megapot

IT FINALLY HAPPENED 

Someone just won $207,076.40 with a $1 ticket 

Today, there’s $212,875.61 that could be yours. 🧵

It took six long months

But someone finally won the $207,076.40 jackpot with a $1 ticket 

LPs got rekt. But the protocol worked as expected - there’s a fresh $212,000 jackpot. What an insane day.

building first global jackpot @megapot • ex @uniswap • 🟪 #45, FID #1575

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Haha! But LPs win in the long run. 

Three days in, it’s been 150%, 800%, 11000% APY… on USDC! Wild to find this yield in this market 

Plus they earn our points program :)

I was pretty close to providing liquidity for the first time yesterday (my first time playing) 

Crazy that someone won it and glad I didn’t 😅

Probably less

But the APY is insane so that’s why they’re in it. The house always wins in the long run, it’s just how much risk can you stomach 

We allow LPs to passively invest and only put a portion of their position into the jackpot, such that after a jackpot is won, some of their residual liquidity goes into the next one

Dig in here:

Founder of LangCoin, the first insider memecoin for developers. 
https://LangCoin.info

Formerly PM/PMM at Google, Capital One, fintech startups

Probably less

But the APY is insane so that’s why they’re in it. The house always wins in the long run, it’s just how much risk can you stomach 

We allow LPs to passively invest and only put a portion of their position into the jackpot, such that after a jackpot is won, some of their residual liquidity goes into the next one

Dig in here: https://docs.megapot.io/overview/earn-as-a-liquidity-provider

Do you think people will want to provide liquidity more or less after a jackpot win? How did you make sure another, bigger jackpot amount was ready for the next lottery? Would be interested to learn how this works

A basketball coach trying to learn and how to navigate web3.

Marketing esprezzo.io & 
flora.network | 🌱 Thoughts are my own | Video content

Have been waiting a long time for the RNG gods to wreck me (I’m a small LP)

Yeah it’s insane to see a win. To many more!

Making DeFi accessible to everyone - building @starta | FID 675

yes, they did! but the return is regardless of entry (rather than a static multiplier) so we wanted to be clear it's really a $1 ticket that won

Didn't the winner buy $7,000 worth of tickets or am I reading the data wrong? Still a fantastic return in any case!

lol someday 

I’d love for a UX where I can deposit 10 bucks at once and it then puts it $1 each automatically

I legit think it was me 
I bought 1 ticket

you probably don’t think about liquidity enough // it is what it is  // build value, not valuation

They know the risk if they can pull off five fig APY 🫡

Not great 😅
Depends on how much of your position that you set in range
But fees earned were 11000% APY from bets placed yesterday

Insane it can feed all of my province 💀

Incredible win! LPs took a hit, but protocol functioned perfectly. Exciting to see a new jackpot emerge

I was gonna get in on this recently but can't due to being in an unsupported region (UK) not sure if that is our gov policy or megapot itself