FAQ
Can I lose my deposit?
No. Your principal is tracked separately from the prize pool and is always returned, regardless of whether you win. The worst outcome is that you save money and earn nothing extra that round.
How is the prize funded?
The prize is the staking yield generated by deposits while they sit in the vault. It comes from Monad’s proof-of-stake reward, paid out via shMON. Nobody loses money to fund the prize — the staking layer pays for it. A round’s prize can also be topped up by sponsors, whose contributions earn yield alongside the round.
What is the probability of winning?
Your tickets divided by total tickets in the round. 50 out of 500 is 10%. There are no bonus tiers or multipliers.
How long until I can withdraw?
Once a round settles, your principal is available immediately as shMON. There is no waiting period inside EverDraw.
The ~1-day timer you may have heard about applies only if you choose to convert your shMON back to raw MON outside EverDraw. shMON is Monad’s liquid staking token, and converting it to MON goes through Monad’s epoch-based unstaking queue, which takes around 18–22 hours.
What if no one buys tickets in a round?
No draw runs, no funds are at risk, and the next round opens. Any sponsor contributions to that round are refundable.
What happens to unclaimed prizes?
They sit in the contract until the winner claims. There is no expiry and no rollforward. The same applies to unwithdrawn principal. Take your time.
Is the draw fair?
Yes, and verifiable on-chain. EverDraw uses Pyth Entropy: an external provider commits to a hashed random value before the request is made, and the contract supplies its own seed. The two are combined so neither party can bias the result, and the winner is reproducible by anyone from the on-chain random value and the round’s ticket count. See Winner Selection.
Can a vault pay more than one winner?
Yes. A vault is configured to pay either a single winner or several winning positions that split the prize by a fixed allocation (for example, a larger first prize and smaller runner-up prizes). Your odds for each position are still your tickets divided by total tickets.
Why are there multiple vaults?
So you don’t have to wait long for an open deposit window. EverDraw runs more than one vault on staggered schedules, so across the protocol there is regularly a round open for deposits and a draw approaching.
Can I move my deposit between vaults mid-round?
No. Once you buy a ticket in a vault, your principal stays there until the round settles. After settlement you can withdraw and re-enter any vault on its next open.
Is EverDraw audited?
EverDraw has been through internal security review (manual methodology plus static analysis), with no high- or medium-severity issues at high confidence. A formal external audit is planned. See the Security page for current status and the audit reports.
Can I buy tickets without the EverDraw UI?
Yes. The contracts are verified on the Monad explorer and every write function is public. You can call the vault’s deposit function directly with any wallet or library that speaks the ABI. The current contract addresses live in the canonical deployment manifest linked from the Security page.
Does shMonad’s points program apply to EverDraw deposits?
Yes. EverDraw exposes a Merkl-readable position surface, so shMonad’s points indexer tracks your active EverDraw principal automatically. You earn shMonad points alongside any EverDraw-native rewards.
Is there an EverDraw token?
Nothing has been announced.
Why Monad?
EverDraw’s yield source is shMON, which exists because Monad has native staking. The protocol’s alignment with Monad’s staking is structural, not cosmetic — EverDraw could not exist in its current form on any other chain.