The pot fills
The day's deposit interest and the day's $PAR trading fees are swept into the jackpot pool. Nothing is paid out. Your balance does not move.
A day's interest on a small pool is a couple of dollars, which is not a prize. Thirty days of it is. So the pot waits — earning the whole time — and a roll decides when it goes.
The day's deposit interest and the day's $PAR trading fees are swept into the jackpot pool. Nothing is paid out. Your balance does not move.
The waiting pot sits in the same lending market your deposits do. A pot that takes six weeks to fire is a few percent bigger when it does.
Chainlink VRF draws a number. About one day in thirty it comes up. The other twenty-nine, the pot rolls on and the counter ticks up.
The whole pot converts into the announced stock and splits 60 / 20 / 10 / 5 / 5, weighted by what you had in. Nobody can win twice.
There is a hard guarantee underneath the randomness: if the roll has not come up in sixty days, it fires anyway. A run of bad luck should not be able to hold everyone's prize hostage, and "trust us, it'll hit eventually" is not a mechanism.
Real arithmetic at a 7%-a-year lending rate, with token fees at steady-state volume rather than launch-week volume. Move the sliders and watch the good news and the bad news move together.
Most of the pot is not your interest. It is fees from people trading $PAR, which is real money and also the most fragile input here — it tracks token volume, not how well the savings product works.
When the last line beats the one above it, you are being paid more than your own interest — because the token's traders are funding the difference. That is a real transfer and it is also the thing that stops if the token goes quiet.
Typical jackpot at a 1-in-30 daily roll. Read across for deposits, down for token size — and notice which direction moves the number more.
| $PAR market cap | $20k saved | $50k saved | $250k saved | At $50k, in shares |
|---|---|---|---|---|
| $100,000 | $464 | $619 | $1,655 | 3.4 shares |
| $250,000 | $1,004 | $1,159 | $2,195 | 6.4 shares |
| $500,000 | $1,904 | $2,059 | $3,095 | 11.4 shares |
| $1,000,000 | $3,704 | $3,859 | $4,895 | 21.4 shares |
Read the columns against the rows. Moving from $20k to $250k of deposits — twelve times the savings — raises the prize by about 60%. Moving the token from $100k to $1m multiplies it by six. Deposit interest contributes the same $259 a month at $50k saved no matter what the token does; everything above that line is trading volume.
Two inflows feed the pot and neither of them is your deposit. The thick line is yours, and it only ever comes back to you.
Not by inflating, and not by taxing your wallet. The protocol owns its own liquidity, and the fees that liquidity earns go into the pot.
Par owns half its own $PAR pool. Every swap through it pays a fee, and 80% of that fee goes straight to the jackpot. No transfer tax — those break bridges and aggregators, and they tax holders rather than speculators.
In a thin stretch the backstop pool tops the prize up to a published floor from its own capital. Backstoppers take real first-loss risk, capped at 20% of the pool in any one epoch.
Backstoppers earn a slice of interest, a slice of trading fees, and $PAR emissions on top. Modelling puts that at roughly +22% to +27% over two years at a $500-a-week floor — and negative if the product never grows.
Staked $PAR earns a share of both revenue streams, in dollars, the day it is earned. No lock, no cliff, no emissions dressed up as revenue.
Most of the prize is not interest. At a $500k token and $50k of deposits, about seven eighths of the pot comes from people trading $PAR. That is real money, and it is also volume-dependent: a quiet month for the token is a quiet month for savers who never touched it. Treat the big numbers as an accelerant with a burn time, not a yield.
A jackpot does not create money. It concentrates the same money into fewer, larger, less predictable events. The only genuine gain from waiting is the interest the pot earns while it sits, and that is small.
"You cannot lose money" has one asterisk. Your principal is never at stake in the draw. It is exposed to the lending market it sits in: if that market takes bad debt, so do you. The vault detects a shortfall, stops, and hands back a pro-rata share rather than pretending.
This looks like a lottery to a regulator — and routing token trading revenue to depositors looks like something else again. Prize-linked savings has a different legal answer in every country, and adding a revenue share makes that question harder, not easier. It gets settled before a line of this ships.
It is not for Americans. Robinhood's stock tokens are unavailable to US users and restricted in Canada, the UK and Switzerland. That shapes who this is for, by construction.
No token sale, no allowlist, nothing to buy. The list exists so that the day deposits open you hear it from us rather than from a screenshot. One message when that happens, and one if it never does.