Cardano Pool A no-loss lottery platform built on cardano

Project Overview

Cardano pool is a decentralized non-custodial and permissionless no-loss lottery platform built on the Cardano blockchain. A no-loss lottery is a savings account with a chance of winning a prize every week. Users deposit assets into the platform and those assets are lent by the platform to other users. The interest generated is distributed as prizes to lottery winners. Consequently, users do not lose their initial investment.

Token Utility

The platform will have 2 native tokens, CDPL and xCDPL.

CDPL

When a user deposits ADA tokens to the platform, the user gets CDPL tokens corresponding to the amount of tokens deposited. More deposits means more CDPL tokens and more chances of winning prizes. The token CDPL can be staked on the platform itself and upon locking, users will get xCDPL tokens.

xCDPL

xCDPL token can be used for governance on the platform to vote on parameters such as number of winners, frequency of winners selection.

Development Roadmap

Q3 2021

  • Build the MVP contracts to support deposit, withdraw, claim rewards and yield source integration.
  • Front-end for users to interact with the platform.

Q4 2021

  • Release to mainnet.
  • Release the xCDPL token and CDPL staking on the platform.
  • xCDPL governance support. Users can vote on the number of winners, frequency of rewards.

Q1 2022

  • Add more yield sources such as lending platforms, DEXs.
  • Improvements in the front-end to adapt to the changes.

Q2 2022

  • Add deposit for tokens such as native tokens of DEXs built on top of Cardano.
  • Add stable coin deposit support.