# Doubling the rewards

**Published by:** [Avaja Rich887](https://paragraph.com/@xholdingcorps/)
**Published on:** 2024-01-25
**URL:** https://paragraph.com/@xholdingcorps/doubling-the-rewards

## Content

PoolTogether is a protocol designed for saving money and the chance to win prizes. The on-chain experience is made enticing by the possibility of receiving significant returns in the form of life-changing prizes. Currently, holders of $pWETH are earning an annual percentage rate (APR) of 11.11% in $OP. The wETH Prize Vault allows users to save $WETH, participate in winning $POOL prizes, and earn guaranteed $OP rewards. Bonus Rewards are calculated in real-time based on the time-weighted average balance, with $OP being distributed in weekly epochs, unlocking every Saturday. The latest batch of bonus rewards is active until the end of March. To start accruing $OP rewards, users can acquire $pWETH and learn how to deposit. Additional information on Bonus Rewards is available for those interested. A new development is the Velodrome, a next-gen automated market maker (AMM) built on Optimism, launched in June 2022. PoolTogether users can leverage Velodrome to seamlessly swap between tokens, provide liquidity, and benefit from Optimism's low transaction costs. The POOL/WETH liquidity pair on Velodrome is currently receiving 500 $OP in bribes per epoch, leading to double to triple-digit yields for liquidity providers and voters. Voting Rewards are at 68% APR, while LP (liquidity provider) Rewards are at 128% APR. This liquidity initiative is supported by the DeFi Collective, contributing to deepening $POOL liquidity on Optimism. A disclaimer emphasizes the volatility of the POOL/WETH token pair, urging users to be aware of associated risks when providing liquidity. The post concludes with an invitation to engage with PoolTogether on their Discord server, Warpcast channel, and social media platforms like Twitter, Lens, or Mirror for more information and involvement in the PoolTogether community.

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