Protocol Overview

EverDraw operates on a simple loop: collect deposits, stake them to generate yield, pool the yield, draw one winner, return principal to everyone.

The core loop

Users deposit MON
 ↓
MON staked via ShMON → generates yield
 ↓
Yield accumulates as the prize pool
 ↓
Sales window closes → draw is executed
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One winner takes the entire yield pool
Everyone else gets their full principal back
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New round opens immediately

The no-loss guarantee

Your principal is never at risk. When you deposit MON, it is staked via ShMON and held in the protocol. When the round ends — whether you win or not — your exact deposit is returned to you. The prize pool is funded entirely by staking yield, not by other players’ deposits.

This isn’t a marketing claim. It’s enforced at the contract level. The smart contract tracks each user’s principal separately from the yield pool and returns it on demand once the round settles.

Round progression

Each round has a defined sales window during which tickets can be purchased. Once the window closes, no new tickets are accepted for that round, and the draw process begins. A new round opens simultaneously, so there is always an active vault accepting deposits.

The entire round lifecycle advances through a single public function: executeNext(). This function checks the current state of the contract and executes whatever action is due — commit, draw, settle, or skip. Anyone can call it. The keeper bot automates this for convenience and reliability, but it is not a privileged operator. If the keeper goes offline, any wallet can call executeNext() and the round progresses normally. There is no dependency on a single operator.

Full round lifecycle →

Ticket pricing and probability

Tickets are priced at 1 MON each. Your probability of winning is proportional to your ticket count relative to the total tickets in the round. Buying 100 tickets out of 1,000 total gives you a 10% chance of winning the entire prize pool.

This is a linear, fair probability system. There are no premium tiers, no boosted odds, and no house edge on ticket sales. 100% of yield goes to the winner.