Announcing the Open Sourcing of the Cardano SPO Lottery Helper Backend

Announcing the Open Sourcing of the Cardano SPO Lottery Helper Backend

Introduction

We are excited to announce that the backend of the Cardano SPO Lottery Helper is now open source! This powerful tool is designed to assist stake pool operators in conducting fair lottery draws among their active delegators. By leveraging criteria such as the number of active epochs delegated and the delegator’s stake amount, this tool enables stake pool operators to reward their delegators based on their loyalty and stake. In addition to the regular staking rewards offered by the Cardano network, this lottery helper adds an extra layer of engagement and rewards for delegators.

With the backend now available as open source, SPOs can explore, contribute, and customize the lottery helper to suit their needs.

Announcing the Open Source Backend

We are thrilled to make the backend of the Cardano SPO Lottery Helper open source! This release empowers stake pool operators with a powerful tool for conducting fair lottery draws among their delegators based on loyalty and stake.

https://github.com/jrlaforge/cardano-spo-lottery

Key Features

Fairness: Delegators' winning likelihood is determined by their loyalty (number of active epochs delegated) and stake amount. This ensures a fair and transparent selection process. Customization: SPOs have the option to create lotteries where each delegator has an equal winning likelihood, providing flexibility in reward distribution. Integration: The tool seamlessly integrates with Cardano’s ecosystem, making it easy to identify delegators' wallet addresses via their stake addresses.

Why Open Source?

By open sourcing the backend of the Cardano SPO Lottery Helper, we aim to foster collaboration, innovation, and community engagement. SPOs can now leverage the expertise and creativity of the Cardano community to enhance the tool’s functionality and explore new possibilities. We invite developers, SPOs, and Cardano enthusiasts to contribute, provide feedback, and help shape the future of this exciting project.

Getting Started

To get started with the Cardano SPO Lottery Helper, simply visit our GitHub repository https://github.com/jrlaforge/cardano-spo-lottery . You will find detailed documentation, instructions, and code samples to help you integrate and customize the tool for your stake pool.

Join the Community

We believe that the Cardano SPO Lottery Helper has the potential to revolutionize the way stake pool operators engage with their delegators. Join us on Twitter to share your experiences, ask questions, and collaborate on new ideas.

Conclusion

We are thrilled to announce the open sourcing of the backend for the Cardano SPO Lottery Helper. By providing stake pool operators with a fair and transparent method for rewarding their delegators based on loyalty and stake, we hope to foster a stronger sense of community and engagement within the Cardano ecosystem. Explore the open source backend today and unlock new possibilities for your stake pool!

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