Glow Lotto Parameters
There are several Glow Lotto parameters that can be modified by the Governance. The polls voting over these parameters will be activated after the first 6 months of Glow, following our progressive decentralization roadmap.
Split Factordetermines what percentage of the yield generated by a user's deposit accrues to the lottery pot and what percentage is used as direct yield for the user.
Genesis value is 0.75, meaning 75% of the yield goes to the lottery.
Reserve Factordetermines the commission fee that the protocol takes out of the distributed prizes in the lottery.
Genesis value is 0.05, meaning that 5% of each prize will be redirected to the Glow reserve and the re-distributed pro-rata among GLOW stakers.
The Glow Lottery has several measures to ensure its fairness[link]. One of these measures is the Instant Withdrawal Fee. When a user wants to withdraw its deposits, they normally need to wait for the
Unbonding Period, which is normally the same as one
If the user has unexpected urgency in redeeming its deposits, Glow offers an alternative, incurring the
Instant Withdrawal Fee. The Genesis value is 0.1, meaning that a 10% commission will be applied to instant withdrawals. It should be noted that this value should be relevant, to ensure safety and fairness against a whale that could try to game the protocol.
As mentioned above, standard withdrawals must take into account the
Unbonding Periodtime. This is a sensitive parameter, and should always be equal to or larger than the
In Glow, each time you make a deposit over a certain threshold you get free, recurring tickets for the Weekly Lottery. The amount of tickets a user receives given the deposit amount is determined by the
The genesis value of
Ticket Prizeis 10 UST, meaning that each 10 UST worth of deposit a user would get a lottery ticket. As an example, a deposit of 72 UST would reward the depositor with 7 tickets.
The Glow Lottery is executed periodically and this interval can be modified by the community. The standard
Lottery Intervalis set to one week. As a principle, this parameter should be only modified if there are strong reasons to.
The Weekly Lottery winning number is composed of 5 digits. The
Prize Distributionis an array of 5 elements, that maps the number of number hits and the prize percentage to be split.
An example would be [50,30,15,5,0,0]. Hence, all the players that have a ticket with 4 numbers in the same position as the winning ticket would split 30% of the total available pot.
Prize Distributionelements must add up to 100.
Modify Round Delta
The round delta determines the number of rounds after which the next randomness will be queried to run the lottery. This is a sensitive parameter and should only be changed in special situations.
Modify Block Time
The block time determines the number of blocks where the lottery will be blocked while being executed. This is a sensitive parameter and should only be changed in special situations.