Calculating the Lottery Pool Prize

Understanding how the lottery pool prize is calculated on DegenHouse is crucial for participants. Here's a breakdown of the process:

Formation of the Lottery Pool:

• Contribution to the Pool: The lottery pool is filled by participants who buy slots in the lottery.

• Maximum Pool Size: The maximum size of the lottery pool is determined by multiplying the maximum number of users by the slot price.

Distribution of Winnings:

• Winner's Share: The winner(s) will receive a fraction of the total amount accumulated in the pool.

How is the Winner Decided?

Determining the Winner

• Settlement Time: When the settlement time of the lottery is reached, the process to determine the winner begins.

• Random Number Generation: Random numbers are generated using Chainlink's Verifiable Random Function (VRF). These numbers are then mapped to select the winners.

Claiming the Prize

• Prize Collection: Winners can claim their prizes directly from the lottery page on DegenHouse.

By understanding these mechanisms, participants can have a clear idea of how the lottery pool prize is formed and how winners are selected. It's an exciting process that combines the thrill of chance with the transparency and fairness of blockchain technology.