Beracana
  • Overview
    • About Beracana
    • Why Lend on Beracana
    • Why Borrow/Leverage on Beracana
    • CANA Token
    • How Beracana Works
      • Lending/Supplying
      • Borrowing/Leveraging
      • Strategy
      • Health Factor
      • Liquidation
  • Guide
    • Getting Started
    • Lending/Deposit Assets to Receive canaHONEY
    • Withdrawing Lent Assets
    • Opening a Position
    • Closing a Position
    • View Your Position
    • Rewards
    • Interest Rate Model / Utilization
    • Add/Remove Extra Collateral
    • Liquidated Positions
  • FAQs
    • Frequently Asked Questions
  • Double Chance Lotteries
    • Introduction
    • Overview
      • Primary Lottery Mechanics
      • Second Chance Lottery Mechanics
    • Security and Decentralization
    • Conclusion
  • Contract Addresses
    • Addresses
  • Tokenomics
    • Introduction
  • Twitter
  • Discord
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  1. Double Chance Lotteries

Introduction

Double Chance Lotteries is a decentralized lottery system designed to enhance user engagement by providing two opportunities to win. It operates on the Beracana protocol and introduces an innovative approach to lotteries by incorporating a secondary lottery system for those who do not win the primary draw. The primary lottery is conducted using USDC, while the secondary lottery, known as the Second Chance Lottery, allows participants to enter using special tokens called loserUSDC(lUSDC). Winners of the primary lottery are awarded USDC and the losers are minted lUSDC. Winners of the Second Chance Lottery are awarded NFTs or tokens from various projects within the Berachain ecosystem.

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Last updated 7 months ago