Liquidity provider program
Add liquidity to the house bankroll to earn a share of fees on winnings and house gambling profits
Earn a steady BetFi income, paid out automatically and trustlessly, by enabling players on Digitex to place bets on any outcome at any time.
All betting on Digitex Games is peer-to-peer, meaning that active Players of our games are always betting against other users who are acting as the House. Users who are acting as the House are called Liquidity Providers and they make it possible for Players to place any bets they like at any time and be guaranteed of finding a counterparty for their bet.
Players can bet on our games with ETH, USDC, USDT, ARB or DGTX tokens. Therefore, you can add liquidity denominated in any of those tokens into the house bankroll smart contract. Liquidity Providers do this for the following financial incentives:
- 1% of every ETH, USDC, USDT & ARB denominated winning bet is paid to the Liquidity Providers.
- All gambling losses by the Players in all token denominations are won by the Liquidity Providers.
- Liquidity Providers receive their proportional share of fees on winnings and gambling profits according to the level of liquidity they are providing to the house bankroll smart contract.
The house bankroll smart contract is fully non-custodial. When you deposit tokens into it you receive LP tokens that exactly represent your share of the pool. These LP tokens are ERC-20 tokens which can be paid back into the house bankroll smart contract at any time to claim back your proportional share of the pool. LP tokens are minted when you deposit liquidity and they are burned when you withdraw liquidity.
All LP tokens in existence always represent 100% of the house bankroll balance. As the balance of the house bankroll smart contract increases from the accumulation of fees on winnings and from gambling profits, so will the value of your LP tokens proportionately increase because they represent that balance.