👷How it Works
Stakera is designed to be simple and transparent, ensuring that you can easily understand how your deposits work within the platform and how the lottery operates. Here’s a step-by-step breakdown:
1. Deposit
Start by Depositing Your SOL: When you deposit SOL into Stakera, your funds are immediately swapped into a liquid staking token through Orca.
Orca Swap Fees: During the swap process, a small fee of 0.01% is charged by Orca for both the deposit and the withdrawal. This fee is paid directly to Orca and not to Stakera.
Liquid Staking: Your staked tokens are then added to the INF staking pool, where they begin to earn yield.
2. Earn Yield
Accumulating Rewards: While your SOL is in the staking pool, it generates yield over time. This yield is what funds the lottery rewards.
Weekly Lottery: Every week, a lottery is conducted to distribute the accumulated yield. The more you stake, the higher your chances of winning.
3. The Lottery
Winner Payouts: 90% of the yield is distributed to the randomly selected winners. The more participants in the pool, the larger the potential rewards.
Commission: Stakera takes a 10% commission from the lottery prize pool. This commission helps to maintain and improve the platform.
4. Withdraw
Easy Withdrawals: If you wish to withdraw your funds, you can do so at any time. When you withdraw your SOL, the staked tokens are swapped back through Orca, and your SOL is returned to your wallet.
Orca Swap Fees: Similar to the deposit, a 0.01% fee is charged by Orca during the withdrawal process. Again, this fee is paid directly to Orca and not to Stakera.
No Impact on Principal: Your original deposit remains intact, regardless of whether you win the lottery or not.
Winning Chance
Your chances of winning are determined by your average deposit over the prize period. For instance, if you keep $100 deposited throughout a 24-hour prize period, your average balance for that time would be $100. Now, if someone else deposits $200 just 12 hours before the draw, their average balance would also be $100 for that 24-hour period. Even though they deposited more, their chance of winning would be the same as yours because it's based on the average deposit, not the total amount.
Summary
Stakera offers a seamless and transparent process that allows you to participate in a lossless lottery while maintaining full control over your funds. By staking your SOL, you’re not only contributing to a community-driven pool but also standing a chance to win rewards every week, all without any risk to your initial deposit.
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