick their cause. The same thing goes with experiences, right? Like you can only, you know, have one experience with a superstar tennis player slash race car driver now. So, you know, are you going to tier it? What's that look like?
Yeah. So basically both can work separately, but obviously on the pools, they're going to be obviously the Proof of Donation. And basically how the pools works is we get the, let's say, experience with the celebrity and work with a specific nonprofit on that case. And basically the people will know for which price they're running and which nonprofit they're helping. And obviously once we start working, we are gonna have like different pools for different nonprofits and different prizes. And obviously, as also as Pool2Earth works, as long as you like stay depositing in the pool, you're gonna continuously participate for different prizes and generating donations for different nonprofits. But the idea is to be able to always know to whom you are donating and for what we are participating. And also on the other side, and as I was saying before, Because the proof of donation also works separately from the pools, we can have collectibles with NGOs directly and do campaigns directly with NGOs where they can say, for example, and something we're implementing now, we have an NGO who works with animals and to rescue animals, and they have 3 different campaigns for different type of animals here in Argentina. that are running simultaneously. And what we're saying is, hey, when you donate to one of these campaigns, you're going to have the proof of donation with, let's say, an image from that animal. And if you collect the 3 animals, you get a different prize. Or for example, they have like an ecological park, so you have a free entrance to the ecological park. And the idea is to create different ways of interacting from the proof of donation point of view.
So, You're from Argentina, and there we talk about crypto adoption all the time and how in countries like Argentina, this might be an easier case to make than say, in the United States. So I'm wondering, what's it like in Argentina with the inflation going? February was like 100% inflation, prices doubled. And then how does that work with crypto for you?
So basically, it's something very particular from Argentinians, but basically most people can't trust our coin, the peso argentino, because we always have inflation. And right now, as you were saying before, on February we hit 100% inflation per year. So basically the people always is looking like, For a way to protect your your money from the inflation, and mostly what they do is they go into or what they did before is go into dollar. So you have like two different type of like dollar prices. You have the official one, but it's just just as like you make can make context. But for example, two hundred pesos today in the official market is one dollar. But you can't access the official market freely because it's restricted. So basically, if you want to buy a dollar, you have to go to a parallel market that is around 380 pesos a dollar. So it's almost twice the price. And you always, and people always here been looking for ways to protect their money from inflation. Dollar is the most traditional one, but with crypto, they started getting the opportunity to have easier access and also more safe access for, for these protecting their savings, basically, because if you buy dollars, you have to keep it under the mattress here. And it's very risky to do that. And obviously working with crypto and having it in your wallet, in your crypto wallet, you like have a safe, safer way to manipulate these, these funds. And obviously here the adoption of crypto is, I suppose, is more than most countries. I think there was only one country, I can't remember which one right now, but it's the only country that has more adoption than Argentina. And also what we have, it's like a really strong crypto community on the development side. Basically OpenZeppelin was founded from Argentinians and We have a lot of companies and very big companies in the blockchain industry, also POA, for example, that are Argentinian founders. So we have like a really strong cultural side now with everything related to blockchain. I mean, obviously using crypto in different ways. And also something very interesting and something that is happening today in the US, I suppose you know about what happened with SVB, like Silicon Valley Bank. And that's something we have in our mind always because we in Argentina mostly don't trust on the banking system to protect us. And when we heard about, it was I think that first day morning, hey, there are some rumors about a bank run. And what as an Argentinian we think, because we don't trust banks because Mostly there been a lot of what here is called corralito. It's basically when the banks say, hey, we won't give you the money because we don't have the money. And we have a lot of experience with that. And on 20— like 2001, we have a very big corralito at like country level. So having the solution that blockchain brings and having like Hey, you are your own owner of your money. Anyone can touch it and you can have like your tokens, your wallet, your keys, your wallet and your money. So that's like a really strong use case for someone from Argentina. And it really makes sense everything we say, like from decentralization to, to like having like ownership of your money. And obviously we're using We're trying to use this thing that Argentina have and start also giving this purposeful use to what we see on the benefits of blockchain.
So then your challenge is not to onboard people into crypto, it's to get them, get their attention then because they're already there. Is that the case or you're still also trying to onboard?
No, it's the 2 things basically. Basically get the attention of the people who are today in crypto. Because, for example, you have a lot of people that has basically the tokens in their wallet and they don't move it. They're like just saving those. And what we want to do is give them the opportunity to make an impact with those tokens. But we also say if we want to have the volume necessary to really make an impact for donations and for nonprofit, we really need a lot of people participating. And that's where the, the onboarding of fiat users to crypto comes. And one of the main ways we were doing and we are going to tackle this challenge is one, through nonprofits, basically partnering with them and getting to onboard those first donors to using NFTs as a way of proof of donation, targeting the first steps on everything related to blockchain from that side, but also give them the opportunity to, on the pool side, To participate for these prizes, and because, for example, let's say we do something again with David Navadiano, with Lionel Messi, and probably most of you know him. Most of his fans probably won't know anything about crypto, and we have to tackle those fans. And if we want to get the volume, we really have to talk to everyone and not just the crypto users who follow those celebrities or like those type of prizes. So basically the idea is to be able to do a very easy onboard for them to crypto and be able to use, for instance, their credit card or something like bank transfers to on-ramp them from fiat to crypto. Obviously for those users, it's going to be using a stablecoin and not a token that has volatile prices, but it's going to be a stablecoin and use those stablecoins to participate on the pools and to be able to have these chances of winning these prizes. while making an impact and making this like a purposeful use case for them. So the idea is, yes, we want to onboard this, this user, fiat users fan base. And it's also one of the things that we know we have to make in order to have a really big volume of people participating and being able to generate really big funds for the nonprofits.
I'm noticing that you're on— as far as your sponsors go or your partners, one of them is Polygon. So I assume that's where you're, you're at now. But there's also Celo. is on there as well.
Yeah.
So is that happening? Are we— are you there too? And then also from the onboarding perspective, I mean, as far as the people that you talk to, the people that you know, what are they generally using when they use crypto?
Yes. So basically today we are starting with Polygon and what we're testing is using USDC on Polygon. To generate the yield. But the funny story here is that with the people of Celo, we've always have a relationship and very good relationship with the guy who like works on the community in Argentina. He was one of the first who we started working with our model. Basically, we met him on the beginning of 2021 through a common contact. And when we tell told this common contact, hey, we're doing this, we want to. Generate funds for nonprofit in this way and this way. He told us, hey, you have to meet this guy. He's working in Celo. Celo is very aligned with your, like, vision and the idea to make an impact and everything related to sustainability. So basically, we met this guy, started working and talking every week with him, like a weekly session. And with him, we started giving some of the shape that today Woi has. Basically, he helped us with the model, with everything related to blockchain. And that's where the relationship with Celo comes. And also, obviously, as I was saying before, they're very aligned with our vision and the things we want to do in the impact side. So also it makes sense. But today we're still not working at contract level or something like that. It's mostly wanting to work in the future. And also On the on what you the other question you told me like which type of tokens or or what we're seeing today we're seeing a lot of movement related to Polygon in in some kind of way but for us the idea is to be able to create a product that is like multi chain with different type of tokens so the idea is not to generate a friction for the user to participate with us so like we want to use the main chains and main tokens. And allow the people to use those because we don't want to say like, hey, you have this token and you have to bridge it to participate with us. We probably will lose that user or, hey, you have to swap those tokens and use this other token to participate. And those friction is one of the things we want to eliminate in the way of participating so we can like break the barriers and get everyone involved and participating. But obviously, it's a big challenge on the technology side.
