zLOT.Finance — the first betting protocol, built on top of Hegic. HEGIC pays a fee to the accounts that own the “bet lot”. Place your tokens to win lots and share your rewards.
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Description of the zLOT.Finance project
Staking Lots — the only members, able to earn 100% of the settlement fees in ETH and WBTC, generated by the Hegic protocol. There are currently only 27 addresses, eligible to buy at least one bet lot. ZLOT Finance hopes to further democratize bet lot access by pooling $ HEGIC tokens within smaller holders, so that everyone can benefit from the settlement fees.
The protocol requires $ 888,000 HEGIC to initialize buyStakingLot and generate 1 LOT, each time this milestone is reached, LotManager can call a function to generate a new lot for the pool.
Some features of use:
| 1. | The HegicPool and LotManager migration capability will allow the administrator to migrate contracts if an update is required. |
| 2. |
The protocol has 2 tokens: zHEGIC (share in the pool) and ZLOT (control sign).
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| 3. | In the first phase of the protocol, all accrued fees will be directed to the protocol developers until control is deployed and takes over control of the protocol. |
The pool will be launched with 0% execution fee and 0% withdrawal fee. At the moment, the protocol fees are as follows:
- 10% performance fee;
- withdrawal fee of 0.3% (only within the first 7 days from the date of deposit).
The recovery period and withdrawal fee options will be activated only after the first lot of bets is ready. Until then, users will be able to withdraw funds at any time at no cost. After this period, if a Staking Lot is purchased and there are not enough reserves on the unoccupied pool balances, the user will have to wait until the bet lot is unlocked in order to withdraw their balances.
Additional information
There is no WhitePaper and RoadMap document on the site. Instead, a blog is available on the Medium platform. Articles about the project are available there.
From social networks, the community leads:
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