The house LP

The house LP started at $0, takes no deposits, and fills only from player losses.

LP cash

—

USDG held by the house

House Funds

—

cash − unpaid tickets

Ticket queue

—

— repaid, unclaimed

Mint rate

—

CLASH per $1 lost

CLASH minted

—

supply —

Volume

—

all-time stakes

Fees paid

—

2% of win profit + 2% of losses

Paid to winners

—

profit, all-time

Milestones

Gross House Funds → $2M emission kneeunavailable

Stage 1: LP keeps 100% of house gains, stakers 0% · → $500kunavailable

Open exposure — / cap —unavailable

Open stake: —
Max profit per bet now: —
High-water mark (H): —
Swept to stakers: —
Staker rewards accrued: —

Live activity

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Fees

Total fees

—

all-time, paid out

To CLASH stakers

—

50% of every fee

To treasury

—

50% of every fee

2% of every winning profit, deducted from the winner — a $10 win at 2x returns $19.80. Payouts in the app are always shown net of it.
2% of every loss, carved out of the house's gain — never added to the loss. A $10 loss sends $9.80 to the LP and $0.20 to fees.
Only while no winner is queued. While tickets are outstanding, a loss goes entirely to queued winners (then the LP), and a queued win still nets 98% — its fee just isn't paid out.
The team earns exactly 1¢ per $1 of losses or winning profit (the treasury's half of the fee) — nothing from deposits and nothing from CLASH emissions.

How the house works

Starts at $0, fills from losses. Nobody deposits into the LP — it grows from player losses.
Winners always get their stake back instantly. Profit is paid from LP cash. If the LP can't cover it, the unpaid profit becomes a first-in-first-out ticket.
Losses repay tickets first. Every loss pays down the queue before anything else; tickets become claimable as the queue head passes them.
House Funds can be negative. House Funds = cash − unpaid tickets. A negative number just means the queue is longer than the cash on hand.

Fair-launch CLASH

Minted only to losing bets — 100 CLASH per $1 lost, no team or investor allocation. Supply started at zero.
The $2M knee. Once gross House Funds first pass $2M, the rate decays: 100 · S²/(S+H)² with S = $120M and H the high-water mark above $2M.
Fees to stakers. Stakers get 50% of every fee — 2% of winning profit and 2% of each loss — paid in USDG.
Staged split of house gains. The LP keeps 100% of what the house earns up to $500k, 50% up to $3M and 25% up to $5M; stakers get the rest, and everything past $5M. The LP tops out at $2.25M, and refills in full after a losing streak before stakers are paid again.

Stake CLASH →

Fees

Total fees

—

all-time, paid out

To CLASH stakers

—

50% of every fee

To treasury

—

50% of every fee

2% of every winning profit, deducted from the winner — a $10 win at 2x returns $19.80. Payouts in the app are always shown net of it.

2% of every loss, carved out of the house's gain — never added to the loss. A $10 loss sends $9.80 to the LP and $0.20 to fees.

Only while no winner is queued. While tickets are outstanding, a loss goes entirely to queued winners (then the LP), and a queued win still nets 98% — its fee just isn't paid out.

The team earns exactly 1¢ per $1 of losses or winning profit (the treasury's half of the fee) — nothing from deposits and nothing from CLASH emissions.

How the house works

Starts at $0, fills from losses. Nobody deposits into the LP — it grows from player losses.

Winners always get their stake back instantly. Profit is paid from LP cash. If the LP can't cover it, the unpaid profit becomes a first-in-first-out ticket.

Losses repay tickets first. Every loss pays down the queue before anything else; tickets become claimable as the queue head passes them.

House Funds can be negative. House Funds = cash − unpaid tickets. A negative number just means the queue is longer than the cash on hand.

Fair-launch CLASH

Minted only to losing bets — 100 CLASH per $1 lost, no team or investor allocation. Supply started at zero.

The $2M knee. Once gross House Funds first pass $2M, the rate decays: 100 · S²/(S+H)² with S = $120M and H the high-water mark above $2M.

Fees to stakers. Stakers get 50% of every fee — 2% of winning profit and 2% of each loss — paid in USDG.

Staged split of house gains. The LP keeps 100% of what the house earns up to $500k, 50% up to $3M and 25% up to $5M; stakers get the rest, and everything past $5M. The LP tops out at $2.25M, and refills in full after a losing streak before stakers are paid again.

Stake CLASH →