How it works

Step 1: Deposit stETH into Ethenix

Users deposit stETH tokens directly into the Ethenix smart contract. Upon deposit, the protocol automatically mints PST (Pool Share Token) in a 1:1 ratio, representing your share in the prize pool and eligibility for draws.

Deposit Details:

• Minimum deposit: 0.1 stETH

• Flexible amounts accepted (e.g., 0.11234 stETH is valid)

• PST your participation and enable withdrawals

Step 2: Automatic Yield Accumulation

Your deposited stETH continues earning Lido staking rewards at the current APR (~4-5%). The protocol's stETH balance grows daily through Lido's rebase mechanism, automatically accumulating the yield that will become prize money.

Step 3: Weekly Prize Distribution

Every 604,800 seconds (~1 week), Ethenix conducts a draw using Chainlink VRF for provably fair randomness. Winners are selected based on their ticket holdings and time-weighted participation. Your winning odds update dynamically based on your deposit size and duration.

Key Features:

• No manual re-entry required - you're automatically included in every draw

• Transparent, verifiable randomness via Chainlink VRF

• Fair distribution based on participation time and amount

Step 4: Automatic Reward Distribution

Winners automatically receive their prizes as additional PST (equivalent to stETH value). This increases your balance and improves your odds for future draws - no claiming required, everything happens automatically on-chain.

Step 5: Withdraw Anytime

Exit the protocol whenever you want. Ethenix burns your PST and returns stETH at a 1:1 ratio, ensuring you always maintain access to your principal deposit.

Complete Control:

Ethenix operates as a fully non-custodial protocol - only you control your funds, always.