PoolTogether (POOL) — Governance Rights Report

Vol. I, No. 1 Monday, August 31, 2026 PoolTogether — Governance Rights Report

Verdict

PoolTogether

POOL — Governance Rights Report

Tier 5 S4 — Token-to-Equity Conversion Assessment as of 2026-08-31

GSA-1 fail GSA-2 fail GSA-3 fail GSA-4 fail GSA-5 near-miss GSA-6 fail GSA-7 fail GSA-8 fail

Why this rating: Governance shutdown executed Feb 2026 (PTBR-35, Feb 6; redux Feb 25): on-chain Governor wound down and remaining governance-system liquidity redistributed to POOL holders via AMMs — protocol continues team-run with no economic rights. Governance decentralization perpetually promised, never delivered; POOL 'created solely to govern' — decorative by design

Governance decentralization perpetually promised, never delivered
POOL 'created solely to govern' — decorative by design
S4 RE-TAG 2026-08-31: PTBR-35 'Governance Shutdown' executed Feb 6 2026 (340.03K votes, 47 addresses) + 'Governance Shutdown (redux)' Feb 25 2026 — remaining governance liquidity redistributed to POOL holders via AMMs; protocol team-run (ApeCoin/Fei pattern); GSA5 near-miss retained pending dissolved-DAO index-treatment review at next re-file

Where to Vote

Proposal History

Proposal	Title	Outcome	Closed
0x5bb42bc3db…	Optimism Vault Charitable Cause	Closed	October 17, 2024
0x4621f6358c…	[Final Vote] Ethereum Deployment Options	Closed	August 14, 2024
0x597998bc89…	OP Rewards for Charitable Vault	Closed	August 13, 2024
0x2c84de6b99…	[TEMP CHECK] POOL Mining on GP Boosted Chain	Closed	July 11, 2024
0xc1201ac197…	[TEMP CHECK] GP Boost on Which Chain	Closed	July 11, 2024

History from the Institute scanner and the 2026-08-31 recheck pulls (Snapshot Hub GraphQL / OpenSquare). Outcomes marked from recheck determinations where the proposal is named; otherwise the recorded state is shown.

Metrics

Curated metric — next quarterly update. On-chain revenue, treasury, and distribution-enforcement reads are not yet wired for this DAO's space in the Institute's state files; the quarterly re-assessment cycle will populate this block.

Structure & History

Structure: S4 — Token-to-Equity Conversion.

S1-S5 protocol business structure taxonomy, as-of 2026-08-27 (structure taxonomy date); scores as-of 2026-08-31 (first scored 2026-07-23)

2026-08-31 recheck — what changed

Structure re-tag S1 → S4: PTBR-35 'Governance Shutdown' executed Feb 6 2026 (redux Feb 25) — on-chain Governor wound down, remaining liquidity redistributed to POOL holders via AMMs (pre-baseline event missed by matrix)
Tier re-tagged Tier 4 → Tier 5 (Dissolved / Paused / Wound Down)
key_finding and flags updated to executed state
GSA cells unchanged; GSA5 near-miss retained (dissolved-DAO index treatment would drop to fail — re-exam deferred per batch3)

Source: https://www.tally.xyz/gov/pooltogether

First scored 2026-07-23; rechecked 2026-08-31.