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SuperNova (Lottery)

Feeling lucky? ... Why not try your hand at SuperNova which takes place every 8 hours. Simply sacrifice bYSL for BSHARE and you'll stand a chance of winning big!

Sacrifice bYSL -> Obtain a position in BSHARE AceVault --> Enter SuperNova for that epoch

The participant that sacrifices the most bYSL during an epoch scores big time, receiving a jackpot prize that includes 90% of the total bYSL that was sacrificed during the epoch as well as a whole basket of YSL, xYSL and BSHARE.
In addition to the jackpot winner, there will also be a runner-up winner selected at random from all participants that sacrificed bYSL during the epoch (excluding the jackpot winner). This means everyone will have a chance to win the runner-up prize, regardless of how much bYSL they sacrifice during an epoch.
But remember, with our Ticket Multiplier Mechanism in place, the earlier you enter, the more entries into the runner-up prize pot you'll have, and the greater your chances of being selected as a runner-up - so be sure to sacrifice early!

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Prize Basket for each SuperNova

  1. 1.
    ​bYSL -> Sacrificed over the last 8 hours to participate in the SuperNova.
  2. 2.
    ​YSL -> Acquired from MetaVault rehypothecation process for that epoch.
  3. 3.
    ​xYSL -> Acquired from MetaVault rehypothecation process for that epoch.
  4. 4.
    ​BSHARE -> Minted at the end of the epoch based on the total value of the previous epoch prize.

SuperNova is powered by Chainlink VRF​

  • Chainlink VRF is a tamper-proof, fair, and transparent random number generator that is ideal for use in games and applications that require randomness.
  • That's why we've set up SuperNova using Chainlink VRF to ensure each runner-up winner will always be selected at random - ensuring a fair selection process for all and making it purely a game of chance!

How do I participate?

Step 1: Sacrifice bYSL for BSHARE

  • The SuperNova has been integrated as a component of the BSHARE AceVault.
  • To participate in a SuperNova, you will need to sacrifice bYSL for BSHARE via the BSHARE AceVault before the epoch ends.
  • Upon doing so, there will be a 10% deposit fee applicable, whereby 10% of the BSHARE that is minted as adequation will be used to increase the Perpetual Ratio of the BSHARE vault. As a result, you will obtain a position in the BSHARE vault with the remaining 90% of minted BSHARE.

Step 2: Entered into SuperNova

  • The bYSL that you have sacrificed will represent your entry into the SuperNova prize draw.
  • Jackpot Prize -> If you have sacrificed the most bYSL when the epoch ends, you will win the jackpot prize.
  • Runner-Up Prize -> If you have not sacrificed the most bYSL when the epoch ends, you stand a chance to win the runner-up prize.
Exclusion criteria: the protocol will disqualify and exclude any participant that makes a withdrawal of BSHARE during the epoch.

What are the prizes?

At the end of each epoch, there will be two winners. The Jackpot winner will be the participant that sacrificed the most bYSL in the last epoch.
The second winner will be randomly selected via Chainlink VRF from all participants that sacrificed bYSL during the epoch (excluding the jackpot winner), so even if you don't sacrifice the most, you still have a chance to win big!
  • Once the jackpot winner has been selected, the protocol will immediately deduct BSHARES from the winner which is burnt to increase the Perpetual Ratio for the BSHARE AceVault. The amount of BSHARES that is deducted will be either 10% of the jackpot prize (dollar value excludes bYSL sacrificed by the jackpot winner) OR total BSHARES (dollar value) the user received from sacrificing bYSL over the last 8 hours, whichever is the greatest.
  • If there are multiple contenders for the jackpot prize, i.e. there are two or more participants that sacrificed an equal amount, each being the highest amount sacrificed during the epoch, the jackpot prize will be awarded to the participant that sacrificed bYSL earliest.
  • The value of bYSL that forms part of the prize basket of each SuperNova will be dependent on the amount of bYSL that was sacrificed for BSHARE during that epoch.
  • The value of YSL and xYSL that forms part of the prize basket of each SuperNova will be dependent on the amount of tokens that were acquired from that epochs Quantum Buy-Back.
  • The value of BSHARE that is minted for each SuperNova will either be equivalent to $1000 or 50% of the previous epochs total prize (dollar value), whichever is greater.
    • For example, if the total prize (dollar value) for the last epoch was $1,000, 50% of $1,000 will be $500, this is less than $1,000. Therefore the protocol will mint BSHARE (according to the current price) equivalent to $1,000. So if the price of BSHARE is currently $2.00, the protocol will mint 500 BSHARE.
  • All prizes will be held on a dedicated temporary holding contract until the winners claim their prize.

