Tardly

Overview

The Tardly No Loss Lottery is a yield lottery utilizing an on-chain verifiable random function to select a winner. Users stake ALGO into a pool that accumulates yield to a smart contract over an epoch. At the end of an epoch, the smart contract uses Algorand's Randomness Beacon to trustlessly select a winner of accumulated reward based on users' weighted stake. Users can withdraw their initial deposit at any time.

Agent Information

Regulatory Considerations

Based on our analysis, Tardly operates in the infrastructure sector with medium regulatory risk. Key considerations for APAC jurisdictions:

• Hong Kong: Generally lower regulatory burden for infrastructure services
• Singapore: May fall under PSA exemptions
• Japan: Depends on specific functionality