Gluwa launches The Lottery Account, a revolutionary product that allows crypto users to benefit from a shared liquidity pool. Gluwa is a decentralised open finance (OpenFi) platform and a cryptocurrency-first microtransaction start-up. It provides trustworthy financial services to formerly unbanked populations.
Gluwa platform launches The Lottery Account for sUSDC-G holders
According to Gluwa’s official release, its second investment product, The Lottery Account, will be online today, May 3, 2022. This is a lottery-style stablecoin profile that operates with dollar-pegged sUSDC-G. Each stablecoin user can submit coins within a certain time frame to be considered for the everyday prize draw per 24 hours.
The protocol is the first to introduce the “gamified prize savings” concept. Here every crypto owner may benefit from their holdings. Users can keep the money when not chosen by the algorithm and can redeem the money anytime.
Brendan O’Toole, Gluwa’s head of product, is excited about the new platform’s game-changing innovation and the advantages it offers over the majority of DeFi competitors. Initially, the collective volume of the liquidity pool will be determined at $1 million, with the highest deposit at $50,000 per player.
Gluwa platform to set additional fund
The Gluwa team decided to infuse additional liquidity to mark the debut of this one-of-a-kind liquidity mechanism. Apart from participant donations, the Gluwa platform will contribute an additional $250,000 to the pool. Additionally, the winner will get an additional 3,000 CTC bonus reward.
