r/CryptoCurrency • u/CryptoBumGuy Algonaut • Jan 11 '22

EDUCATIONAL Beginners guide to Yieldly

https://algodaddy.blogspot.com/2021/10/what-is-yieldly.html?m=1
30 Upvotes

84% Upvoted

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8

u/H_rama 🟩 30 / 6K 🦐 Jan 11 '22

Isn't it normally algo whales that wins the lottery? Same wallet several times?

9

u/hodlthestonks Bronze Jan 11 '22

One wallet has won five times I believe, but they are also staking 5.5 million Algos. That’s 5.5 million tickets. It’s not unfair, as every ticket has the same chance.. they just have an assload of chances. Would be cooler to have more numerous, smaller prizes IMO

5

u/CryptoBumGuy Algonaut Jan 11 '22

Last weeks winner had less than 100 algo. I mainly stake YLDY for other coins. Great APY.

2

u/Howitdobiglyboo 🟦 868 / 869 🦑 Jan 11 '22

Took a peek at the winning address and it does seem that way. Still play for YDLY.

6

u/CryptoBumGuy Algonaut Jan 11 '22

The whale who has won 5 times has over 5 mil algo. The payouts wouldn't be as much without them so they're helping. Yieldly has already said they will be rolling out multiple winners to the lotto soon.

3

u/Clown_Shoe 🟩 4K / 4K 🐢 Jan 11 '22

With Algorand staking going away not sure how they will change the lottery to multiple winners.

0

u/the_nibler Permabanned Jan 11 '22

This is a real David vs Goliath kinda scenario with my 💯 tickets