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 🐸 🐸 🐸

Building degen mechanisms to fund public goods

Who TF is Otto?

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

His Mission

Find him in different emotions here.

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 🌎🐸🎰

Watch our 3 minute pitch at MegaZu

https://youtu.be/18r0jpKCOaU

Listen to our Green Pill Podcast Episode with Kevin Owocki

https://youtu.be/hPdn6F1h2M4

🐸👇 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)

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Learn how LottoPGF v1 lotteries work for players and lottery organisers - and reach out if you want to join the Early Lotto Launchers Cohort!

How do LottoPGF v1 lotteries work?

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