You are viewing a single comment's thread from:

RE: Steemit Power Down Proposal

in #steemit • 5 years ago (edited)

All this talk of APR ... we need to embrace the 2020 DEFI trend issued down by illuminati decree

lets make a no loose lottery with SBD and SP

https://cryptobriefing.com/defis-first-no-loss-lottery-raises-million-interest-accrues/

More importantly, even if a user doesn’t win, they get their deposit back, according to a blog post from PoolTogether.

im high but i bet this can work on steem , mix it all together drink it in a big APR milkshake i got those eosio smart contracts and steem engine side contract hype, liquidity, volume, demand. DPOS

Proof ... of... Brain.. Power down your sanity

the wallet is you
HEQcFDJ.gif

5 years ago in #steemit by
$0.00
    1 vote
    Reply 3
    Sort:  
  • Trending
    • [-]
     5 years ago  

    I'm not sure I understand any of the concepts you mentioned. Dunno how you can make a no-loss lottery.

    $0.03
    • Past Payouts $0.03
    • - Author $0.01
    • - Curators $0.01
    1 vote
    Reply
    [-]
     5 years ago  

    I just learned about it yesterday and think we need this on eosio with steem engine with mah steemp steem token that has smart contracts

    At 699,927 lottery tickets (each DAI representing one ticket), the probability of a single ticket winning the pool is 0.00000142. A user’s odds of winning increase as they purchase more tickets, but they also forego more guaranteed yield from lending the funds elsewhere.

    , theyre simply combining no loss stable coins that earn you guaranteed interest, with lottery tickets.

    just look at the article they explain it like this:

    it seems like interesting stuff

    $0.00
      Reply
      [-]
       5 years ago  

      But if you deposit the funds, and you lose, do you get them back? If not, how are you not losing your initial deposit?

      $0.00
        Reply