CLASH Tokenomics: Fair Launch, Loss Mining, and Staking for USDG

Minted only to losing bets

Supply starts at zero. Each losing bet mints CLASH to the loser: 100 CLASH per $1 lost, calculated per loss — wins never offset it. Only the vault contract can mint, and only when it books a loss.

Once the house LP’s gross House Funds first pass $2M, the rate decays: 100 · S² ÷ (S + H)² CLASH per $1, where S = $120M and H is the one-way high-water mark of gross House Funds above $2M. Early losses mint the most; emission slows as the house grows.

Where the fee goes

Every win pays 2% of its profit, deducted from the winner. Every loss pays 2% of the stake, carved from the house LP’s gain rather than added to the loss. Each fee splits 50% to CLASH stakers and 50% to the treasury — so the team earns exactly 1¢ per $1 of losses or winning profit, and nothing from deposits or emissions.

Fees are only paid while no winner is queued. While tickets are outstanding, a loss goes entirely to queued winners and then the LP, and a queued win still nets 98% of its profit — its fee just isn’t paid out.

There is a second stream too: a staged share of the house’s net gains — 50% once the house has earned $500k, 75% from $3M, and 100% past $5M — paid as bets settle.

Staking: USDG yield, no lockup

Stake CLASH and you own a pro-rata share of every fee, paid in USDG the moment bets settle: no drip, no waiting. A stake can’t be withdrawn in the block it was made, so flash-loaned CLASH can never take a share. Rewards that arrive while nobody is staked go back to the house LP.

• Stake: approve and deposit CLASH, start earning immediately
• Claim: pull your accrued USDG any time
• Unstake: get your CLASH back whenever you like
• Exit: unstake everything and claim in one transaction

Non-transferable at launch, then unlocked automatically

At launch CLASH can only move between your wallet and the staking contract — no sends, no trading.

Transfers open automatically 14 days after the house’s gross equity first reaches $5M. Gross equity is LP equity plus cumulative equity allocated to stakers, and donations to the house count toward it; the $5M is an accounting milestone, not cash held or revenue. The vault records that moment on-chain once, a later drawdown doesn’t undo it, and no one can push it back — the team can only open transfers earlier, never later. The contracts are upgradeable with 24 hours’ public notice, so the rule could change through a scheduled upgrade.

Unlocking only permits transfers: it doesn’t create a trading venue, a market price or guaranteed liquidity.