👋 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 the largest onchain lottery /megapot • 🟪 #45, FID #1575 • ex @uniswap, now south park commons

At the time, I couldn’t figure it out. 

I then spent a year hacking on protocols at night

I took the night shift when sleep training my newborn daughter. 

She woke up every 45 minutes so instead of trying to fall back asleep, I built side projects

A year later, I left Uniswap because I was so excited to build a protocol startup and I also wanted to get sleep.

I was inspired by @jacob's article on hyperstructures: https://jacob.energy/hyperstructures.html

I tested ideas around ad networks, identity, privacy, and payments but didn’t find product market fit

One day, I was talking to my mom and she mentioned how she has bought a lottery ticket every weekend for a decade. 

That’s when it clicked. 

Every state and country has a giant pool of money that’s separated by borders. It’s a lottery prize pool.

If these pools were combined and accessible anywhere, the jackpot would be massive, and get even more exciting

What if we made the fairest, lowest fee lottery for the world?

I then spent some time thinking about if this is really what I wanted to spend the next decade working on

In the end, yes, it was. People will always want to gamble

Crypto is full of scams, casinos take a large margin, and lotteries take even larger margins

You don’t have to condone gambling to want to improve it. It’s a noble goal to reduce consumer prices.

I recognized that just putting a lottery online wasn’t conducive to building a mega jackpot, getting distribution, and there's significant regulatory concerns

So I thought back to my experience at Uniswap where I worked on liquidity provision and with legal on token and NFT compliance

megapot

Also, to my time at Lyft, where I built incentive algorithms for multi-sided networks

That’s when I realized there’s a better way.

I started building /megapot in January

We launched two months ago and have grown to be crypto’s largest lottery

We have a daily $130k jackpot and have run $5M in lotteries

9 apps are building on our lottery-as-a-service protocol

We designed this protocol for global compliance flexibility

As a permissionless protocol, this reduces our compliance burden

Apps that sell tickets are expected to ensure regulatory compliance

Our unique lottery structure may be classified as casino 'banking' game

These have simpler compliance than lotteries, which should allow online gambling sites to easily add us

I’m incredibly proud of the progress we’ve made so far

I believe we are at our Uniswap V1 moment. 

My goal with Megapot V2 is to build a protocol that is truly permissionless and can stand the test of time, just like Uniswap v2

Even folks like Justin Drake from the Ethereum Foundation are excited about the idea of a world lottery:

Even folks like Justin Drake from the Ethereum Foundation are excited about the idea of a world lottery: https://x.com/ryanberckmans/status/1833162803609305292

We’ll also expand to user-generated lotteries tailored to every place and use case

We’ll build a lottery launchpad to enable anyone to launch a lottery with an instantly large jackpot

We can make this programmatic too. Imagine a lottery where there is a winner every $100k or where 50% of players win

Or where the ticket price is as low as $0.001, enabling apps to offer tickets freely as incentives

What if we allowed a user to get the best odds to win an exact amount 
(eg. with $2, win exactly $25k to buy a car)

All of this will be powered by the same liquidity enabling liquidity providers to earn maximum yield

We're raising our first funding round soon

This enables us to expand our team, scale to every chain while keeping the jackpot on one chain, and build a user-generated lottery launchpad

If this is interesting to you, I’d love to chat! 

Feel free to DM!

When I started working at Uniswap, I appreciated how the protocol was successful because it brought together fragmented token order books

I also loved how Uniswap is public infrastructure that is financially valuable.

So I thought to myself, what other fragmented pools of assets could work well for a protocol?

customer support @supercast

trying to sound smart /doingnumbers

If only… let’s see which happens first, Farcaster supports Blast frames or we expand to other EVM chains!

Founder & Creator of /unique-vehicles just trying to find cool original content from every country. Authenticity ain't dead

🟡 ⌐◨-◨ 🤙🔵 


Is that the Don CeSar Hotel in the background? I dont think it is but it sure looks like iet

c/acc - 🏴‍☠️🌊 Bring me that Horizon 🍹
Gold League of Legends player

http://icebreaker.xyz/syed.fc

On-chain creative + graphic designer with extensive experience in advertising.

Vilnius, Vilnius City Municipality, Lithuania

UCLA Professor of Behavioral Neuroscience. Director of UCLA Comparative Cognition Lab. Proof Collective member. Director of Pigeon Art Project. Bankless citizen

gm! thanks for the warm welcome. yes, it's been a fun few years, and it still feels so early

GM! Thanks for introducing yourself. Sounds like you've been on an exciting journey through the early days of blockchain tech development.

Full-stack web3 developer, learn more about my projects here: https://github.com/tempe-techie 

Nice, I just bought a ticket to try it out. Looking forward to v2! (hopefully also on Degen Chain)

1000 $DEGEN

OG in many ways. Collaboration is the way. Break all monopolies.
We all have a soundtrack and we have some common tracks. 
Speakupnw.eth
Speakup.base.eth

founder /cryptoninjas | true ninja | reply guy | degen | builder

web3, tech, everything sweet everything spicy💜✨

account manager: @supercast <3

totally hear you. not going to try to convince you, but sharing some context:

we often look at things from a purely mathematical EV point of view
but for many people, $1 won't change their life, but $1M will. even if it's low likelihood and negative expected value, it's actually the rational decision for many. the reality is that people are going for opaque memecoin presales, sports bettors (often younger) are increasingly choosing parlays because they're looking for a 1000x. if we can give them transparent, best odds to get that 1000x, i think it's noble

for context, i was the lyft product manager working on drivers' earnings. one criticism of lyft is it's exploitative - drivers are essentially getting paid now, but they'll pay for it later in car repairs. but it's the rational decision for most. 2% of adults in the US have driven for lyft because people often need money right away, and this is a far better option than payday loans, etc. i'm really proud of the work i did to improve driver pay.

Definitely going to say this is good work, but not my cup of tea. I’m convinced that the lotto is a tax on the poor. I think the government should have zero involvement in the lotto, regardless of the funding it brings in. It’s not a public service nor a public good.

But seriously I hope your hard work pays off.

Yeah, we'd love to do more with programmatic paid user acquisition - get a 5 friends to buy a ticket, get one free, etc. 

Right now, we're completely bootstrapped so hoping to raise a round so we can do more on that side

giving out /megapot lotto tickets to users as a reward is a cool idea

Founder @blokc protocol DAO, decentralizing Wealth Management. Everyone deserves to have a Garden 🌱 🌿 🌳 and the help of a Gardener 👨‍🌾 more info at /blokc

thank you! we're just getting started, got a long way to go!

Building Higher apparel at High Line 🧢 
Host at /clickcast /cpg

Just me! I have someone now helping out on socials/mktg/bd

Great intro! How many people are working on the protocol now?

thank you! you can check it out at megapot.io!

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

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

growth @teller coming soon @clarity





























































hosting /kieran /usdc /loans 