FAQ

Frequently Asked Questions

Where are the rewards taken from?

Modulus Protocol develops its smart contracts compatible with different kinds of investment. As such, when depositing tokens to the protocol, the tokens would then be deposited to the predefined strategic partner to gain yields which would eventually be distributed to the winners each epoch. In the case of stETH, the token kept in the smart contract would be updated by itself every 24 hours. This is the reward model of Lido. You can find out more at https://lido.fi/faq

After depositing, would I have to do anything to participate in epoches?

No, you don't have to do anything! Our smart contracts are designed to automatically accumulate your tickets amount. As long as you have deposited and keep your tokens in Modulus Protocol, you would be automatically participated in all the epoches.

Can I withdraw from the pools during the epoch?

Yes, users can withdraw anytime you want and can be assured that they would still be eligible for the epoch's winner selection. To learn more about how their chances of winning are calculated, please visit https://docs.modu.finance/getting-started/winning-possibilities

How can I claim the rewards?

When an epoch is finished, Modulus Protocol would automatically update the winner on the draw history site. Beside, users would also be notified via social networks of the protocol (Discord, Twitter, Debank, etc.). If you find yourself a winner, you can come to the pool and move to the "Claim" tab to claim for the accumulated rewards. If you forget to claim the past rewards, don't worry! All the rewards would be accumulated and you would be able to claim it later.

Is there any limits on the size of deposit

In Modulus V1, there are no ceilings on how much you can deposit. However, to assure the fairness to all users and guarantee the appeal of the protocol, there is a minimum amount of how much a user can deposit(Please come to the pool you love to learn more about this)

Would I lose anything?

No, not at all! One of our Unique Selling Points is that "Get a chance of winning infinite APR without taking any further risks". So, depositing to Modulus Protocol is like when you holding the tokens in your wallet. You can deposit and withdraw any time you want. The difference is that you would get huge chances of winning huge rewards that you may not get in other protocols. Beside that, currently, Modulus Protocol is not charging any fees to interact with the protocol. To learn more about Modulus, please visit https://docs.modu.finance/overview/what-is-modulus-protocol

Can I win more than one reward per epoch?

Definitely!! You would have chances of winning more than just one reward. Each epoch, the winners would be chosen using Chainlink's VRF which would generate a totally transparent random numbers to determine the winners. To learn more abou this, please visit https://docs.modu.finance/getting-started/how-it-works