megapot

Weekly Megapot announcements thread 🧵

1️⃣ New prediction market on Megapot 
2️⃣ Featured in @bankless video
3️⃣ Screen recording of @basedevo's new site

$1M TVL is nothing for a DeFi protocol

Yet a $1M jackpot is larger than most lotteries worldwide

The question is not "if" but "when" :)

building world's largest jackpot /megapot • ex @uniswap • 🟪 #45, FID #1575

thank you! 

1. non-LP winners need to claim the jackpot. there is no expiry date since those funds are set aside in the contract for the claimer. the frame (now mini app!) doesn't notify you, but we're working on adding push notifs soon 

2. pretty confident! we use entropy - https://www.pyth.network/entropy which takes in a random number from us, and from them to generate a massive number. it's a `bytes32`, which returns anything from 0 to 115792089237316195423570985008687907853269984665640564039457584007913129639935. 

we run a modulo operation on the massive number above to determine a winner. technically, there always exist some modulo bias, but it's negligible given how large this number is:

host /nerd | creator @mastergrief | lvl 0 trader

thank you! 

1. non-LP winners need to claim the jackpot. there is no expiry date since those funds are set aside in the contract for the claimer. the frame (now mini app!) doesn't notify you, but we're working on adding push notifs soon 

2. pretty confident! we use entropy - https://www.pyth.network/entropy which takes in a random number from us, and from them to generate a massive number. it's a `bytes32`, which returns anything from 0 to 115792089237316195423570985008687907853269984665640564039457584007913129639935. 

we run a modulo operation on the massive number above to determine a winner. technically, there always exist some modulo bias, but it's negligible given how large this number is: https://research.kudelskisecurity.com/2020/07/28/the-definitive-guide-to-modulo-bias-and-how-to-avoid-it/

Really cool mechanism with the LP on /megapot 🔥

A few questions though.. 

-Do non-LP winners automatically receive funds or do they have to log in and claim within a certain timeframe? And does the Warpcast frame notify if you win?

-How certain are we on true randomness? (Every weighted RNG I've ever used has chosen the top percentile 100% of the time, even when odds say otherwise)

Feature request: setting up automatic ticket buys 😄

it'll be a while (on the order of months)

Is there a timeline for other countries? I'd really love to join, but either have to get a VPN or just wait it out.

just bought a ticket and then after opening that miniapp for the second time it's said i'm in an unsupported country all of a sudden!?!?? wtf!?!?? 👀
why wasn't that the case while paying for that ticket in the first place?? is that an error maybe?? which countries are restricted??
(i'm from germany f.e.)

am i as a german really in an unsupported country? 🥲

You'll find me in /degen & /lp & /nerd & /retrogaming & /cryptoart & /gen-art & /arte & /gen-x & /poker & /burrfrens & /stokefire & /alfafrens & /hambit 👀

yes, unfortunately. we abide by gaming regulations, not just crypto regulations

am i as a german really in an unsupported country? 🥲
https://warpcast.com/siadude/0xa6a21638