Mechanism
Users deposit SUI to the vault
Haedal will deposit the SUI from users who participating the game into a specific validator
Tentatively set 7 days as a cycle, calculate the Staking rewards and put them into the prize pool.
Random Vault Mechanism:
According to the proportion of Staking + time weight (averaged by time, the earlier you participate, the greater the chance of winning), for example, user 1 deposits $10,000 SUI at time b (in the first 3.5 days of the 7 day cycle), and user 2 deposits $10,000 SUI at Depositing $40,000 SUI at time c (the second 3.5 days of the 7 day cycle), the current winning probability of user 1 is 10000*7*24/50000=33.33%, and the winning probability of user 2 is 40000/2*7*24 /30000=66.66%.
It can be withdrawn before the game starts, but as long as it is withdrawn, this address will automatically exit the round and will not receive any income at this round, and a 1% withdrawal fee will be deducted. If there is any remaining SUI in this address, it will automatically be included in the next round of the game.
Take out the staking rewards and distribute them to the five winners, which are 50%, 11%, 11%, 11%, 11% and 6% of the protocol income (the same as the normal staking fee)
The claim time limit is 60 days. Rewards that exceed the time limit will be returned to the new prize pool.
All participants automatically join the next round of the game.
Last updated