Congrats to lottocoin for winning the $247,000 jackpot in today's Megapot drawing ๐ฐ๐ค
@megapot is the world lottery protocol on base eth L2.
Buy a $1 ticket for a daily chance to win a quarter mil. Soon, $1 million.
For LPs, this player-won jackpot was a drawdown, as LPs take the other side of the jackpot risk in exchange for the lion's share of ticket fees. Poor LP's?? Nah. They'll be fine. With the ticket sales growth, current estimated LP APY is 29.5% ๐คฏ. This 29.5% includes players successfully an average future number of jackpots. If players get unlucky, APY rises: ~50% to ~100%+. This is pure USDC ticket fees. No borrower risk ๐ง. Best variable yield in Ethereum. LP details:
LP deposit cap grows in late Oct. Be ready.
Today's full draw results showing the $247k win: