Every buy and sell of HEDGE pays a small fee. The fees are collected in rounds.
Every round is put into one bet: the S&P 500 goes down, at 100x. If stocks fall, the bet pays many times over. If they rise about one percent, that round is gone.
Every bet is on the board below the moment it opens, with its live profit or loss. Nothing is hidden.
The bets are placed on Ostium, on-chain on Arbitrum, the highest leverage on the S&P 500 you can get without an account. The tower above is the stock market right now.
| Bet | Placed | Fees in | Index at entry | Index now | Bet is gone at | Profit now | Status | Running for |
|---|
Index price from Ostium's public S&P 500 feed. Profit is before fees. "Bet is gone at" is the index level where the round's money is used up: at 100x that is about 0.9 % above the entry.