👋 Hi Farcaster! I’d love to introduce myself and share about the protocol I’m building. 

I have led products at Uniswap and bought bitcoin back in 2015.

I’m a software engineer, product manager, and dad who lives in San Francisco... 🧵

building world's largest lottery. currently, crypto's largest /megapot • 🟪 #45, FID #1575 • ex @uniswap, now south park commons

I don't really understand the purpose of an LP in a lottery system..

Are they just essentially seeding the jackpots until there are enough users to create attractive jackpots naturally?

Seems like a superfluous role in the long-term and a raw deal in the short term

Two reasons:

1. LPs seed the jackpot to get this off the ground. Hard to get a big jackpot going when you have no players.

2. Lottery regulations are difficult - if you have players buy tickets and you pick a winner, that's clearly a lottery.

Ours is similar to roulette, but played on a massive scale with the whole world, and extreme variance (instead of 1:36, it's currently 1:150000). This likely falls into existing frameworks around online gambling, making it easier to integrate

Yes, it's fully onchain. We use Pyth Entropy to generate the random number, Pyth secures $7B of assets with their oracles

Contract is audited, overview here:

Yes, it's fully onchain. We use Pyth Entropy to generate the random number, Pyth secures $7B of assets with their oracles

Contract is audited, overview here: https://docs.megapot.io/deep-dive/smart-contract

Interesting! Thank you! 

Is it pretty easy to verify the odds?