TLDR Tech / Crypto
The World's First Global Lottery
Megapot is an on-chain lottery protocol on Base that launched with a $1.1M prize pool, offering $1 daily-draw tickets accessible from any EVM chain through an intents-based backend. The protocol allocates approximately 63 cents of each ticket to player expected value, outperforming Powerball's roughly 50 cents by 25%, while routing about 20 cents to liquidity providers who backstop the prize pool and 17 cents to referrers and front-end distributors. LPs earned approximately 73% APY during the first week from ticket-purchase revenue rather than token emissions, and the design creates a self-reinforcing cycle where larger prize pools draw more players, which in turn grows LP earnings and expands the pool further. The protocol is permissionless on both the supply and distribution sides: anyone can provide liquidity to act as the house or deploy a front-end to capture the 17% distributor fee, removing state governments and retailers from the traditional lottery value chain.
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