Yeah, I got a delicious vegan sub from Satan's Helper in Bushwick today, and I'm standing in line looking at Twitter like you do, right? You got some idle time, you got to check the tweets. And Evgeny from Zerion posted about account abstraction and was asking the question, which way is it? Are you doing an Ethereum wallet plus bridges, or are you doing all one wallet per blockchain What does that look like? And so I, now that I can do 240 characters or whatever, I can, I can be lengthy. I actually used Zerion to do this like really cool. I had, I just had a couple wallets plugged into it and I was able to like, I didn't have enough gas in this wallet and I wanted to move my pool tokens to my cold storage. And so, but Zerion just made it like super easy. And I was like, oh, this is awesome. Imagine. So I was like dreaming dreams on Twitter of like what account abstraction would look like. But yes, I think there's the question of like, hey, the users shouldn't worry about what blockchain they're on or gas. They just, they want to do stuff, let them do stuff. And I think another thing is idle money. People have, you know, the coins that they have, right? The tokens that they have, the NFTs that they have, and they want to hold it. Holding is a very big part of crypto, but while you're holding it, you want to do stuff with it too. So it's like, what can you do with the idle stuff? And That's beautiful that you can give to your favorite cause. You can give to nonprofits who generally nonprofits, they don't make their money at all by the micro donor. They make their money by the major donor. And so it'd be really cool to finally crack that nut, solve that problem, and allow— give power back to the micro donor and like actually be like, no, maybe that actually could surpass major donors. I don't know, dreaming dreams here. But I do think account abstraction is totally with that as well. Um, you know, reducing friction as much as possible is, is the key. And I think for both of us, for Pull Together and for Wooey, it's having that prize that is like a no-brainer prize. My name is Millie Yearly here in Discord because I'm manifesting that we're going to have a million-dollar prize. Or we could have an experience and those are probably easier to do without a million dollars, like fly in an F-18 or with Tom Cruise or something like that.
That would be really cool. So yeah, actually what we want to do and want to make is eliminating this friction. And we like to say it's like a loss way or a way of generating donations for free. And maybe, and what we are also thinking, and that's one of the drivers for us is Usually the people who donate and who get involved with those kind of things are usually the same and they will probably keep on donating. But we also want to attract a new user base that in other cases they wouldn't be participating. And in this way, being able to donate just the yield and not their initial capital is a way of also eliminating frictions for them. Because here in Argentina, you can see that a lot of people want to help, But they may not have the funds to say, hey, I can destine $100 to this nonprofit. So the idea of being able to generate this yield and use that yield and not your initial capital is a very strong thing for this type of users that in other ways we probably won't be, or a nonprofit won't be able to talk to them. And also the idea is to be able to generate like a new way for donors and NGOs to get involved. and also talk to a younger generation of people and be able to get this generation on board on the sustainability and on the fundraising and on the impact side.
Also at ETHDenver, the hackathon, correct me if I'm wrong, chat, but I think the project that won was basically Wooey. It was pooling your funds together for, um, to fund public goods, to fund nonprofit works that would benefit the public. So there you go. I mean, the judges voted, right? So you guys are doing something right.
Yeah, exactly. So this is one of the things that we started thinking of using the technology and leveraging on the technology. Today, it may be not yet there for mainstream, but it's coming faster than we know it. And also what we want to do is be able to get the things right and be ready for that moment. So yeah, and we love that people are also doing this kind of thing because we like to say that we are not like, they're not competitors, they're competitors. Basically we collaborate and in like, I don't know how to say, but in same kind of way compete, but the important side is collaborate. And as long as people are incentivizing and making an impact, it's great for us also. So it's great that people are starting to see the big picture here and being able to use these kind of mechanics to generate donations and generate impact.
