Bond.Bet Docs

Frequently Asked Questions

Where does the money for the prize come from?

We currently run two lottery pools: Community Reward Pool and BB DAO Staking Pool.
The Community Reward Pool has been set up by the BarnBridge founders and the weekly prize in this pool is drawn from BOND Community Rewards.
The BarnBridge DAO Staking Pool collects the funds of depositors and stakes them in the BarnBridge DAO Staking contract. DAO generates the return that makes up the prizes.

What are the risks?

Bond.Bet is plugged into the PoolTogether protocol. PoolTogether is fully open source and has been independently audited by professional third party security companies. However, as with all early-stage products there are risks associated with using protocol.

Can I stake $BOND into the Bond.Bet and at the same time participate in the DAO?

No, you won't be able to vote if you put $BOND into the BB DAO Staking Pool.

Is there any difference if I deposit at the last minute?

When you deposit, you are instantly eligible to win. To maintain fairness, a time decay mechanism has been implemented where exiting the pool before 7 days have elapsed will result in a 10% early exit fee being charged. To avoid paying this fee, stay in the pool for at least 7 days.

Do I have to enter for each prize?

No! Once you have entered into the pool you will continue to be eligible for future prizes. You do not need to take any further action. You will be eligible until you withdraw the money you deposited.

How do I know if I won?

If you joined a Pool you can check if you’ve won by looking at “My account” page after a prize has been awarded. You do not need to withdraw your winnings. If you win, your winnings will automatically be converted to tickets which will increase your chances of winning again!