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.
Minimum deposit: 0.1 stETH
Flexible amounts accepted (e.g., 0.11234 stETH is valid)
PST your participation and enable withdrawals
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.
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.
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
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.
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.
Ethenix operates as a fully non-custodial protocol - only you control your funds, always.
Last updated