Another thing is you being on Polygon, I just used Lens to do this last week. My wife and I, we feed some cats around the corner or in our neighborhood, And so we took a little camera out and we needed to see which of the cats needed to be fixed. Like there's, most cats have their ear trimmed a little bit so you can know. So we set these little hunting cameras out and got all these pictures of cats feeding. And we found 3 cats that need to be trapped, but I posted it on Lens and I said, and I made it a paid collect. And I said, hey, any money that that you pay for this collect helps me buy cat food. I raised, I raised like $25, which is like a bag of, a massive bag of cat food. So I'm going to post, I'm going to buy the bag of cat food. I'm going to post it as like a thank you to people who collect this post. But there's, there's also, yeah, like just using Lens as social to other ways that we can fund public good, that we can fund nonprofits, that Wooi can be a champion for as well. So I'm really excited. There's just like so much is moving in your direction. So my question is, how can we help? I know that there's this like waitlist to sign up. I don't know if you want the community to like overwhelm you with waitlist signups. That might be a good problem to have. How can we help Louie at this stage?
Yeah, so obviously every feedback is welcome. So we're very open to feedback. You can write us on Twitter, LinkedIn, email, anything you want, you can write us through there and we're always open to that. And obviously in every way you think you can collaborate, it's always open. Today we are also going through the first partnerships with nonprofits to start getting the proof of donation there. So obviously connection with nonprofits and everything related to those. Are most welcome. And on a second stage, I didn't talk about that much in this chat, but we are also, as I was saying on the beginning, we also work and want to incentivize and inspire companies to participate. And basically in both of our products, let's say on the pools and on the proof of donation, we have a relationship with the companies. And basically On the pools, it's basically being able to give them also a way for them to generate impact. And what usually companies are, and every day it's coming more, they have to take care of everything related to ESG performance, environmental and everything else. So basically it's giving them also a tool where they can make impact, but they can also showcase and show what they're really doing and what they're helping. So there is also to be able to Allow the companies to deposit and generate the yield. Obviously, in those cases, not winning the prizes, but also to help the nonprofits there, and also be able to create like campaigns with us. For example, and an example with the proof of donation, let's say, for example, an important brand of like let's say sports indumentary wants to participate and wants to make a campaign where they help. The Red Cross, let's say. And for everyone who participates and donates on those campaigns will get a proof of donation with that brand on the image of those proof of donation. But for every donor and for every proof of donation, they will have a 30% discount on their next purchase. So basically, in that way, they're also doing a campaign where they get to make the impact and get to showcase and invite other people to participate and to donate to those nonprofits. but also get a way of showing and a way of acquiring new users. So we have a thing where we work with companies on the impact side and on the marketing side both. And that is to be able to connect them and to incentivize them to participate in impact campaigns and be able to obviously generate more funds for nonprofits.
I love that. And I think that especially a lot of these big corporations have matching programs for their employees. So if employees give to nonprofits, the company might double, you know, might match their gift. But in this way, the other thing is like all these companies don't know how to enter crypto or the metaverse or NFTs, and they're looking for an easy, safe way. And PoApp is one of those ways. I know that Amex is doing campaigns with PoApp, but this is, this is like a no-brainer way. It's like, hey, no one's getting rich off of this. It's not speculative at all. We are— the yield is going to a nonprofit. And it drives sales because of the, you know, the discount that we can offer to those who are participating in this, in this campaign. I love that. I love that. Are you listening, Starbucks? Starbucks, do you hear us right now? WooWee is ready. They're ready.
Exactly. The idea is to generate like this win-win situation with everyone. And we want to work with everyone. Like the nonprofit wins by getting more funds and more visibility to their campaigns. The company wins by having easier ways to generate donations and also easier ways to showcase what they're doing. And obviously the people are winning because they get the chances to win these once-in-a-lifetime prizes, as we say. So for every angle, we want everyone to win. And the idea is to work with everyone and be able to participate with them.
Okay, so here's another question that is similar to PoolTogether's question. PoolTogether is moving into a hyperstructure. So we're creating a new version that allows for any coin, any yield source. And is that a plan for Wooey that it's just maybe you want to hold ETH? Maybe you're an ETH maxi, not a USDC maxi, especially in the past couple of weeks, or a Bitcoin maxi. So like, is there, is there plans or an idea to maybe allow wrapped Bitcoin or ETH to be deposited into WooWee as well?
