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Suffuze
@suffuze.eth
The Onchain Lottery has arrived! Shoutout to @bankless for putting on my radar, the design is super neat 👌 Check the replies for the deets on how it enables huge DAILY lottos of $200k+ 💸 👇 🧵 Also.. use this frame for a 20% points-boost and get rewarded for being early 🪂 https://frame.megapot.io?referral=NFvkLkDf
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Suffuze
@suffuze.eth
SUMMARY -LPs seed the pool (& collectively get tickets) -Users buy tickets from the LP -LPs also earn 20% on all ticket sales -If "LP-owned ticket" wins, LPs profit on the User ticket purchases + fees -If "User-owned ticket" wins, LPs lose the difference. Then a new pool is created from the LP reserves based on variance *If Users buy all the tickets from the LP, then the LP has nothing at risk in the jackpot.. but still earns the fees. Extra ticket purchases are now "minted" and increase the jackpot.
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