Tokenized Risk Management for
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Bond.Bet Protocol
Bond.Bet is a protocol governed by the BarnBridge DAO. It was not funded by BarnBridge but by the founders with personal funds. Some of the contracts were created by PoolTogether and what is hosted on their platform is governed by PoolTogether. What we build into it longer term will be governed by the BarnBridge DAO. This is a fun project for the community.
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We have bigger & longer term plans for Bond.Bet including no-loss tokenized sports bets, BTC/ETH futures bets, & tokenized money lines, and even hedging the bet line itself. We can use what we are building as BarnBridge for 90% of that.
In short, the bets act as “proofs of risk” where you can tranche out your risk position in the bet & re-sell it in a secondary market for tokenized risk. This is where the concept stemmed for bigger & longer term plans “be your own bookie.” It takes it a step further though when you can bet on the bet line itself moving (as a hedge).
To start out, we have been working with Pool Together to integrate some of our offerings where the lowest hanging fruit. In starting, we wanted to create a no-loss $BOND lottery. Pool Together wanted to plug into BarnBridge for a fixed rate of no loss lotteries on our main platform. We realized you could put their lottery tickets into our Smart Alpha products to divvy out risk, longer term. This is what composability looks like.
When our DAO launches, and you have $BOND for $BOND staking on our DAO, we’ll integrate Pool Together’s contracts into our DAO for no-loss lottery via staking.
You can access our
Pool Together
integrations here:
Cases
No Loss Lottery
Creating a no loss pool where one random person earns the interest from the pool and everyone keeps their principal. Keep your funds in the pool, and you have a chance to win.
A fun way to think of this is an ETH savings account that you use to play a lottery but your principal is not a part of the lottery. Instead, the interest earned from your principal is what the winnings of the lottery are derived off of.
So imagine you are saving for a Trip and you use this as a savings account you could potentially get close to your saving for the trip or retirement with this pool over time by rolling over the funds.
Look for our upcoming Pools on PoolTogether.
Creating a no loss pool where one random person earns the interest from the pool and everyone keeps their principal. Keep your funds in the pool, and you have a chance to win. A fun way to think of this is an ETH savings account that you use to play a lottery but your principal is not a part of the lottery. Instead, the interest earned from your principal is what the winnings of the lottery are derived off of. So imagine you are saving for a Trip and you use this as a savings account you could potentially get close to your saving for the trip or retirement with this pool over time by rolling over the funds. Look for our upcoming Pools on PoolTogether.
No Loss Slots
This is a pool where people pay per roll and funds are locked but you get your principal back. The longer you stay in the pool the more spins you get. Funds would be returned every week so you can either reroll or you can pull out your principal.
Winners take the interest gained from the slot money that is locked in staking contracts until the funds are requested to be released.
This is a pool where people pay per roll and funds are locked but you get your principal back. The longer you stay in the pool the more spins you get. Funds would be returned every week so you can either reroll or you can pull out your principal. Winners take the interest gained from the slot money that is locked in staking contracts until the funds are requested to be released.
Tokenization of sports betting decentralizes the sector, brings transparency, enhances liquidity, and increases efficiency. Multiple goals can be achieved by tokenizing betting. Tokenization of sports has many use cases such as player tokenization where you could invest into a player’s contract like Spencer Dinwiddie of the San Antonio Spurs.
Even tokenizing a team so that people could invest in it and drive more capital to the team. The Green Bay Packers would be a cool organization to see become tokenized because the community and ticket holders are the owners.
It would be supercool if the only Publicly owned US sports franchise had encrypted ownership where you could verify it on the blockchain with some form of token to show you are part of the Ownership or cheese head royalty. The list of use cases of Tokenization is endless. Tokenizing Bets will have to built out but we hope in the long term we will be able to do a number of things that were not possible before blockchain. The tokenization of Sports betting creates opportunities like no loss betting where interest gained from money locked in bets would fund the rewards of the winning bets. Below you can see our rough model of how this would work:
No Loss Lottery
Creating a no loss pool where one random person earns the interest from the pool and everyone keeps their principal. Keep your funds in the pool, and you have a chance to win.
A fun way to think of this is an ETH savings account that you use to play a lottery but your principal is not a part of the lottery. Instead, the interest earned from your principal is what the winnings of the lottery are derived off of.
So imagine you are saving for a Trip and you use this as a savings account you could potentially get close to your saving for the trip or retirement with this pool over time by rolling over the funds.
Look for our upcoming Pools on PoolTogether.
No Loss Slots
This is a pool where people pay per roll and funds are locked but you get your principal back. The longer you stay in the pool the more spins you get. Funds would be returned every week so you can either reroll or you can pull out your principal.
Winners take the interest gained from the slot money that is locked in staking contracts until the funds are requested to be released.
Tokenization of sports betting decentralizes the sector, brings transparency, enhances liquidity, and increases efficiency. Multiple goals can be achieved by tokenizing betting. Tokenization of sports has many use cases such as player tokenization where you could invest into a player’s contract like Spencer Dinwiddie of the San Antonio Spurs.
Even tokenizing a team so that people could invest in it and drive more capital to the team. The Green Bay Packers would be a cool organization to see become tokenized because the community and ticket holders are the owners. It would be supercool if the only Publicly owned US sports franchise had encrypted ownership where you could verify it on the blockchain with some form of token to show you are part of the Ownership or cheese head royalty. The list of use cases of Tokenization is endless. Tokenizing Bets will have to built out but we hope in the long term we will be able to do a number of things that were not possible before blockchain. The tokenization of Sports betting creates opportunities like no loss betting where interest gained from money locked in bets would fund the rewards of the winning bets. Below you can see our rough model of how this would work:
To build a no-loss lottery in a decentralized fashion we are going to use Chainlink Verifiable Random Function (VRF) and Chainlink Alarm clock to ensure a truly decentralized no-loss lottery system.
These games are a way for ppl to have fun with money but not risk the principal. The winning pools are created off the interest from the principal locked in the games. When someone hits the Jackpot or wins the lottery, they take 75% and 25% is rolled over into the next pool to start gaining interest.
Not only does a no loss lottery save you your money but it also saves platforms like us money by reducing the overhead costs like staff, tickets Flair, Casinos, etc… The servers are replaced by the blockchain and staff is not necessary.
Funds will be released every week for the no-loss games so you can either replay or quit playing. The pot will stay and you can reroll your money.
Funds will be released every week for the no-loss games so you can either replay or quit playing.
We are using BOND, USDC & DAI but they will be used for different games.
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