Yeah. So the idea is, and it's something very interesting to think, we can leverage and we can learn a lot of what you guys are doing. I don't know. I think we talked about a little bit about that on our first meeting, but it's very interesting to think of being able to generate these structures where with every yield source, obviously, as long as they're a safe yield source, they can generate and leave their funds there and generate the yield and donate those yields, we're open to it. And obviously, that's something that we think that will come earlier than later.
Yeah, for sure. And I'm not plugging more PoolTogether products, but, but this is me plugging one, is that we're, we're working with Juno to create a PoolTogether spending account. So not only can you save with PoolTogether and win while you're saving, You can also spend with it. So you can keep your money there that you want to go spend on lattes and stuff in PoolTogether and spend it and then, you know, top yourself back up. So you still get the chances to win. So anyways, similar product could be, you know, we're just sharing each other's playbooks right here, you know, like maybe that could be a thing, you know?
Yeah, no. Yeah, it's super interesting what you're saying. And one of the things we are— I was asking and I want to get an update is You announced these things on ETHDenver and I saw the question in the chat. I couldn't go to ETHDenver this year. It's— I got a lot of meetings here and we couldn't make the time. But it's very interesting what you're saying and we want to be able to create these kind of things and we have to keep that chat open and see, see what goes from there.
For sure. Yeah, yeah, definitely. And when you were saying with like, you know, you want to have safe yield sources pooled together, the next version will PoolTogether wants to be like non-upgradable contracts, like the current V4. It's not upgradable. No one owns it. It's out there. It's going. If there's a vulnerability in it, it's toast. We got to do something else. So it's the same thing with this next version. It's like we're going to audit, audit it to death, make sure it's safe and easy to use and permissionless. Anyone can add whatever yield source or token they want, even malicious ones. However, just like Uniswap, You would see like the official approved list or something like some sort of like, you know, these are the certified ones. And then there's other ones that anybody can make, but still allowing for permissionlessness. So, but yeah, we'll share playbooks, we'll compare notes, we'll admire each other from afar. And hopefully we can, you know, we'll do PolyCon again. So maybe we can next year have Wooey present on, you know, the next iteration, what you found out in 2023. That'd be awesome.
Yeah, that would be great. I'm always open and getting to meet people there. And I saw, Denicio del Toro, your comment there. We have a global mindset. So the idea is to be able to get this everywhere, obviously. And we're starting the first steps here in Argentina, but it's going to be very fast and we want to work with everyone and everywhere. So we will get there to Dominican Republic as well.
Very cool. Very cool. Well, Joaquin, thanks so much for your time today. This is awesome. Everybody sign up for the waitlist. Let's continue to think about corporate sponsors. If you got the connects that want to try out crypto in a new safe way that could onboard some users and build their sales, and then also thinking about nonprofits and just who could really benefit from a campaign with Wooey. This is really exciting and looking forward to the future of working together.
Yeah, of course. We're fans of what you're doing. And also we got a lot of inspiration on what you do and your model. So obviously we are here to get to know each other better and get to work together. And let's hope that you also get the— you're objecting of the million-dollar prize. Let's go there. And for everyone, Yeah, and for everyone who is listening, if you want to leave us any comment or want to know more, you can go and hit us on our Twitter. We are Wooey.
We are Wooey on Twitter, on the tweets. All right, thanks so much.
Well, have a great time and let's get another meeting someday.
That's right. Cool. All right.
Thank you everyone for listening. Have a great day.
And it looks like you got DDT is already signing up to help you out. So
yeah, let's go.
Yeah, thanks. Yeah, he, Deniso produces the podcast for us, so.
Okay, that's great. Well, then you should
also don't play Topgolf with him. Topgolf, he's dangerous.
Oh, okay, that's good to know. Good to know. All
right, take care.
Thanks for listening to the PoolTogether Community Podcast. You can visit pooltogether.com to deposit, and we'd love to hear what you thought about today's episode. So visit the Pulled Together Discord and let us know.










