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by platz 1741 days 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.

2 comments

I 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.

if 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.

Would it be accurate to say that if I buy a stock that I am pooling my funds?