1️⃣ Jackpot Prize -> Participant that sacrificed the most bYSL

  1. 1.
    ​bYSL -> 90% of bYSL that has been sacrificed over the last 8 hours.
  2. 2.
    ​BSHARE -> 50% of BSHARE that was minted as a prize at the end of the epoch.
  3. 3.
    ​YSL -> 50% of YSL acquired from MetaVault rehypothecation process for that epoch.
  4. 4.
    ​xYSL -> 50% of xYSL acquired from MetaVault rehypothecation process for that epoch.
Please note: When the protocol selects the winner for the jackpot prize, the protocol will collect and burn BSHARES from the winner. This will be the greater of:
  1. 1.
    Jackpot Prize (dollar value) = YSL, xYSL and BSHARE tokens + (90% of bYSL sacrificed during epoch - bYSL sacrificed by Jackpot Winner during epoch)
  2. 2.
    Total BSHARES (dollar value) the winner received by sacrificing bYSL during the epoch.

2️⃣ Runner-up Prize -> Random participant of SuperNova

  1. 1.
    ​BSHARE -> 50% of the BSHARE that was minted as a prize at the end of the epoch.
  2. 2.
    ​YSL -> 50% of the YSL acquired from the MetaVault rehypothecation process for that epoch.
  3. 3.
    ​xYSL -> 50% of the xYSL acquired from the MetaVault rehypothecation process for that epoch.

Ticket Multiplier - Applies to Runner-Up Prize

  • Looking to increase your chances of winning the runner-up prize? Then you'll want to take advantage of our ticket multiplier mechanism.
  • Our ticket multiplier mechanism means that the earlier you participate in each epoch, the more entries you'll get for the runner-up prize draw. This not only incentivizes users to participate early but also prevents front-running of the prize draw by last-minute entries.
  • Here's how it works: each epoch lasts a total of 480 minutes (8 hours), and for each minute there will be an applicable Ticket Multiplier. This multiplier will be at its highest on Minute 1 of each epoch - 480x. Every minute thereafter it will decrease by one. This means on Minute 2 of the epoch the multiplier will be 479x. This will continue to power down all the way to the final minute of the epoch, which will have a multiplier of 1x.
  • Put simply, each minute you wait will result in fewer entries. So if you want to maximize your chances of winning, make sure you sacrifice early. Don't let yourself be a victim of procrastination - get in early and give yourself a better chance of winning.
👉 Example: Ticket Multiplier

What happens if no bYSL is sacrificed?

  • In the event that there has been no bYSL sacrificed during the epoch, the SuperNova will not go ahead. This means there will be no Jackpot or Runner-up winner selected, and all current prizes (YSL, xYSL and BSHARE) will be added to the next prize draw. This rollover mechanism guarantees that the prize pool will continue to grow until bYSL has been sacrificed and both a Jackpot winner and a Runner-up winner have been selected.

SuperNova benefits the BSHARE AceVault

1️⃣ Perpetual Ratio increases when users sacrifice bYSL to participate in the SuperNova

  • To participate in a SuperNova, users will need to sacrifice bYSL for BSHARE. Upon doing so, there will be a 10% deposit fee, whereby 10% of the BSHARE that is minted as adequation for the user will be used to increase the Perpetual Ratio of the BSHARE vault.
  • As a result, each sacrifice of bYSL during an epoch will be increasing the Perpetual Ratio of the BSHARE AceVault.

2️⃣ Perpetual Ratio increases when BSHARES of the Jackpot Winner is burnt (every 8 hours)

  • Once a jackpot winner has been selected, the protocol will immediately deduct and burn BSHARES from the jackpot winner - increasing the Perpetual Ratio for the BSHARE AceVault.
  • The amount of BSHARES that is deducted will be either 10% of the total prize (dollar value) OR the dollar value of the BSHARES the user received from sacrificing bYSL over the last 8 hours, whichever is greatest.
  • By burning the BSHARES of the jackpot winner, the protocol is effectively reducing its supply in comparison to BSHARE, causing the Perpetual Ratio of the BSHARE AceVault to increase.