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> you're able to pool thousands of dollars What does it mean 'to pool' ether? I'm not familiar with using it as a verb. Or rather, if its just a transaction,
by platz 5y ago
> you're able to pool thousands of dollars
What does it mean 'to pool' ether?
I'm not familiar with using it as a verb.
Or rather, if its just a transaction, what is the mraning of the choice of the word pool for such an event.
- rattlesnakedave 5y agoif a group of people or organizations "pool" their money, knowledge, or equipment, they share it or put it together so that it can be used for a particular purpose for instance, you can "pool" money to provide liquidity for trades on the ethereum blockchain via uniswap.
- platz 5y agoWould it be accurate to say that if I buy a stock that I am pooling my funds?
- timdaub 5y agoI suggest you do research in Ethereum on: - staking - automated market makers - p2p lending/borrowing E.g. the compound.finance whitepaper explains some technical details well. One incomplete definition could be that you submit your money temporarily to the control of a mart contract.