For the complete documentation index, see llms.txt. This page is also available as Markdown.

Summer Backer Bonus Program

Earn guaranteed bonus incentives for supporting the Megapot prize pool this summer.

We're rewarding backers who commit to the prize pool during our summer growth period. If you have funds in the pool before the drawing on June 24th and maintain your position through September 23rd (90 days), you'll be eligible for bonus incentives targeting ~20–25% APY.


How the Bonus Works

We commit to a $54,000 bonus pool that scales down linearly as tickets are sold. The formula is fixed at program start and does not change based on pool composition or lottery parameters.

The Formula:

Bonus Pool = max($0, $54,000 - (tickets_sold × $0.10))

Equivalently:

Bonus Pool = $54,000 × max(0, (540,000 - tickets_sold) / 540,000)

Fixed Commitments:

  • Maximum bonus pool: $54,000

  • Ticket threshold: 540,000 tickets (6,000/day × 90 days)

  • Rate: $0.10 per ticket below threshold

Total Tickets Sold (90 days)
Bonus Pool

0 tickets

$54,000

100,000 tickets

$44,000

200,000 tickets

$34,000

300,000 tickets

$24,000

400,000 tickets

$14,000

500,000 tickets

$4,000

540,000+ tickets

$0

This bonus is distributed proportionally among eligible backers at the end of the program.

What does this mean for you? Combined with your share of the 12.5% backer edge from ticket sales, this program provides a floor of roughly 20% APY for the pool, rising to ~25% APY as ticket sales reach the 540,000 threshold. If ticket sales exceed 540,000, you earn more than the target from ticket sales alone.


Eligibility Requirements

To qualify for the Summer Backer Bonus, you must meet all of the following criteria:

  1. Be in the pool on June 25th — Your USDC must be active in the pool when the program begins. This means deposits must occur before the drawing on June 24th.

  2. Maintain your position through September 23rd — Your eligible shares must remain in the pool for the full 90-day duration

  3. Partial withdrawals — If you withdraw any of your eligible shares, those shares become permanently ineligible for the bonus (even if you re-deposit later)


How Your Bonus Is Calculated

Your share of the bonus pool is determined by a simple formula:

Key mechanics:

  • Snapshot on June 25th: We record the number of shares you hold at the start of the program. This becomes your "eligible shares" amount (equal to the USDC you contributed).

  • Withdrawals reduce eligibility: If you withdraw shares, those specific shares become ineligible — you cannot re-add them later.

  • Proportional distribution: Bonus tied to withdrawn shares is not distributed, ensuring only committed backers are rewarded.


Example Scenario

Let's say you have 100,000 USDC in the pool on June 25th:

  1. Your 100,000 shares are recorded as eligible

  2. Over 90 days, 300,000 total tickets are sold across all drawings

  3. The bonus pool is $54,000 - (300,000 × $0.10) = $24,000

  4. The total initial eligible shares across all backers is 1,100,000

  5. You keep all 100,000 shares in the pool through September 23rd

Your bonus: $24,000 × (100,000 / 1,100,000) = $2,182

Combined with your share of the $37,500 in backer edge from actual sales (300,000 × $0.125), your expected total earnings from the program would be approximately $5,591—representing roughly 23% APY on your position.


Important Disclosures


Program Timeline

Date
Event

June 24th 1700 UTC

Deposits must be made by this time

June 25th

Program begins — snapshot of eligible shares taken

June 25th – September 23rd

90-day program period

September 23rd

Program ends — bonus calculated and distributed to eligible backers


FAQ

I'm already in the pool. Do I need to do anything?

No. If you have funds in the pool on June 25th, you're automatically eligible for the Summer Backer Bonus. Just keep your funds in the pool through September 23rd — no sign-up or additional action required.

Can I add more funds after June 25th?

Yes, but only shares held on June 25th are eligible for the bonus. Additional deposits after the start date earn standard backer returns but do not qualify for the bonus program.

How is this different from the Early Backer Bonus?

The Early Backer Bonus calculated the bonus pool on a per-drawing basis. The Summer Backer Bonus uses an aggregate calculation across the entire 90-day period, targeting a specific APY for the pool as a whole.


Ready to Participate?

Join the backers who are earning guaranteed bonus incentives this summer.

Last updated