Why does Megapot need to exist? @ryanberckmans puts it as eloquently as possible We can agree to disagree on implementation details, but here’s the grand master plan. It’s been the same from day one.
Ryan Berckmans
Ryan Berckmans18.8. klo 01.49
Some onchain app ideas are obviously eventually going to be extremely successful An onchain lottery is one of these A lottery can resell the same "ticket to dream" to each marginal buyer, a dream that gets larger for all with each new buyer and/or LP. It's inherently global, being the first lottery to resell the ticket to dream to potentially all countries. Onchain lotteries are much cheaper to run and have lower take rates than offchain lotteries, which are expensive and often overly extractive, and have theoretically much smaller prizes from being limited to the local jurisdiction. And onchain has permissionless 3rd party distribution into any app/context, can be extremely viral and fast growing. There's going to be at least one onchain lottery that's an absolute juggernaut. We'll see billion-dollar daily jackpots. This is immediately viable low-hanging fruit, somebody just needs to get out there and scale up a lottery protocol or two. Right now the category leader in onchain lotteries is megapot. They have started to grow and integrate, with the protocol home on Base, a sales outlet on World chain as a mini app, and a few protocol-level integrations such as quoted. This is a great time for founders to step up and compete with megapot before they get too big. Onchain lotteries are incredibly scalable and defensible protocols. If you are raising for this DM me. We need the largest lottery to use ETH - tickets paid in ETH, fully denominated in ETH. LPing a lottery protocol (to bootstrap the jackpot) is a great yield opportunity for ETH whales. If you LP a lottery in ETH, it can offer competitive average yield while the lottery protocol itself is low risk via being simple/small, self-contained, and provably fair. Somebody should build this.
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