胴元 · The house
The house
One house stands behind every bout. Each figure on this page is a direct read of a named view on the vault contract. Nothing is computed off-chain, and you can check any of them on the explorer yourself.
0x2b2C…57edverify on explorer ↗
Coverage ratio
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Total assets ÷ reserved liability. Above 1× the house covers the worst case of every open bout at once. ∞ while no bout is open.
coverageRatio()verify ↗
How the house stands
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Reading the chain…
Drawn from the four reads below: reserved + free = total assets, and the floor is the locked slice of free liquidity.
Total assets
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Seeder capital plus accrued fees. Trader collateral is held by each bout, never here.
totalAssets()verify ↗Reserved liability
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Committed to open bouts: each one reserves its own bounded max loss, b·ln2, at creation.
reservedLiability()verify ↗Reserve floor
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The buffer for correlated resolutions. No withdrawal may cut into it.
reserveFloor()verify ↗Free liquidity
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Total assets minus what is reserved: what can still back a new bout.
freeLiquidity()verify ↗Your stake in the house
Connect a wallet to take the house side.
Seeders are the counterparty to every bout, and they are paid the trading fees for it. The house can never lose more than b·ln2 on a bout, and that worst case is reserved from free liquidity the moment the bout is created, which is what Reserved liability above adds up.
Take the house side
Connect a wallet to seed the house.
Seeding calls deposit(assets) and mints you shares of the house.