WinWin-Lottery
WinWin-Lottery is a no-loss lottery platform where users stake their tokens to earn yield over time. The yield generated from staked tokens is pooled and distributed as rewards without the risk of losing the initial deposit.
Project Description
Overview: WinWin-Lottery is a no-loss lottery platform where users stake their tokens to earn yield over time. The yield generated from staked tokens is pooled and distributed as rewards without the risk of losing the initial deposit. Participants can win rewards in daily, weekly, and monthly lotteries, creating a sustainable and user-friendly way to earn while maintaining full control over their deposits.
Key Features Zero-Loss Participation: Stake tokens, earn yield, and participate in the lottery with no risk of losing the initial deposit. Rewards Distribution: The yield generated from staking is pooled and distributed as lottery rewards (daily, weekly, and monthly). Sustainable Model: Users only win or withdraw their full deposit, while the generated yield is pooled for lottery rewards. Multiple Reward Tiers: Daily Rewards: Small, frequent rewards to keep users engaged. Weekly Rewards: Larger rewards for mid-term stakers. Monthly Rewards: The largest rewards for long-term participants. No-Loss Withdrawal: Users can withdraw their initial deposit at any time, and their share of the yield contributes to the reward pools. Yield Generation: Assets are staked in secure DeFi platforms (e.g., Aave, Compound) for consistent yield generation. Protocol Fees: A small percentage of the yield is allocated to the protocol to ensure sustainability. User-Friendly Interface: Simplified DeFi interaction, making it easy for users to stake tokens and start earning rewards. Scalability: Supports multiple tokens and integrates with additional DeFi yield protocols over time.
How it's Made
We have used mina protocol protokit to make the things , even we made contracts on flow which is deployed on flow-evm .
How It Works Staking: Users deposit ERC-20 tokens into the protocol, which are locked for a specific period (daily, weekly, or monthly), depending on the selected reward tier.
Yield Generation: The protocol stakes the assets in yield-generating DeFi platforms like Aave or Compound, earning interest over time.
Lottery Pools: The interest generated from staked assets is pooled into reward categories (daily, weekly, and monthly).
No-Loss Withdrawal: Users can withdraw their initial deposit at any time. However, their share of the yield will contribute to the prize pools.
Protocol Fees: A small portion of the yield is taken as a protocol fee to ensure operational sustainability.
