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

Security and Decentralization

Decentralized Settlement: The lottery is fully decentralized, allowing any user to settle the lottery if the automated bot fails.

Immutable Entry: loserUSDC tokens are non-transferable and can only be used once, preventing reuse and ensuring fairness in the Second Chance Lottery.

Transparent Operations: All operations, including token burning, winner selection, and rewards distribution, are executed on-chain and can be independently verified.

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Last updated 6 months ago