TL;DR We’re OttoDAO, building degen mechanisms to fund public goods. The first protocol we’re building is LottoPGF, which allows people to deploy a fully onchain lottery to fund a cause, public good or community in a fun way.

Navigate the doc (Table of contents)

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🐸 🐸 🐸 OttoDAO 🐸 🐸 🐸

Who TF is Otto?

Jin Chan: Feng Shui charm for prosperity
Hamp’atu: Andean secret animal representing fortune
Amphibian: land + water ⇒ degen + regen

→ Check out Otto in different art forms!

→ Otto Memes (drop yours here!)

His Mission

Make the internet self-sustainable and keep it cypherpunk.

His Vision

Permissionless, cryptographic primitives that make capital formation mechanisms for public goods funding more fun – starting with chance based games like lotteries.

First Product – LottoPGF

Problem / Opportunity:
- In 2021, European lotteries earned more than €100 Billion, out of which €20 Billion went to Public Goods. Almost 80% of that allocation had an unknown destination. Similarly, US Lotteries made more than $31 Billion in revenue, out of which only 35% goes to fund Public Good or causes, because operational costs and commissions grow to 15%.
- The Ethereum ecosystem has been trying to solve the public goods funding problem. However it’s been focused more on the resource allocation side of things (through Quadratic Funding, RetroPGF, Conviction Voting, etc…). Lotteries have historically been a great capital formation mechanism to fund public goods, and can fill the gap in the PGF equation.
- Lotteries make almost $400 Billion in Revenue every year, however they have high operational and compliance costs due to the intransparent nature of the tech they use.

Solution – A permissionless protocol to deploy transparent and unmanipulable lotteries for public goods funding on Ethereum.

The Endgame: An Ethereum World Lottery 🌎🐸🎰

🐸👇 read the product deck 👇 🐸

lotto-pgf-memo.pdf

Or read the LottoPGF chapter in Kevin Owocki’s Onchain Capital Allocation Handbook

📗📗📗 👉 https://allobook.gitcoin.co/src/pdf/onchain-capital-allocation-v2.pdf#page=79 👈 📗📗📗 (Chapter 9, Page 69+10)