With the StarkDeFi Lottery, you can win lucrative $SDC prizes! The process is easy and fair, and you can enter as many times as you like as long as you have enough SDC to buy tickets. An overview of the StarkDeFi lottery is as follows:
Users purchase a lottery ticket for a round, which is automatically priced at $3 in SDC.
The lottery protocol generates five randomized numbers daily at 00:00 AM UTC using the Chainlink Verifiable Random Function (VRF).
A lottery winner is identified by how many entries match the exact numbers from left to right. Prize pool allocations for correctly matching digits are as follows:
Blocks with 1-digit matches: 3% rewards
Blocks with 2-digit matches: 6% rewards
Blocks with 3-digit matches: 11% rewards
Blocks with 4-digit matches: 20% rewards
Blocks with 5-digit matches: 45% rewards
From the 15% lottery pool balance, 10% is burned, and 5% is sent to StarkDeFi's Treasury and the Reserve Treasury. It is important to note that prizes not won or claimed to get allocated to the next lottery round, increasing the stakes and prize pool.