Skip to content
Logo

How the pool works

WickPlay holds deposited USDG in LaunchLabStateCommitment. Every confirmed and ordered external deposit mints pool shares for the receiving account. There is no separate protocol-owned house capital and no fixed seed. The pool starts at zero.

Pool ownership

Shares represent depositor ownership of accounted escrow after exact liabilities:

share backing = accounted escrow
              - exact payout credit
              - pending protocol fees
              - accrued protocol fees
              - pending exit liabilities

Depositors share trading profit and loss through the share price. The protocol fee is the only intended value removed from depositor ownership. A direct USDG transfer to the contract does not mint shares or increase accounted risk capacity. Use the deposit flow.

Trading balance

Your Play balance combines:

  • exact payout credit from settled wins, pushes, and forced closes; and
  • the current redeemable value of your free shares.

A trade spends exact credit first. It then locks enough shares for any remainder. Settlement burns the trade's shares. A win creates exact payout credit, a loss creates none, and a push or forced close creates stake-minus-fee credit.

The share price can move when any account's trade settles. The 2.5% pool edge is expected value on decisive betting volume. It is not a guaranteed return on deposits or over a short period.

Ordered settlement

Deposits and withdrawals move USDG onchain. Trades and results use ordered offchain settlement.

  1. A deposit transaction moves USDG into escrow and queues a forced-inbox action.
  2. The settlement service consumes the deposit and mints shares.
  3. A valid trade returns a signed receipt and updates the ordered account and pool state.
  4. The service commits state and action-data roots onchain.

The oldest pending action normally commits after ten minutes. A withdrawal creates an immediate commitment because its state debit and token transfer are atomic.

Recovery boundary

The settlement signer authorizes finalized transitions. The contract does not prove every trade or result calculation. If the normal service is unavailable, an account can request a forced exit with its finalized account and system proofs. The claim includes exact credit and a conservative value for free shares. Locked shares remain until their positions settle.

See Withdrawals and the Trust model.