How to Manage a Mecenas Pool
HOW TO MANAGE THE POOL
Using the link provided by the builder you can go to the pool dashboard.
Make a Deposit and Donation
Your community will be able to make a deposit or donation. If they make a deposit they will be able to withdraw the principal at any time. If they make a donation, the principal will belong to the owner of the pool who will be the only who can withdraw it.
Fill the amount of the underlying token you want to deposit or donate. Click Deposit or Donate. If it is the first time, your wallet will be prompted to Approve the spend of your underlying token on behalf the pool. Click Confirm in your wallet to approve. After approval you will be able to click again Deposit or Donate to confirm the transaction. If you already have made prior deposits or donations, the wallet will be prompted to confirm the transaction without the step of approving. Confirm the transaction in your wallet and wait the confirmation of the network. You will see the balance of your deposit or donation and the principal is already in the lending protocol generating yield. The first deposit in the pool that matches the criteria of the minimum amount to participate in the lottery will initialize the countdown to draw the jackpot. Deposits will be suspended while the lottery is being drawn.
Withdraw Principal Deposits
Your community will be able to withdraw their deposits at any time (not donations). Fill the amount of the underlying token you want to withdraw. Click Withdraw. Your wallet will be prompted to confirm the transaction. Confirm the transaction in your wallet and wait the confirmation of the network. You will see the new balance of your deposits. The principal withdrawn is no more generating yield. If the balance of deposits of the collaborator is less than the amount required to participate in the jackpot, will be removed from the eligible players to participate in the lottery. Withdraws will be suspended while the lottery is being drawn.
Pool Information
Click the Info Tab to see all the information regarding the pool.
Withdraw Interests, Reserves and Donations
The owner of the pool is the only one authorized to withdraw Interests, Reserves and Donations. Click the Owner tab. Fill the amount of the underlying token you want to withdraw. Click the withdraw button that corresponds to the item. Your wallet will be prompted to confirm the transaction. Confirm the transaction in your wallet and wait the confirmation of the network. You will see the new balance of your yield and the yield already collected. The yield withdrawn is no more generating yield.
Draw the Jackpot
When the countdown is over, you will see the green button Spin the Wheel. Anyone can execute the spinning by clicking the button. Click the button. Your wallet will be prompted to confirm the transaction. Confirm the transaction in your wallet and wait the confirmation of the network. The protocol will settle the amount of the jackpot to be awarded and will seed with the block number and a nonce to be drawn with the future blockhash. After spinning, deposits and withdraws will be suspended to avoid manipulation of lottery results. The Pick a Winner button will turn green. In order to award the prize to a participant, anyone can click the Pick a Winner button. After clicking, your wallet will be prompted to confirm the transaction. Confirm the transaction in your wallet and wait the confirmation of the network. The protocol will select a lucky winner that matches with the pseudorandom number generated and transfer the underlying token. After the awarding, the countdown will be initialized for the next drawn and deposits and withdraws will be enabled. The amount of the prize awarded will not generate any more yield.
Last modified 24d ago
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