A Decentralized blockchain based zero loss lottery system.
No Risk Pot is a revolutionary DeFi lottery platform where users can participate in lottery draws without risking their principal investment. Here's how it works:
Users purchase lottery tickets using PYUSD (a stablecoin).
The platform admin collects all ticket purchases and invests the pooled funds in liquidity pools or yield farming strategies to generate interest.
When a lottery draw occurs, winners are selected and prizes are distributed from the interest earned, not from the principal amount.
Key differentiator: All users receive their initial investment back, regardless of whether they win or lose the lottery.
1st Prize: 50% of the total interest earned
2nd Prize: 30% of the total interest earned
Platform Fee: 20% of the total interest earned goes to the platform owner
This creates a no-loss lottery system where participants can enjoy the excitement of potentially winning while preserving their capital.
Deployed on the arbitrum blockchain