🤝Fee Distribution

A ~1% commission fee is charged on each bet and is distributed proportionally (based on how much each person had bet) to the people who had bet before. No rent is extracted by the protocol.

A ~1% commission LP fee is charged on each bet. This is paid on the number of Team Tokens you mint, not the amount you risk (e.g., for each 1.01 units bet you will receive 1 Team Token back.

The 1% commission you pay is distributed proportionally in the denomination of pool (USDT or Roots in futures markets) to the people who bet before you. You will earn a commission on the next bets regardless of which team is bet on.

You will have to pay a small gas fee to claim the commission you earned. The smart contract only allows you to claim commission when the event is finalized. This means you will not be able to claim commission until the event is over.

Commission Distribution Example

1st bet $100, pays no commission, and receives 100% of the commission from 2nd bet.

2nd bet $101, pays $1 commission, receives 50% commission from 3rd bet ($100 bet/$200 total).

3rd bet $1010, pays $10 commission, receives 83.33% commission from the 4th bet ($1k/$1.2k).

4th bets $1010, pays $10 commission, receives 45.5% commission from the 5th bet ($1k/$2.2k).

Where do Unclaimed Commission and Winnings Go?

There will be circumstances where the gas costs on the Ethereum network will make it so users are unincentivized to pay the gas fee to claim their earned commission (or potentially even winnings). In that case, the money left in the contract will be sent to a community-owned insurance fund at the sole and exclusive discretion of the Admin Role Multisig anytime 90 days or more after the event is settled. See Multisig.