Introducing Lucky Pool: Motivating active Liquidity Providers
The DeFi project, KeplerSwap, has been one of the most talked about DeFi projects in crypto-space of late. This project derived its concept from DeFi, however, on a more higher level of DeFi. It established a new DeFi 2.0 environment based on DeFi 1.0. As the explorer of Defi 2.0, KeplerSwap is a smart contract based on the Binance smart chain (BSC) that aims to achieve multi-chain and cross-chain aggregation. Meanwhile, KeplerSwap is the first DeFi2.0-based decentralized exchange. Apart from complete access to DeFi 1.0 services, KeplerSwap also offers a referral program, SPACE, Lucky Pool, and other features that address many of the issues that DeFi 1.0 overlooked.
One of the Features we'll be looking at today is the Lucky Pool Features. This is a service provided by KeplerSwap to help encourage active Liquidity Providers.
The Lucky Pool Incentives
For the purpose of a balanced and sustainable ecosystem in KeplerSwap, KeplerSwap has ensured that new users acquire a referral relationship with existing users, and this is where the Lucky Pool comes into play. While all referral relationships are inextricably linked, the invitee's revenue is related to the inviter. KeplerSwap will set aside it native tokens, SDS, as well as BUSD as reward tokens for the lucky Pool.
Why introduce the Lucky Pool?
- To provide Kepler users high random rewards while encouraging them to actively participate in liquidity market making.
- To encourage KeplerSwap users promote the KeplerSwap project by giving incentives as they introduce new users to the ecosystem.
- To encourage users to actively provide liquidity on the platform, by offering high random rewards.
The platform's assets in the LUCKY POOL also account for the transaction fees, and KeplerSwap returns a percentage of the user's transaction fees in the form of a referral pool.
How does it work?
When a new user is referred to the KeplerSwap, this user has to maintain this referral relationship with existing users. This relationship is forever, that is the inviter, existing user, and the invitee, new user, will be linked together by the platform permanently.
With respect to this established link, the new user has to perform his first trade of asset exchange through the existing user. After this condition is met, the inviter, or existing user can now enjoy the following benefits;
Direct referral trading bonus which will be distributed in SDS.
The inviter gets to participate in the Jumbo lucky Pool, but if only the inviter's liquidity market making volume ranks the highest.
Inviter can also enjoy a portion of the liquidity market making revenue from his invitees.
A smart contract is utilized to randomly choose eleven persons who meet the entry criteria. One person will receive 50% of the tokens from LUCKY POOL, while the remaining 50% will be distributed evenly among ten users.
We will get a random number from the ChainLink chain to identify a person who will earn 50% of the award. Using a random number generator, the algorithm is randomized.
The Lucky Pool Algorithm
- let data1 = hash (block.timestamp, block.difficulty, msg.sender, block.
let data2 = hash (msg.data, gasleft(), tx.gasprice)
let data = hash (last_data1, last_data2)
Let num = uint8(uint256(keccak256(abi.encodePacked(data, data1,
let success = num = 1
Everyone can benefit from the LUCKY POOL, all you need to do is encourage your friends to actively participate in KeplerSwap liquidity market making. And the more active users you introduce to this liquidity pool, the higher your chances of participating in the JUMBO LUCKY POOL!!!